Carey considered for News Corp CEO: Bloomberg

Reuters News
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Posted: Jul 18, 2011 8:28 PM

NEW YORK (Reuters) - News Corp is considering promoting Chief Operating Officer Chase Carey to the position of CEO to succeed Rupert Murdoch, who would remain as chairman, Bloomberg reported on Monday.

The report said that a decision has not yet been made, and depends on Murdoch's performance before the British Parliament on Tuesday.

Carey, a 23-year News Corp veteran and long-time lieutenant of Rupert Murdoch, is favored by investors in the United States to take control of the business if Murdoch, 80, stands down.

Until a phone hacking scandal at News Corp's UK papers started escalating over the past three weeks, James Murdoch, who is deputy chief operating officer, had been seen as his father's successor.

News Corp was not immediately available for comment.

(Reporting by Megan Davies; Editing by Gary Hill)