With Chernin Out At News Corp, What Happens To FIM?
Mon, Feb 23rd, 2009
Peter Chernin, the long-time president and COO of News Corp, is leaving the company after protracted negotiations over his contract could not be resolved. Chernin’s salary was $28.8 million in the last fiscal year, which was $1.3 million more than even Rupert Murdoch’s take-home pay. Chernin helped Murdoch build and oversee his vast media empire over the past 20 years, and his departure no doubt will raise all sorts of questions about the future of the company. He will be leaving when his current contract expires on June 30.
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Topics: Fox Interactive, Rupert Murdoch, Interactive Media, Myspace, Coo
