Peter Chernin's Uncertain News Corp Future Worries Company, Wall Street

Rupert Murdoch has returned from Australia, where he celebrated his mother's 100th birthday. Now the mogul faces another important date.

The contract for Murdoch's chief lieutenant, News Corp. President Peter Chernin, expires June 30, and the two executives have been locked in negotiations for months. They haven't struck a deal, and concern is mounting inside the company, and on Wall Street, that Chernin will not renew.

Read the whole story here.

Comments

[ROBOT8]

HATE MONGERINFG AND LIES AREN'T AS PROFITABLE AS THEY USED TO BE!

[SnapShots]

I got out my violin. Tuning it up. Can't wait to play it.

[mexamerican]

if i were murdoch's number 2, i'd jump as well. not even a tu r d wants to hang out in murdoch's bow els.

[rf dude]

An unlikely name, Rupert.

Even more unlikely that his #2 will jump

I don't care HOW much $$ he has,

he still can't make

his dump jump...
--

[Johnmac371]

WHEN BILL-O GETS HIS LITTLE DIG AT GE & IMMELT FOR THEIR FALLING SHARES, HE SHOULD QUICKLY REMIND ALL HIS VIEWERS HOW BADLY NEWS CORP IS DOING.

ITS ACTUALLY DOING WORSE THAN GE. YET ANOTHER EXAMPLE OF O'REILLY HYPOCRISY.

[aznurse]

TIIIMMMBERRRRRR

[6bd]

Their falsehoods are recognized around the world. Uncivil, uncouth, unnecessary.

[wpiv926]

I hope News Corp. goes bankrupt. There right-wing ideology have damn near destroyed our nation.

[jcollell]

Couldn't happen to a better company.

http://www.youspar.com/

[Ergon]

He's got a new job already. managing Bernie Madoff's missing $50 billions.

[nogimmicks]

The smiles are contageous.. They kinda look like Patrick and Spongebob.

[backroads]

Why would anyone want to work with Murdoch? What a low life SOB! He is only a citizen of the US because he wanted to build a media empire. Send the jerk back to Australia.

[Kungfublood]

well..when push comes to shove..then your talkn.

[Very Berry]

what will his settlement be? sorry?

[jalowe1957]

If Chermin bails out, will his golden parachute guarantee him a soft landing?

[jinjinpinti]

PhocksBlockers unite!