03/26/2009 05:12 am ET Updated May 25, 2011

News Corp. President Peter Chernin To Leave Company

Peter Chernin, the highly regarded president of Rupert Murdoch's News Corp. and the executive who has paved the way for the global media giant on Wall Street and in Hollywood, is leaving the company, according to people familiar with the situation.

No immediate successor will be named. Instead, Murdoch, 77, is expected to pick up many of the duties handled by Chernin, including oversight of News Corp.'s Fox movie and television operations.

Read more on Los Angeles Times

Sign up for our email.
Find out how much you really know about the state of the nation.