TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Rupe’s Second-in-Command Getting Ready to Depart?

2101461578_060dacd6e8.jpgIs Rupert Murdoch‘s number two man at New Corp. departing? The LAT reports that Peter Chernin, who is credited with “the company’s smooth operations” and who has been in contract negotiations with Rupe for months may leave the company when his contract expires on June 30.

Chernin has been tight-lipped about his plans. Some analysts view the situation — and the domino effect in management his departure could trigger — with alarm.

“While Chernin has not signaled his intent, we fear the longer time goes by, the less likely he is to renew his contract,” Pali Research analyst Richard Greenfield wrote in a recent report. “Chernin’s departure would raise significant investor concern and could lead to other management changes at News Corp.”

Apart from the terrible timing of the departure, should that happen, there appears to be some question as to whether Murdoch’s children are prepared to lead the company.

Mediabistro Course

Personal Essay Writing: Master Class

Personal Essay Writing: Master ClassStarting October 21, work with the senior editor at Marie Claire magazine to polish and publish your essay! Whitney Joiner will help you to develop your voice, narrative, and identity, draft your pitch, and decide where to market your essay. Register now!