Chase Carey has been with DirecTV since 2003 and, as the CEO, has been instrumental in making i the lucrative company it is today. On Wednesday, Carey decided to resign from DirecTV and return to News Corp.
At News Corp., the only person Carey will report to is Rupert Murdoch. His titles at the company will be COO, president and deputy chairman. Although James Murdoch, Rupert’s son, will still succeed his dad at the top spot, Carey will continue to be second in command when that time comes.
While with DirecTV, industry experts say that Carey navigated the company through its tricky …read more

MySpace, which was once the king of social networking sites, is now turning to their thriving musician profile option in hopes of raising some money. The new MySpace Music homepage allows users to download songs inexpensively from Amazon – and the networking site takes a cut of the profits.
Facebook overtook the #1 spot a year ago with over 200 million users around the world. MySpace is still a respectable second, and they still lead Facebook in active users per month, but some believe that they’re losing steam. Since buying MySpace in 2005, billionaire Rupert Murdoch hasn’t seen much of a …read more

Per Hilary Rosen of the Huffington Post:
Rupert Murdoch, Chairman of News Corp, owner of WSJ, and outspoken conservative, was quoted on Wednesday night at the “All Things Digital” conference stating that he thinks that Barack Obama is a “rock star” and that “he will win and I am anxious to meet him.”
He also commented on Republican candidate John McCain saying that “McCain is a friend of mine. But I think he’s got a lot of problems.”