- Your Profile
- In the News
- Box Office
- Development
- Production
- Job Market
- Calendar
|
 |
CHERNIN'S CONTRACT ALLOWS HIM TO QUIT FOX Friday, November 26 2004 
News
Corp
President
Peter
Chernin
negotiated
a
contract
renewal
last
summer
that
would
allow
him
to
exit
the
company
quickly
if
he
is
asked
to
replace
Michael
Eisner
as
CEO
of
the
Walt
Disney
Co.
The
contract
also
allows
him
to
leave
easily
if
Rupert
Murdoch
decides
to
step
down
as
CEO
without
naming
Chernin
to
succeed
him.
Details
of
Chernin's
contract
were
published
today
(Friday)
by
the
Los
Angeles
Times,
which
cited
sources
close
(more)NEWS CORP PROFITS CLIMB Thursday, August 12 2004 Crediting a strong performance by its filmed entertainment unit and a rebound in TV advertising, News Corp, the parent company of 20th Century Fox and Fox TV, among other media properties, reported a 7.8 percent rise in profit to $399 million in its last quarter, up from $370 million during the same quarter a year ago. Gross revenue remained flat at $5.5 million. News Corp COO Peter Chernin observed Wednesday that the movie studio had (more) |
|
|
The day after Walt Disney Co. Chairman George Mitchell said that the Disney board expects to name a successor to Michael Eisner by June, one of the persons most often mentioned to fill that job appeared to take himself out of the running. News Corp President Peter Chernin said during a conference call, "Look, I'm very happy here. ... I continue to believe that this is the strongest media company with the strongest growth. I just signed a new contract, and this is where I intend to keep working." Chernin's comments came in a joint discussion with News Corp Chairman Rupert Murdoch about the company's latest quarterly report, which showed strong performances by the 20th Century Fox studio unit and its home video sidekick. Even with heavy costs incurred during the move of the company's headquarters from Australia to the U.S., net profits grew to $386 million, 80 percent higher than the year-ago period. Gross revenue was up 18 percent to $6.6 billion.
