CHERNIN SAYS HE WANTS TO STAY AT NEWS CORP

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CHERNIN SAYS HE WANTS TO STAY AT NEWS CORP
Thursday, March 11 2004

News Corp President and COO Peter Chernin, often mentioned as a possible successor to Disney CEO Michael Eisner, told an investors' conference in Palm Beach, FL Wednesday that he is "very happy" acting as Rupert Murdoch's No. 2 man. "I love the job. I am -- I guess with more publicity than I would like -- currently in a contract renegotiation. I wouldn't be in that renegotiation if it wasn't my desire to be with the company." In recent weeks, analysts have speculated that Chernin would jump at the shot to head Disney, given the possibility that Murdoch might decide to designate on of his sons to succeed him when he steps down. However, Chernin said, "It's hard for me to see any place in the media space that has the growth opportunity that this company has."