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NEWS CORP PRESIDENT ENDORSES KERRY Thursday, August 5 2004 
Suggesting
that
Rupert
Murdoch's
News
Corp
might
not
be
so
monolithic
as
some
of
its
critics
have
made
it
out
to
be,
the
Kerry
for
President
Campaign
announced
Wednesday
that
News
Corp
President
and
COO
Peter
Chernin
had
endorsed
the
Democratic
presidential
candidate.
Murdoch
himself
is
regarded
as
a
staunch
backer
of
President
Bush,
and
his
Fox
News
Channel
is
generally
regarded
as
reflecting
his
political
bias.
Appearing
on
FNC
Wednesday,
Chernin
maintained
that
the
(more)CHERNIN TO REMAIN AT NEWS CORP Friday, July 30 2004 Ending ongoing speculation that he might replace Michael Eisner at Disney, News Corp announced Thursday that Peter Chernin had signed a new contract to stay on as president and COO. News reports about Disney shareholders' dissatisfaction with Eisner have frequently mentioned that there is a dearth of talented executives who could replace him and have mentioned Chernin as one of the few who could -- especially since a provision in his contract allowed him to (more) |
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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 released five pictures opening to more than $20 million and that he expects a sixth to do so when Alien vs. Predator opens on Friday.
