Paidcontent reports that Chernin, New Corp COO, will be leaving the company where he worked for the last 20 years when his current contract expires on June 30.
He is widely expected to pursue a TV and movie production deal with Fox which came as part of his contract. He is well respected both in Hollywood and Wallstreet circles. His departure is seen to have come at a particularly trecherous time for News corp when its stock saw a 70% drop from its 52 week high, bigger drop off than time warner or disney.
Most expected him to staty with News corp with a renewed contract which never materialized. No successor was named.
[...] Filed under: Entertainment, Media â Tags: news corp, peter chernin â Raja @ 4:19 pm. Paidcontent reports that Chernin , New Corp COO, will be leaving the company where he worked for the last 20 years when his current contract expires on …Read More [...]
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