Chase Carey
Encyclopedia
Chase Carey is the President, Chief Operating Officer
(COO), and Deputy Chairman of News Corporation
, a major international media conglomerate
.
and an MBA
from Harvard
, where he was a member of the Harvard Business School Rugby Club
.
While attending Colgate he joined the Delta Upsilon
Fraternity. Today, Carey is a Trustee
Emeritus
of Colgate University
.
, a News Corp holding, in 1988. Over the course of the following decade he served as COO of Fox, Inc., and CEO of Fox Broadcasting. During this time he helped launch both Fox Sports
and FoxNews. He also served as co-COO of News Corporation, along with Peter Chernin
.
, and in 2003, Carey was chosen as DirecTV CEO.
At DirecTV, Carey had plans to add 1 million new subscribers a year, and had met that goal when he left the company six years later. By all accounts, Carey's tenure at DirecTV was considered successful, bringing the company back to profitability.
In 2006, News Corporation sold its controlling interest
in DirecTV to Liberty Media
, in exchange for News Corp shares.
In August 2011 Rupert Murdoch tipped Carey to be his successor as CEO of News Corp. It was previously assumed that Murdoch's son James would succeed him.
Chief operating officer
A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...
(COO), and Deputy Chairman of News Corporation
News Corporation
News Corporation or News Corp. is an American multinational media conglomerate. It is the world's second-largest media conglomerate as of 2011 in terms of revenue, and the world's third largest in entertainment as of 2009, although the BBC remains the world's largest broadcaster...
, a major international media conglomerate
Media conglomerate
A media conglomerate, media group or media institution is a company that owns large numbers of companies in various mass media such as television, radio, publishing, movies, and the Internet...
.
Education
Carey received his bachelors degree from Colgate UniversityColgate University
Colgate University is a private liberal arts college in Hamilton, New York, USA. The school was founded in 1819 as a Baptist seminary and later became non-denominational. It is named for the Colgate family who greatly contributed to the university's endowment in the 19th century.Colgate has 52...
and an MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
from Harvard
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
, where he was a member of the Harvard Business School Rugby Club
Harvard Business School RFC
The Harvard Business School RFC is a rugby union team based at Harvard Business School in Boston, Massachusetts. The club competes in the New England Rugby Football Union and is composed of graduate students from throughout Harvard University.-History:...
.
While attending Colgate he joined the Delta Upsilon
Delta Upsilon
Delta Upsilon is the sixth oldest international, all-male, college Greek-letter organization, and is the oldest non-secret fraternity in North America...
Fraternity. Today, Carey is a Trustee
Trustee
Trustee is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another...
Emeritus
Emeritus
Emeritus is a post-positive adjective that is used to designate a retired professor, bishop, or other professional or as a title. The female equivalent emerita is also sometimes used.-History:...
of Colgate University
Colgate University
Colgate University is a private liberal arts college in Hamilton, New York, USA. The school was founded in 1819 as a Baptist seminary and later became non-denominational. It is named for the Colgate family who greatly contributed to the university's endowment in the 19th century.Colgate has 52...
.
Early career with Fox
Carey first came to work with FoxFox Broadcasting Company
Fox Broadcasting Company, commonly referred to as Fox Network or simply Fox , is an American commercial broadcasting television network owned by Fox Entertainment Group, part of Rupert Murdoch's News Corporation. Launched on October 9, 1986, Fox was the highest-rated broadcast network in the...
, a News Corp holding, in 1988. Over the course of the following decade he served as COO of Fox, Inc., and CEO of Fox Broadcasting. During this time he helped launch both Fox Sports
Fox Sports (USA)
Fox Sports is a division of the Fox Broadcasting Company . It was formed in 1994 with Fox's acquisition of broadcast rights to National Football League games...
and FoxNews. He also served as co-COO of News Corporation, along with Peter Chernin
Peter Chernin
Peter Chernin currently owns and runs Chernin Entertainment and The Chernin Group, both of which he founded in 2009. He was formerly President and COO of News Corporation, and Chairman and CEO of Fox Entertainment Group. He is a Corporate Director for American Express and sits on the Board of...
.
DirectTV
During the time that Carey was working for News Corp, News Corp obtained controlling interest in Hughes Electronics, which at the time owned DirectTV, a satellite TV provider. Carey had already served on the DirectTV board of directorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
, and in 2003, Carey was chosen as DirecTV CEO.
At DirecTV, Carey had plans to add 1 million new subscribers a year, and had met that goal when he left the company six years later. By all accounts, Carey's tenure at DirecTV was considered successful, bringing the company back to profitability.
In 2006, News Corporation sold its controlling interest
Controlling interest
Controlling interest in a corporation means to have control of a large enough block of voting stock shares in a company such that no one stock holder or coalition of stock holders can successfully oppose a motion...
in DirecTV to Liberty Media
Liberty Media
Liberty Media Corporation is an American media conglomerate and the control is exercised by company Chairman John C. Malone, who owns a majority of the voting shares....
, in exchange for News Corp shares.
Return to News Corporation
In June, 2009, it was announced that Carey would be leaving DirecTV and returning to News Corp. He assumed the posts of President and COO that had been held by Chernin, as well as the post of Deputy Chairman.In August 2011 Rupert Murdoch tipped Carey to be his successor as CEO of News Corp. It was previously assumed that Murdoch's son James would succeed him.
External links
- Executive profile at Bloomberg Businessweek
- Profile and collected coverage at ForbesForbesForbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
- Collected coverage at The Wall Street JournalThe Wall Street JournalThe Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
- Campaign contributions at Newsmeat.com and at FundRace