Peter Chernin to Exit Murdoch’s News Corp., Who Wins?
| February 23rd, 2009 | Comments |
We wouldn’t have predicted such a move with the succession plans of most studio heads being ‘muddled’ at best, but Rupert Murdoch (Innovator/Benefactor) has made a industry-loud judgment call. Based on Murdoch’s legacy plan for his son, James Murdoch, to take over from Chernin, News Corp. President & COO, this leaves Chernin with a 6-year production deal, $40M in severance and a number of other high-flying amenities. So, who wins? Chernin or Murdoch? More after the jump…

