Sources say
Company to announce new CEO soon
The succession battle at News Corp. appears to be over, with the conservative media mogul family reaching a deal to install Chase Carey as the new CEO of the media giant. According to sources close to the situation, the appointment will be announced shortly, confirming months of speculation about Carey's imminent promotion. He has been serving as the company's deputy chairman and president, and is generally well-regarded within the media industry. This comes after a turbulent year for News Corp., which owns several major media outlets, including Fox News and The Wall Street Journal. The company has been struggling to deal with the decline of print media and the increasing importance of digital platforms, leading to a reshuffling of its leadership. The decision to appoint Carey as the new CEO is seen as a move to solidify the company's conservative leanings, as he is known for his strong political opinions and affiliations. This could lead to increased scrutiny of News Corp.'s media holdings, particularly Fox News, which has been accused of spreading misinformation and bias in its coverage. Carey's appointment is also likely to have an impact on the company's business strategy, with a greater focus on digital transformation and expanding its reach in the global media market. More details are expected to be released soon, as the official announcement is anticipated to come within the next few days.
