Deals
Murdoch Bid Boosts Carey as James Jockeys for Position
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When Twenty-First Century Fox Inc. President Chase Carey approached his longtime friend Time Warner Inc. Chief Executive Officer Jeff Bewkes in New York on June 9 about a $75 billion merger of the two media companies, Bewkes asked him a question. Carey’s contract would only run for another 18 months. Who would manage the merged company?
It’s a question likely to dominate the conversation in the coming weeks as Rupert Murdoch, 83, forges ahead with his plans to acquire Time Warner despite an outright rejection from Bewkes and the entertainment giant’s board.