News Corp rejigs top management ahead of separating businesses
New York: Ahead of separating its business into two entities, global media firm News Corporation has restructured senior management that oversees its media and entertainment segment.
Rupert Murdoch-led company said in a statement yesterday that it is promoting Peter Rice to the post of Chairman and CEO of Fox Entertainment Group (FNG). Rice has served as FNG's Chairman of Entertainment since 2010. He was responsible for success of films such as Slumdog Millionaire, The Wrestler and Little Miss Sunshine as President of Fox Searchlight.
Rice will now be in-charge of all programming and operations for FNG, which includes Fox Broadcasting Company, Fox Sports Media Group, FX, Fox International Channels and the National Geographic Channels.
Earlier last month, the company had announced splitting its publishing and media business into two distinct entities. The media firm which owns well known brands such as Star channels, The Wall Street Journal and The New York Post had said the separation is expected to be completed by next year subject to shareholders'approval.
"The contributions that Peter has made to News Corp over the years are immeasurable. Peter has proven himself at both the Fox Entertainment Networks, and Fox Searchlight before, to be one of the most innovative and strategic leaders in the entertainment industry," News Corp President and COO Chase Carey said.
In addition, the company promoted David Hill to Senior Executive Vice President of News Corp.
Hill has served as Chairman and CEO of Fox Sports will be overseeing the company's programming, digital initiatives and other opportunities across Latin America, Asia, Australia, Europe and the US.
Carey said, "David has proven himself to be one of the true visionaries in sports and entertainment across three continents during the last three decades and most recently has helped energise our National Geographic Channels,
"As we continue to grow our content brands across the world, David's unique leadership and experience will be invaluable."