News Corp. president Peter Chernin’s contract expires June 30 and concern is mounting inside the company and on Wall Street that he might not stay on as Rupert Murdoch’s No. 2, the Los Angeles Times reports. “While Chernin has not signaled his intent, we fear the longer time goes by, the less likely he is to renew his contract,” Pali Research analyst Richard Greenfield says. “Chernin’s departure would raise significant investor concern and could lead to other management changes at News Corp.”
—Jon Lafayette