News Corp Restructures Fox; Liguori Out
This story was written by Rafat Ali.
Less than a month after Peter Chernin leaving News Corp (NYSE: NWS). the company has announced a major restructuring of all of Fox businesses. The changes, as announced by Rupert Murdoch today:
the LA-based creative production divisions will be combined under a single unit reporting to Jim Gianopulos and Tom Rothman, co-chairmen of Fox Filmed Entertainment. Twentieth Century Fox Television chairmen Gary Newman and Dana Walden will report to Gianopulos and Rothman. Emiliano Calemzuk, president of Fox Television Studios, will report to Newman and Walden.
On the TV network side of the business, Tony Vinciquerra, chairman of the Fox Networks Group, will continue to head the cable networks, the business aspects of Fox Broadcasting, Fox International Channels, and will also add responsibility for Fox Broadcasting programming.
Peter Liguori will be stepping down as chairman of entertainment, Fox Broadcasting, effective immediately. Peter Rice, president of Fox Searchlight, will exit his post at the specialty label, and take on the role of chairman of entertainment, Fox Broadcasting, reporting to Vinciquerra.
Nothing much on the Fox Interactive Media side, though some have been expecting changes after Chernin's exit. Peter Levinsohn, who is president of FIM, is now reporting directly to Murdoch.
By Rafat Ali