Murdoch's New Number Two

Big changes over at media behemoth News Corp. Peter Chernin will step down as Rupert Murdoch's second in command after his contract ends in June, The Wrap reports. Chase Carey, the CEO of DirecTV, will replace Chernin, if DirecTV will let Carey out of his contract, which lasts until the end of the year. The personnel change reflects a shift in News Corp's management, which has rejiggered corporate power by handing more responsibility to current executives. This means that Carey won't simply take over Chernin's job. Carey will be a vice-chairman, not president as Chernin was. Carey's acceptance of the job comes as a surprise—apparently Murdoch didn't think he could persuade Carey to leave his CEO job for a lesser position at News Corp.