Peter Chernin Signs New Five-Year Employment Pact

NEW YORK, August 5/Satnews Daily/ — News Corp. has signed a new, five-year employment pact with Peter Chernin, the company's President and Chief Operating Officer, since 1996.

Rupert Murdoch, Chairman and CEO said described Peter as a close and trusted colleague for more than a decade adding he is delighted that News Corp. will continue to have the benefit of his dynamic qualities for many years to come. “He has done a superb job growing and operating our core entertainment businesses in an increasingly challenging global marketplace. Peter is respected throughout our company and the industry for his intelligence, drive and leadership,” he said.

Chernin joined News Corp. in 1989 and has been President and COO for the past eight years. He joined the company as President of Entertainment of the Fox Broadcasting Company, a position he held for three years. Under his leadership the network launched such hits as The Simpsons, In Living Color and Beverly Hills 90210. From 1992 to 1996, he served as Chief Executive Officer of Fox Filmed Entertainment, and oversaw such blockbusters as Speed, Independence Day and Titanic.