Scandalous

News Corp. Considers New CEO: Sources

News Corp. is considering appointing chief operating officer Chase Carey to succeed CEO Rupert Murdoch, sources told Bloomberg News on Monday. Murdoch would remain on as chairman of the company. The sources, who are not authorized to speak publicly, said the final decision rests on how Murdoch performs tomorrow when he testifies under oath before the British Parliament. Board members are reportedly concerned with how he has been handling the fallout from the scandal. The independent directors of the board, who make up nine of the 16 seats, are said to be weighing how investors would react to such a change in leadership. Murdoch’s top executive in Britain, Rebekah Brooks, resigned Friday and was arrested Sunday in connection to the phone-hacking scandal.