Los Angeles, CA – January 06, 2011 – News Corporation President and Chief Operating Officer Chase Carey today announced a restructuring of the Fox Networks Group (FNG) following Tony Vinciquerra's decision to step down. Mr. Vinciquerra, who has served as Chairman and CEO of the group since 2002, will leave the Company on February 11.
"Tony has done an outstanding job building the Fox Networks Group into a powerful and important asset for the Company," said Mr. Carey. "We are grateful for his leadership over the past decade and, while we will miss his guidance, we respect his decision to seek new challenges at this point in his career."
"I've had an amazing decade at this company and am proud of the many accomplishments we've made as a team, particularly how we've worked together to evolve the retransmission consent landscape, changing the financial structure of broadcast television in America, while also building one of the industry's most vibrant cable channel portfolios," said Mr. Vinciquerra. "I will always be indebted to the talented team of people at this company, and to Rupert and Chase, for their continued guidance. It's time for me to pursue a new, probably more entrepreneurial path, and I'm excited to see what unfolds before me."
Following Mr. Vinciquerra's departure, David Haslingden, CEO of Fox International Channels, will relocate to Los Angeles to assume the role of President and Chief Operating Officer of Fox Networks Group, reporting to Mr. Carey.
FNG executives, David Hill, Chairman and CEO of Fox Sports Media Group; Peter Rice, Chairman, Entertainment, Fox Networks Group; and Mike Hopkins, President of Affiliate Sales and Marketing for Fox Networks, will also report to Mr. Carey as part of the new structure.
David Haslingden, who has led the explosive growth of the Fox International Channels (FIC) as CEO since 2001, will be taking over most of Mr. Vinciquerra's business responsibilities. In his new role as President and COO of FNG, Mr. Haslingden will oversee strategic business development, finance, legal, advertising sales and corporate functions across the group.
Hernan Lopez, who has been influential in shepherding the Company's international cable channel growth, is being promoted to President and CEO of Fox International Channels, reporting to Mr. Haslingden.
Randy Freer and Eric Shanks, each of whom held separate president titles at FOX Sports, will now serve as Co-President and COOs of Fox Sports Media Group. The duo will take on direct responsibility for the sports cable channels, including Fox Soccer Channel, SPEED, FOX Deportes and FUEL TV, reporting to Mr. Hill. Mr. Shanks and Mr. Freer will also gain oversight of all digital ventures for the sports group.
Mr. Hill, who is considered one of the sports industry's most creative and forward-thinking programmers, will expand his role to manage Fox's oversight of the National Geographic Channels domestic joint venture and will take a seat on the National Geographic Channels board, along with Mr. Haslingden and Mr. Hopkins.
"Our networks group is one of the biggest growth drivers for our Company and we see considerable room for further innovation and development under this talented team of executives," said Mr. Carey. "We believe this reorganization, with new and expanded roles for Haslingden, Hopkins, Lopez, Freer and Shanks, will provide our overall business with a clear, strategic focus and position us for even greater growth," said Mr. Carey.
Mr. Rice will continue in his role as Chairman, Entertainment for the Fox Networks Group, with oversight of Fox Broadcasting Company and the FX Networks (FX and the Fox Movie Channel), led by Jon Landgraf.
Mr. Hopkins, who has played a key role in transforming the economics of the network television business and led the team that negotiated several significant retransmission consent agreements over the past year, will remain in his role as President of Affiliate Sales and Marketing for the cable channels and will take on responsibility for developing digital strategies for the networks of FNG. In addition, he will gain oversight of network distribution at Fox Broadcasting Company. Jon Hookstratten, who has successfully managed the Company's affiliate relationships, and serves as Executive Vice President of Network Distribution, will report to Mr. Hopkins.
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of September 30, 2010 of approximately US$56 billion and total annual revenues of approximately US$33 billion. News Corporation is a diversified global media company with operations in six industry segments: cable network programming; filmed entertainment; television; direct broadcast satellite television; publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America.