Most power rested with his father and Peter Chernin, the president and chief operating officer.
News Corp president and COO, Peter Chernin, recently announced he will step down in June.
Chambers is the founder and Co-Chairman of Malaria No More, with Peter Chernin, President of News Corporation.
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That was right around the time Peter Chernin, former president of Fox Film Entertainment, introduced Milchan to Rupert Murdoch.
's annual conference in Sun Valley, Idaho, in July, Saban met with Michael Eisner, Peter Chernin and Rupert Murdoch.
Peter Chernin, president of News Corporation, whose Fox network broadcasts the Idol show, rejects such talk as unjustified cynicism.
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Bidders reportedly showing an interest in the Sunnyvale, California-based company include Silver Lake, Peter Chernin, Providence Equity Partners, DST Global and Alibaba Group.
The last thing Murdoch and Peter Chernin, his operations chief, needed was to play poker with Saban over the value of Fox Family.
An LBO led by the media investor Peter Chernin, possibly in concert with partner that could include Providence Equity Partners, Microsoft and various investment banks.
Companies reported to be circling the studio include Lions Gate, Time Warner and CBS. Peter Chernin, formerly of News Corp, is also rumored to be considering a bid.
The shakeup comes just two-and-a-half weeks after News Corp announced that another respected lieutenant, President Peter Chernin, would be leaving the media giant when his contract expires in June.
That council could be quickly superseded if an effort, first reported by The Wall Street Journal, to recruit former News Corp. president Peter Chernin to run the company comes to fruition.
In the race to exploit the Internet before it ravages his media empire, Murdoch and his lieutenant, Chief Operating Officer Peter Chernin, have moved faster than their competitors--which also makes it easy to stumble.
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