Carey to step down from board


News Corp. said Monday that DirecTV Group president and CEO Chase Carey plans to resign from its board once News Corp. and Liberty Media Corp. complete their planned $11 billion asset swap, which will transfer a controlling stake in DirecTV to Liberty. In a U.S. Securities and Exchange Commission filing, News Corp. said Carey's resignation isn't the result of any disagreement. News Corp. shareholders have approved the transaction, which now awaits approval from the FCC.