Chase Carey | |
|---|---|
 Carey in 2018 | |
| Born | 22 November 1953 |
| Alma mater | Colgate University Harvard University |
| Occupation | Non-Executive Chairman & former Chairman/CEO of the Formula One Group |
| Board member of | Fox Corporation |
Chase Carey (born 22 November 1953) is an Irish-born American executive. He is the former chief executive officer and executive chairman of the Formula One Group. [1] [2] He has previously worked for News Corp, DIRECTV, 21st Century Fox and Sky plc.
Carey was born in Ireland to American parents of Irish descent, and received his bachelor's degree from Colgate University and an MBA from Harvard, where he was a member of the Harvard Business School Rugby Club. [3] While attending Colgate he joined the Delta Upsilon fraternity and was a member of the Colgate University Rugby Football Club. Today, Carey is a Trustee Emeritus of Colgate University.
Carey first came to work with Fox, a News Corporation holding, in 1988. [4] Over the course of the following decade he served as COO of Fox, Inc., and CEO of Fox Broadcasting Company. During this time he helped launch both Fox Sports and Fox News [3] and helped form a partnership between Fox Network and the NFL, a deal worth $1.58 billion. [3]
He also served as co-COO of News Corporation, along with Peter Chernin. He resigned as co-COO of News Corp on January 24, 2002. [5]
During the time that Carey was working for News Corp, the company purchased a 34% controlling interest in Hughes Electronics, which at the time owned DirecTV, a satellite TV provider. [6] Carey had already served on the DirecTV board of directors, [7] and in 2003 he was appointed CEO.
At DirecTV, Carey had plans to add 1 million new subscribers a year, [6] and had met that goal when he left the company six years later. [8] Carey's tenure at DirecTV was widely considered successful, and the company returned to profitability. [8]
In 2006, News Corporation sold its controlling interest in DirecTV to Liberty Media, in exchange for News Corp shares. [9]
In June 2009, it was announced that Carey would be leaving DirecTV and returning to News Corp. He assumed the posts of President and COO that had been held by Chernin, [10] as well as the post of Deputy Chairman.
In August 2011 Rupert Murdoch tipped Carey to be his successor as CEO of News Corporation. It was previously assumed that Murdoch's son James would succeed him. [11] In 2013, Carey was announced as the COO of 21st Century Fox, the legal successor of News Corporation and the owner of most of its film and television properties, News Corporation's print media and Australian assets being spun off as News Corp. In 2015, Carey was reassigned as executive co-chairman, [12] while James Murdoch became CEO. Carey resigned this position in July 2016 to become a consultant to Fox.[ citation needed ]
In 2019, he was on the Fox Corporation board. [13]
On 23 January 2017, Carey was installed as CEO and Executive chairman of Formula One Group after Liberty Media completed their acquisition of the Formula One Group. [14]
On September 25, 2020, Liberty Media announced that Carey would take on the role of non-executive chairman with Stefano Domenicali stepping in as CEO as of January, 2021. Carey’s achievements included the establishment of a cost cap for the first time in Formula 1 and the signing of a more equitable Concorde Agreement with the teams from 2021 to 2025. [15]
Keith Rupert Murdoch is an Australian-born American business magnate, investor, and media proprietor. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including in the UK, in Australia, in the US, book publisher HarperCollins, and the television broadcasting channels Sky News Australia and Fox News. He was also the owner of Sky, 21st Century Fox, and the now-defunct News of the World. With a net worth of US$21.7 billion as of 2 March 2022, Murdoch is the 31st richest person in the United States and the 71st richest in the world according to Forbes magazine.
Sky Group Limited is a British media and telecommunications conglomerate, which is a division of Comcast, and headquartered in Isleworth. It has operations in the United Kingdom, Ireland, Germany, Austria, Switzerland and Italy. Sky is Europe's largest media company and pay-TV broadcaster by revenue, with 23 million subscribers and more than 31,000 employees as of 2019. The company is primarily involved in satellite television, producing and broadcasting. The current CEO is Dana Strong.
The original incarnation of News Corporation was an American multinational mass media corporation controlled by media mogul Rupert Murdoch and headquartered at 1211 Avenue of the Americas in New York City. Prior to its split in 2013, it was the world's largest media company in terms of total assets and the world's fourth largest media group in terms of revenue, and News Corporation had become a media powerhouse since its inception, dominating the news, television, film, and print industries.
Bernard Charles Ecclestone is a British former business magnate. He is the former chief executive of the Formula One Group, which manages Formula One motor racing and controls the commercial rights to the sport. As such, he was commonly described in journalism as the 'F1 Supremo'. In October 2023, he pleaded guilty to a single charge of tax fraud by false representation, he agreed to pay HM Revenue and Customs nearly £653m in historical tax and penalties. He was sentenced to 17 months in prison, suspended for two years.
James Rupert Jacob Murdoch is a British-American businessman. He is the younger son of media mogul Rupert Murdoch and the former chief executive officer (CEO) of 21st Century Fox from 2015 to 2019.
Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has three divisions, reflecting its ownership stakes in Formula One, SiriusXM, and the Atlanta Braves Major League Baseball team.
Disney Networks Group Asia Pacific, formerly Satellite Television Asian Region, subsequently Fox International Channels Asia Pacific, and Fox Networks Group Asia Pacific, is a Hong Kong-based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong businessman Richard Li.
Lachlan Keith Murdoch is a British-American businessman and mass media heir. He is the executive chairman of Nova Entertainment, chairman of News Corp, executive chairman and CEO of Fox Corporation, and the founder of Australian investment company Illyria Pty Ltd.
The Formula One Group is a group of companies responsible for the promotion of the FIA Formula One World Championship, and the exercising of the sport's commercial rights.
Peter Chernin is an American film and television producer, businessman and investor. He is the chairman and CEO of The Chernin Group (TCG), which he founded in 2010. TCG manages, operates and invests in businesses in the media, entertainment, and technology sectors. Specifically, the company focuses on three areas: making investments in technology and media companies in the US, developing premium content for film and television, and capitalizing on strategic business opportunities in emerging markets.
DirecTV is an American multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States. It also provides traditional linear television service delivered by IP through its U-verse TV brand and a Virtual MVPD service through its DirecTV Stream brand. Its primary competitors are Dish Network, traditional cable television providers, IP-based television services, and other over-the-top video services.
Lawrence "Lon" A. Jacobs is the Chief Legal Officer, Executive Vice President and Global General Counsel of the Las Vegas Sands. Up until 2011, Jacobs served as the Group General Counsel and Senior Executive Vice President of News Corporation.
William M. Mechanic is an American film producer. He is the chairman and CEO of Pandemonium Films.
Gary L. Ginsberg is an American lawyer, political operative and corporate adviser, serving as a strategist in both the public and private sectors for more than 25 years. He was most recently Senior Vice President and Global Head of Communications at SoftBank Group Corp. before resigning in 2020. Before joining SoftBank, Ginsberg served as Executive Vice President of Corporate Marketing and Communications at Time Warner and as Executive Vice President of Global Marketing and Corporate Affairs at News Corp.
The Grand Prix of America was a failed Formula One World Championship race proposal. In 2011, plans were revealed for the race for target planned entry into the 2013 Formula One World Championship. The plan was to hold the race on the proposed 5.2 km (3.2 mi) Port Imperial Street Circuit through the New Jersey towns of West New York and Weehawken near Weehawken Port Imperial, with the Hudson River and New York City skyline as a panoramic backdrop.
Twenty-First Century Fox, Inc., which did business as 21st Century Fox (21CF), also known simply as Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was one of the two companies formed on June 28, 2013, following a spin-off of the publishing assets of the old News Corporation as News Corp.
News Corporation, stylized as News Corp, is a mass media and publishing company headquartered in Midtown Manhattan, New York City. It was formed on June 28, 2013, following a spin-off of the media outlets of the original News Corporation as 21st Century Fox (21CF). Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include Dow Jones & Company, News UK, News Corp Australia, REA Group, Realtor.com, and book publisher HarperCollins.
Vrio Corp. is an American company that manages the commercial operations of the Latin American branch of DirecTV. It is owned by Grupo Werthein. It produces TV content, and owns several TV channels.
Anthony "Tony" Vinciquerra is an American film executive who is the current Chairman and CEO of Sony Pictures Entertainment. He was previously president and CEO of Fox Networks Group.
Fox Corporation is an American multinational mass media company headquartered at 1211 Avenue of the Americas in New York City. Incorporated in Delaware, it was formed on March 19, 2019, as a result of the acquisition of 21st Century Fox by The Walt Disney Company, which was closed on March 20. The company is controlled by the Murdoch family via a family trust with 39.6% ownership share, and by Rupert Murdoch himself to the effect of almost 40%.
