The Los Angeles-based Fox businesses will report directly to News Corp. Chairman-CEO Rupert Murdoch upon Chernin’s departure.
Chernin joined News Corp. in 1989 and has served as president-COO since October 1996. “Peter’s contributions to the company over the past two decades have been immeasurable. He has led important businesses and nurtured talented managers,” Murdoch said in a statement. “We are fortunate to have such a strong and seasoned group of leaders at our Fox companies, and we are confident that our success will continue. To that end, Peter and I will work closely over the next four months to ensure an effective transition.”