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Discussion Starter · #1 ·
ALEXANDRIA, VA, April 22, 2003 - The Satellite Broadcasting and Communications Association announced today that Chase Carey, a member of the board of directors and consultant to News Corporation, will be the afternoon keynote speaker at the Spring 2003 SkyFORUM, the satellite services industry's top financial symposium, to be held on Tuesday, May 20 at Cipriani 42nd Street in New York.


Carey will address the increasingly competitive landscape in the multichannel television industry and how consumers will benefit as a result of this heightened competition.


Carey was Co-Chief Operating Officer of News Corporation and President and Chief Executive Officer of Sky Global Networks until his resignation in January 2002. He also served as Chairman and Chief Executive Officer of the Fox Television Group until 2001. On April 9, 2003 it was announced that Carey would be President and Chief Executive Officer of Hughes Electronics Corporation after the completion of the acquisition of 34 percent of the company by News Corp.


The bi-annual SkyFORUM, hosted by SBCA and its SkyTRENDS partners, brings together Wall Street's analyst and investment community with top satellite and multichannel industry executives to discuss topical issues and upcoming trends. The program will include live demonstrations of emerging consumer product and services technologies, keynote addresses, panel discussions, in-depth research presentations, and onstage interviews with industry leaders.


"Chase's background and familiarity with the international satellite business market will provide an important and timely perspective to this symposium," said Clay Mowry, president of Arianespace, Inc. and SkyTRENDS chair. "His topical observations will continue SkyFORUM's tradition of being the satellite industry's premier event."


As a senior executive at Fox and News Corporation from 1988, Carey had a key role in the growth and success of News Corporation. His initiatives include the launch and growth of Fox Sports, the expansion of the Fox Television Stations group, the emergence of Fox cable channels, and the building of satellite platforms in Europe, Asia and Latin America. Carey joined Fox in 1988 from Columbia Pictures, where he held senior positions from 1981 to 1987. He is a Trustee of Colgate University and a graduate of Colgate University and Harvard Business School.


"The satellite industry continues its remarkable growth, capturing the interest of consumers and the Street," said Andrew Wright, president of SBCA. "Chase will help ensure that SkyFORUM will once again bring together industry leaders and newsmakers for a day of candid conversation."


The May SkyFORUM's schedule includes:


· Super Session on DVR and HDTV: "Changing the Face of Television"


o The DVR Update

o The HDTV Update


· Satellite Radio: Tuning Into a National Audience

· Straight from the Street: Satellite's Leading Analysts Speak Out

· Satellite Broadband: A Look At Consumer and Commercial Applications

· Technology Visionaries
 

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The title of this thread is misleading!


This release states that he will speak on "the increasingly competitive landscape in the multichannel television industry and how consumers will benefit as a result of this heightened competition. "


It does NOT state he will address HDTV nor PVRs, however, the SkyFORUM's schedule DOES includes these topics.
 

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Nor is he the CEO of DirecTV!
 

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"On April 9, 2003 it was announced that Carey would be President and Chief Executive Officer of Hughes Electronics Corporation after the completion of the acquisition of 34 percent of the company by News Corp."


Isn't Hughes == DirecTV?

Quote:
Originally posted by rogo
Nor is he the CEO of DirecTV!
 

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Quote:
Originally posted by pdog
"On April 9, 2003 it was announced that Carey would be President and Chief Executive Officer of Hughes Electronics Corporation after the completion of the acquisition of 34 percent of the company by News Corp."


Isn't Hughes == DirecTV?
Not exactly... Hughes completely owns DirecTV, but DirecTV operates as a seperate company with its own executives. Carey, as CEO of Hughes, will control a good chunk of what happens at DirecTV - but he will also be responsible for Hughes Network Systems, PanAmSat, and probably other units I'm forgetting to mention which are owned by Hughes.


Actually, most of the management structure at DirecTV itself is set to remain the same, at least that is the indication at this early stage of the deal.


--Andrew
 

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I can hear his speech now on HDTV


" HDTV is future of technology. Thank you and have a nice day"



lol, not putting my hopes up.
 

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Quote:
Originally posted by ahintz
Actually, most of the management structure at DirecTV itself is set to remain the same, at least that is the indication at this early stage of the deal.


--Andrew
Don't count on it. When Murdoch bought Metromedia in 1985 which was the launching pad for the Fox network, he cleaned house at the Los Angeles headquarters.


I can also tell you as an industry insider, at least the DirecTV engineering landscape will be altered a bit. Andy Setos who is Murdoch's CTO runs thing his way.
 

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Hmmm, Andy Setos in control of DirecTV technology, that's an interesting thought...
 

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Discussion Starter · #9 ·
sorry if i misled anyone. was just trying to pass on some news and guess i didn't read the release closely enough.
 

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Quote:
Originally posted by pdog
"On April 9, 2003 it was announced that Carey would be President and Chief Executive Officer of Hughes Electronics Corporation after the completion of the acquisition of 34 percent of the company by News Corp."


Isn't Hughes == DirecTV?
Read the above. This guy will be in charge only when the acquisition closes, which is no time soon. The other point about Hughes not equalling DirecTV precisely is also true.


Finally, on a related note, we appreciate the insight of the original post, but I for one would appreciate more caution that a subject line like this. It serves to mislead and bugs the reader as much as a bad headline on a column.


Cheers,

Mark
 
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