The departure of News Corporation's long serving COO Peter Chernin could lead to James Murdoch moving to join his father in the US sooner than many expected.Chernin, who has run New Corp’s Fox film and TV studios and broadcasting business for the past 12 years has been the counterweight in the Murdoch family-controlled business empire.

Ever aware of the likely ultimate outcome of succession management at News Corp, the veteran had often quipped that he was “warming a seat for a Murdoch”. That Murdoch, after Rupert’s elder son Lachlan left News Corp’s senior management to return to Australia in 2005, is widely recognised to be James.

For now, when Chernin goes in June, Murdoch Snr will take over his responsibilities.

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