News Corp’s Peter Chernin out in 2009

-YOSH It’s definitely looking like long time News Corp Prexy and Chief Operating Officer Peter Chernin will be out of a job in about 2 years or less. James Murdoch' the youngest son of Rupert, was upped last week to rule over his daddy's overseas operations and many see it as the set up for when Peter Chernin's contract expires in 2009. Based on this, Pete Chernin's days at News Corp are numbered. We wouldn't be surprised if he ended up leaving before then. No wait we take that back, that would be going against his contract and may cost him millions. So is James Murdoch ready to take over one of the world's premier media companies? There is a huge possibility that this won't happen for a few more years even after Chernin is out, because Rupe still has some juice in him and may hold on to the CEO title so he can groom James to be the biggest shark in the tank. If and when James does land in Peter Chernin's office, we expect to hear about some resignations immediately following his appointment by daddy. We just hope Peter Chernin wasn't naive enough to think that a man with two grown sons who both worked in the business would have chosen him to take over as CEO because he is the company's number two.