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Chernin’s Contract Negotiations Ongoing With News Corp; How About Leading Yahoo?

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News Corp COO Peter Chernin is still in negotiations with his company about extending his contract beyond June next year, and isn’t sure whether he wants to stay there long term, reports the LAT, citing unidentified sources. In normal circumstances, he would have been re-upped for five years, but he may decide to leave or do a shorter 2-3 year contract, the story says. Of course, this could all just be a negotiating ploy. He has been the president and COO at the media conglom for the last 12 years, and has in large part been responsible for the company’s digital forays. In the Q308 earnings call earlier this month, when asked about the contract negotiations, Chernin demured but Murdoch called them