MUMBAI: Media conglomerate News Corp has announced that its president and COO Peter Chernin has signed a new, five-year employment pact. Chernin has been News Corps president and COO since 1996.
 

New Corp chairman and CEO Rupert Murdoch said, "Peter has been a close and trusted colleague for more than a decade. I am delighted that News Corporation will continue to have the benefit of his dynamic qualities for many years to come.

"He has done a superb job growing and operating our core entertainment businesses in an increasingly challenging global marketplace. Peter is respected throughout our company and the industry for his intelligence, drive and leadership."

Chernin added, "Across the board, this organisation has the most talented, creative and aggressive management team in the business and I consider myself privileged to collaborate with them day in and day out.

"I am also enormously fortunate to have worked side by side with Rupert as News Corporation has become a global media company that today is without peer."

Chernin joined News Corporation in 1989. He joined the company as president of Entertainment of the Fox Broadcasting Company, a position he held for three years. Under his leadership the network launched such hits as The Simpsons, In Living Colour and Beverly Hills 90210. From 1992 to 1996. He also served as Fox Filmed Entertainment CEO. He oversaw blockbusters like Speed, Independence Day and Titanic.