Star TV Executive Chairman Gareth Chang resigns

A press release issued this morning said that Chang was resigning from his senior positions in News Corp too. In the interim, News Corp No 2 Chase Carey and James Murdoch will function as co-chairmen while deputy chief executive Bruce Churchill will take over day to day operations of Star TV in Asia.

The resignation of Gareth Chang comes at a time when News Corp boss Rupert Murdoch is consolidating all his DTH ventures and attempting to float them on the stockmarkets. IPOs for Star TV Asia and India are also on the anvil.