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Endpoint: Peter Chernin

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created on: 19/09/2019
by: Lo55o (9061)

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Peter Chernin (born May 29, 1951, Harrison, New York, U.S.) is an American businessman, film producer, and investor.
He is the chairman and CEO of The Chernin Group (TCG), which he founded in 2010.
TCG manages, operates and invests in businesses in the media, entertainment, and technology sectors. Specifically, the company focuses on three areas: making investments in technology and media companies in the US, developing premium content for film and television, and capitalizing on strategic business opportunities in emerging markets.

Chernin joined Fox in 1989 from Lorimar Film Entertainment, where he served as president and chief operating officer. Earlier, he served as executive vice president of programming and marketing for Showtime/The Movie Channel. Prior to Showtime, Chernin was vice president of Development and Production at the David Gerber Company. He began his career in publishing, first as associate publicity director of St. Martin's Press and later as an editor for Warner Books.

Prior to starting TCG, Chernin served as president and chief operating officer of News Corporation and Chairman and CEO of the Fox Group from 1996-2009. As President and COO of one of the world's largest media companies, he oversaw diversified global operations spanning five continents, including the production and distribution of film and television programming; television, satellite and cable broadcasting and News Corp.'s aggressive expansion into the digital media and internet space.

During his two decades with News Corporation, Chernin gained a reputation as an executive with a unique mastery of both the creative and corporate sides of the entertainment business. He headed both Twentieth Century Fox Filmed Entertainment and, earlier, the Fox Broadcasting Company. He has also had oversight of Fox's tremendous growth in sports, cable and general entertainment television programming and distribution in the U.S. and internationally.

Under Chernin's leadership, Twentieth Century Fox Film Corporation produced the two top-grossing movies of all time, Titanic and Avatar; the Fox Broadcasting Company became the No. 1-ranked network among the key demographic of 18- to 49-year-olds; and Twentieth Century Fox Television, the network production arm of Fox, became the No. 1 supplier of programming to all television networks.

News Corporation's cable network group experienced explosive growth during Chernin's tenure – going from zero to more than 400 million cable subscribers in less than 10 years. Today, Fox has one of the most powerful collections of cable assets in the world: Fox News Channel, FX, Fox Sports Net, Fox Movie Channel, National Geographic Television, SPEED and the Fox Reality Channel. Prior to his 1996 appointment, Chernin served four years as chairman and chief executive officer of Fox Filmed Entertainment where he oversaw all aspects of the studio's worldwide feature-film production, marketing and distribution activities. From 1989 to 1992, Chernin was president of entertainment for the Fox Broadcasting Company, while programming grew from two to seven nights a week during that span.

It was rumored in the media that Chernin was going to leave his position at News Corp. by June 2009, when his contract expired, and that he would be replaced in the position by media executive James Murdoch, youngest son of Rupert Murdoch. On February 24, 2009, the Wall Street Journal reported that Peter Chernin made the decision to leave News Corporation after 20 years, to pursue entrepreneurial ventures. On June 4, 2009 Chase Carey was named Chernin's successor.

Chernin was approached in October 2010 by the Tribune Company to be either CEO or chairman of the board. There was also media speculation about Chernin's having a role in Yahoo!'s future after Carol Bartz's abrupt departure in September 2011. At the All Things Digital's AsiaD Conference in Hong Kong on October 20, 2011, Chernin dismissed that he was interested in pursuing opportunities with the company.

Since his departure from News Corp. in 2009, Chernin has been the chairman of his own company, The Chernin Group (TCG).
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Item number : 28011

Submitted by : Lo55o (9061)
on : 19/09/2019