Redmond, Wash. - Former News Corp. (NYSE: NWS) president Peter Chernin and Microsoft (NASD: MSFT) have held talks on creating a dedicated TV channel for the Xbox 360 video game console, Bloomberg reported, citing two people with knowledge of the proposal.

The channel would reportedly be jointly owned by Chernin and Microsoft, and offer both original programming and reruns to Xbox Live subscribers for a monthly fee of $1 or $2.

Currently, Microsoft offers a range of downloadable and streaming content to the Xbox 360, including content from Netflix.

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(Bloomberg)

New York - News Corp. (NYSE: NWS) announced on Thursday that it has hired Chase Carey, CEO of the DirecTV Group (NASD: DTV), to be its new deputy chairman, president and chief operating officer.

Carey spent 15 years as a senior executive at News Corp., before leaving to take the CEO spot at DirecTV in 2003.

He will join the News Corp. board when departing COO Peter Chernin steps down as a director on July 1.

"Chase has been one of my closest advisors and friends for years and I [...].

Los Angeles - Following four weeks of private talks between Screen Actors Guild (SAG) interim executive David White and several top studio executives, including Disney (NYSE:  DIS) CEO Bob Iger and News Corp. (NYSE:  NWS) president Peter Chernin, the two sides are "very close" to resolving most of the sticking points holding up a labor contract deal, the Los Angeles Times reported, citing "people familiar with the situation."

Hollywood actors have been working without a contract for the past nine months.

Studios are reportedly ready to capitulate on one major [...].

New York - Media tycoon Rupert Murdoch’s News Corporation (NYSE:  NWS) announced on Tuesday that president and COO Peter Chernin, also CEO of the Fox Group, will leave the company when his contract expires on June 30. "Peter’s contributions to the Company over the past two decades have been immeasurable," said News Corp. chairman and CEO Rupert Murdoch. "It is understandable that at this stage in his life he would want to do something new after serving News Corporation and our shareholders so well for so long."

"This [...].

Warsaw - News Corporation has no plans to pull its TV programming from Apple's iTunes Store, unlike fellow producer NBC Universal, which recently did so after negotiations with Apple over pricing and other issues stalled, Reuters reported.

"Right now we have a perfectly good relationship with Apple," News Corp. president and COO Peter Chernin told Reuters while traveling in Poland.

"But let me say this, we're the ones who should determine what the fair price for our product is, [...].