Turns out the rumors were correct, DirecTV has officially announced CEO Chase Carey is resigning as of July 1, and a search for a successor is "under way." Of course, there's no word if the subsequent speculation that the company's next move after its spinoff/merger is a sale to AT&T is at all accurate, but we're sure there will be plenty of viewpoints on the subject in the weeks and months to come.

According to an Associated Press source, DirecTV CEO Chase Carey is in talks to return to News Corp. as Rupert Murdoch's second in command, which at least one analyst believes could be an indication the company will be sold outright soon, possibly to AT&T. Check out the read links for the business details, we're just wondering how a more permanent marriage of the satellite company and U-verse would work.

Read - AP source: DirecTV CEO in talks to join News Corp
Read - Analyst: Carey Departure = DirecTV Sale

DISH Network and News Corp's satellite subsidiary NDS Group in California have been involved in an industrial espionage lawsuit for years now, but there was some big drama in court today: a hacker by the name of Christopher Tarnovsky (who used the handle "Big Gun," among others) testified that NDS hired him to create a device called "the stinger" that could reprogram DISH Network access cards. DISH lawyers say the plan was to flood the market with hacked cards, which would cost the satellite company $900M in revenue and repair costs. Unsurprisingly, NDS (which supplies DirecTV, among others), says that it hired Tarovsky only to reverse-engineer DISH's cards for competitive reasons, and Tarnovsky himself says that he believes "someone is trying to set him up." Sure, sure -- but no one's explaining why he was mailed mobile electronics from Canada with $20K in cash stashed inside, or why he was officially on the payroll of HarperCollins, a totally different NewCorp subsidiary, for more than 10 years. Sketchy sketchy -- and we thought satellite hacking was dead.

Read - Reuters article about Tarnovsky's testimony
Read - 2002 article about Tarnovsky and NDS

While DirecTV tends to garner a lot of negative attention, all the fuss apparently doesn't bother Liberty Media's CEO John Malone, as the firm has recently signed a deal to swap its 16.3-percent stake in News Corp. for "shares of DirecTV, three regional sports networks and $550 million in cash." Liberty, who already controls several other TV networks such as Starz, is hoping to jump back to the forefront of television by assuming News Corp.'s three seats on DirecTV's board of directors. Interestingly, Malone stated that the new investment would "create financial, operating, and strategic flexibility," which could eventually freshen up the previously stale merger talks between DirecTV and Echostar -- but considering Liberty Media still won't have a controlling stake in the company, we're not holding our collective breath.

That was the gist of a presentation by News Corp president Peter Chernin Tuesday. He said that consumers with high priced home theater systems would be "desperate consumers" of such offerings. Apparently his plan calls for "rental" releases via cable and satellite 60 days after they hit theaters. They think this could create new market for "home premieres" between the theatrical release and typical DVD windows.

So wait, you want me to see the movie in the theater, download it, then buy it on DVD? So instead of producing better movies that people want to come out and see, the movie industry just plans on consumers being willing to pay to see the same movie overandoverandover.....sounds like TNT's weekend lineup.

This plan seems really bad, Philip Swann at TV Predictions doesn't sound too enthused and neither does Henning at HDBlog. Are we all missing the point and there is actually a huge market for this or do you think it will crash and burn?

[Via digg]