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LOS ANGELES
Peter Chernin will relinquish leadership of the Fox Group, News Corp. announced. Chernin, president and chief operating officer of the group, will leave when his contract expires June 30, after putting in 20 years with News Corp.

Chernin will launch a “Fox-based production company” later this year, while News Corp. chief Rupert Murdoch will take up oversight of the Fox Group until a successor can be found. The group includes the Fox broadcast network, TV stations, MyNetworkTV, Star, Foxtel and Fox Sports Australia.

The Australian mentioned several possible successors, including former News Corp. executive Chase Carey, now the head of DirecTV, which John Malone wrested from News Corp. Another name was James Murdoch, the chief’s 36-year-old son.