Carey resigned in January after News Corp pulled out of negotiations to buy DirecTV, leaving the way clear for EchoStar to acquire its larger US pay-TV rival.
Carey's departure was seen as the biggest management upheaval at News Corp in five years. As Rupert Murdoch's number three, Carey was seen to have overshadowed Murdoch's sons Lachlan and James.
Lachlan joined the board of News Corp in 1996 and took overall responsibility for the company's publishing interests in 1997. He was promoted to post of deputy CEO of News Corp in October 2000.
Earlier this month it was reported that he had started to oversee News Corp's 33 TV stations in the Fox Television Stations group.
However, Lachlan still has some way to go before he steps into his father's shoes at the helm of the company. Murdoch Snr has appointed Peter Chernin as the next chief executive should anything happen to him.
If you have an opinion on this or any other issue raised on Brand
Republic, join the debate in the Forum here.