Chernin will leave News Corp.

The Wall Street Journal is reporting News Corp. President and Chief Operating Officer Peter Chernin is leaving the company. His contract is set to expire at the end of June. 

From the story:

Earlier this month, News Corp. Chief Executive Rupert Murdoch demurred when he was asked about the status of contract talks with Mr. Chernin. "Peter and I are continuing our conversations. They're private, that's all there is to it," Mr. Murdoch said on an earnings conference call. In a similar conference call three months earlier, Mr. Murdoch had characterized the talks as "constructive and friendly."

For more click here.