Exec clicks with News

Philips upped to exec veep

NEW YORK — When it comes to the Internet, News Corp. is picking up right where it left off.

The company has promoted Jeremy Philips to executive VP in a move that gives the 33-year-old official oversight of all potential Internet deals and could further ratchet up the company’s Net plays.

Previously the role fell to a number of execs, including Philips and Fox interactive chief Ross Levinsohn.

Philips will not be responsible for integrating or running those acquisitions.

The Australia-based conglom went on an Internet tear in 2005, acquiring vidgame community IGN, sports-fan network Scout.com and the company that owns MySpace.com., spending more than $1 billion in the process.

News Corp. prexy Rupert Murdoch has been vocal about making more Internet plays in 2006 and is thought to be especially interested in a pact for a search engine. Company was considered an early player in the AOL sweepstakes.

Philips, a McKinsey alum, also will serve on News Corp.’s management committee.

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