Rupert Murdoch to Step Down as Chief of Twenty-First Century Fox
The media mogul will step down as chief executive of his global film and television empire. His youngest son, James, will assume control.The media mogul will step down as chief executive of Twenty-First Century Fox Inc., his global film and television empire. His youngest son, James, will assume control.
The Guardian reports:
Murdoch is expected to continue as executive chairman of the company with his eldest son Lachlan Murdoch becoming an executive co-chairman.
The restructuring marks the first time the three Murdochs will run the global film and television business without a layer of senior management outside the family.
The appointments will not necessarily clarify which of Murdoch’s sons eventually takes over the running of the global media business although the 84-year-old’s decision to stand down as chief executive suggests that the issue of succession has become more pressing.
Read more here.
— Posted by Alexander Reed Kelly.
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