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Friday 12 June 2015

Rupert Murdoch Stepping Down As CEO of 21st Century Fox

Media mogul, Rupert Murdoch steeping down as CEO of 21st Century Fox and will be handing over the leading roles of his media empire to his sons James and Lachlan.

According to emerging reports, Mr. Murdoch is expected to name his son James to succeed him as chief executive of 21st Century Fox, the entertainment company that includes cable and broadcast television networks, film studios and satellite companies.
Rupert Murdoch. Image credit: abc7chicago.com
He also is expected to elevate his son Lachlan to the role of co-executive chairman of the company. Lachlan, 43, is moving from Australia to Los Angeles and will work in partnership with James, 42, New York Times reported.

Rupert, 84, will reportedly remain at the company as executive chairman.


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