Reports: Rupert Murdoch's son to take over as Fox CEO
The 84-year old CEO is expected to hand the reigns down to his son, James Murdoch
Rupert Murdoch is preparing to hand over the CEO job at Twenty-First Century Fox Inc. to his son, James, according to multiple media reports.
James Murdoch, 42, is the company's co-chief operating officer. His brother Lachlan, 43, currently non-executive co-chairman at Fox, will become executive co-chairman along with his father, according to the reports.
Fox News reported the pending move in a story attributed to Rupert Murdoch on its website. CNBC first reported the plans on sources close to the situation who requested anonymity.
Rupert Murdoch, 84, one of the world's most powerful media barons, is also the chairman and controlling shareholder of the company behind Fox News Channel, Fox broadcast network and the 20th Century Fox movie studio, through a family trust that owns shares.
J.K. Rowling takes on Rupert Murdoch after tweet about MuslimsIn a tweet sent on Sunday, Rowling wrote: ‘I was born Christian. If that makes Rupert Murdoch my responsibility, I'll auto-excommunicate’ Variety
Rupert Murdoch slammed for blaming Muslims in Paris attacksMurdoch said Muslims should fight the “growing jihadist cancer” among the religion’s followers Digital
Rupert Murdoch mocked after ‘Egyptians are white’ tweetshe tweet was met with an avalanche of ire as twitter users were shocked at the 83-year-old’s remarks Digital
Clooney to make film about British phone hacking scandal“Hack Attack” will be about the hacking scandal surrounding Rupert Murdoch’s new empire Television & Radio