Murdoch to step down as chief executive of 21st Century Fox: reports
June 12 , 2015
Media mogul Rupert Murdoch is readying to step down as chief executive of 21st Century Fox, media reports say.
His son, James Murdoch, is likely to take over as chief executive. His second son, Lachlan Murdoch, is set to become executive co-chairman. Rupert Murdoch, 84, will remain as the company’s executive chairman, reports indicate.
James, 42, has been the Fox co-chief operating officer.
Entertainment company 21st Century Fox came into existence after it broke away from Newscorp.