Lachlan Murdoch to head 21st Century Fox after Disney deal

Business Leaders Meet In Sun Valley Idaho For Allen And Co. Annual Conference

Media giant 21st Century Fox has announced its executive chairman, Lachlan Murdoch, will take over from father Rupert as chairman and CEO of the proposed "new Fox" business.

Lachlan Murdoch will serve as chairman and chief executive of the "New Fox", to be formed after the proposed sale of most of 21st Century Fox's film and TV assets to Disney, with Rupert Murdoch serving as co-chairman of new company alongside his son. It's no huge surprise that Lachlan Murdoch will serve as chairman and CEO.

The maker of Family Guy and The Simpsons confirmed the operations of the "New Fox" due to be formed by the sale of its film and television studios, and a clutch of global assets including Sky, will be led by 46-year-old Lachlan.

The Disney purchase is still pending approval from shareholders and regulators, and recent news has cast the fate of the Fox assets in doubt.

John Nallen, who now serves as chief financial officer of 21st Century Fox, will move into the role of chief operating officer of New Fox, while Rupert Murdoch will serve as co-chairman of the new company.

President Trump repeats misleading claim about Iran's military budget
Protesters burned an American flag and railed against the USA and Israel after emerging from Friday prayers in Tehran . Iran's deployment of troops to the country to help President Bashar al-Assad has alarmed Israel.

It will own broadcasting rights to the National Football League (NFL), Major League Baseball, the football world cup and motor sport brand Nascar.

Comcast, the largest U.S. cable channel, is said to be preparing financing for a potential counterbid for the Fox operations. He also now serves as co-chairman of News Corp and executive chairman of NOVA Entertainment, an Australian media company.

21st Century Fox chief financial officer John Nallen will take a broader position as chief operating officer, but no role for the group's current president, Peter Rice, was included in today's announcement.

Current CFO, John Nallen, will move into the expanded role of COO, the company said in an emailed statement. But that began to change after Lachlan rejoined the business almost a decade later. "The strengths of the new company, a leader in News, Sports and Entertainment, present truly unique opportunities", said Lachlan Murdoch.

Related News:



Most liked

Play Rainbow Six Siege for free this weekend
De Luca earned her understanding of Italian firearms through the family business and training on the shooting range. This will be provided via a mandatory download distributed for free on Xbox One , PlayStation 4 and PC.

Sensex zooms 260 points as BJP takes the lead in Karantaka
Markets ended marginally lower on Tuesday amid poll trends indicating that Karnataka may get a hung assembly. The NSE Nifty50 index was down 83 points at 10,718, while the BSE Sensex was 240 points down at 35,304.

Polls close in wide-open Pennsylvania primaries for House, Senate
Pennsylvania could send at least three women Congress next year, breaking the all-male hold on the state's 18-member U.S. Casey is one of 10 Democratic senators who represent a state won by Trump, putting a target on his back for Republicans.

Officer and four attackers dead in Indonesia police station assault
The string of attacks comes as Indonesia, the world's most populous Muslim country, welcomes the first day of Ramadan. State news agency Antara said two journalists who had been at the police headquarters were also hurt in the attack.

ICSE, ISC results: Pass rates dip, more top-graders this year
Ruling out coaching classes entirely, she emphasised that self-study and her classes in school buoyed her up for the exams. While a parent said, "We have supported our children as the curriculum is tough and includes a serie of tests".

Browns coach Hue Jackson set to jump in Lake Erie
He vowed that he would go jump in a lake if the Browns finished without more than a single win the following season. If that miracle cleanse somehow works and fixes the Browns, then we should all probably think about jumping in.

Stephen Hawking memorial service 'open to time travellers'
The physicist could have an answer next month - as his family have invited time travellers to turn up to his memorial service . Professor Hawking, who died on March 14 , 2018 at the age of 76, believed time travel could be achieved.

Russian Federation qualify after Spain, Belgium and Romania sanctioned
The loser of that clash will go into the final repechage competition for the chance to qualify for the World Cup. The victor will play Samoa in a World Cup play-off for the right to join Ireland's Pool A at Japan 2019.

Kia to introduce 48v mild-hybrid diesel technology
If the battery has sufficient charge, the combustion engine turns off automatically during in-gear deceleration and braking. By electronically controlling the MHSG using the inverter, the system switches between two modes: "motor" and "generator".

Japan economy ends two years of growth
GDP is expected to be flat on quarter and slip 0.1% on year after adding 0.4% on quarter and 1.6% on year in the three months prior.

Groups sue to stop Iowa's 'fetal heartbeat' abortion ban
ACLU of Iowa Legal Director Rita Bettis said no state or federal court has upheld an abortion law that is this restrictive. Supreme Court in the belief that the 5-4 conservative majority could curtail abortion access or ban it outright.

Wall Street stocks slide as Treasury yields surge
Stocks are broadly higher at midday on Wall Street as investors hope that trade tensions will ease between the US and China. The Dow's eight-session winning streak came to an abrupt end as Treasury yields spiked, returning to multi-year highs.

Khloe Kardashian Reveals Why She 'Can't Wait to Get Back to LA'
The new mom's clapback was swift and powerful, replying back: "I mean. her dad is black silly". Kim said that Khloe is doing really good and is just in awe of her baby girl.

Veteran voice actor Nolan North to receive BAFTA Special Award
I don't think [the abuse] will ever leave any of them, but she is fearless enough to go through it again with us to film it. The Handmaid's Tale , financed and first released through USA streaming service Hulu, won Best International Drama.

US Sanctions Iran's Central Bank Governor, Alleges Hezbollah Ties
Treasury Department also issued economic sanctions against another top official, in addition to Seif. President Trump in April said Iran would pay a "price" if it threatens the U.S.