Lachlan Murdoch to head 21st Century Fox after Disney deal

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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.

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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.

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