Magazine article Screen International

Rupert Murdoch to Hand over Reins at Media Empire

Magazine article Screen International

Rupert Murdoch to Hand over Reins at Media Empire

Article excerpt

A spokesperson for 21st Century Fox said the succession issue was on the agenda at the next regular board meeting.

The story speculated that Rupert Murdoch, the controlling shareholder, would stay involved as executive chairman at Fox while his older son and Fox non-executive co-chairman Lachlan, 43, would relocate from Australia to Los Angeles to become executive co-chairman.

Both would work with James, the 42-year-old current co-COO of 21st Century Fox, in an arrangement that leaves unresolved the question of which brother will ultimately assume control of a business that encompasses lucrative film and TV divisions.

That one of the brothers will eventually control the empire their father spent decades building from scratch will come as little surprise to media analysts.

However there is no denying that if the plan is ratified by the board, the promotion of James represents a stunning revival of fortunes. …

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