Corrected: Rupert Murdoch's son Lachlan to become Fox CEO after Disney deal

Lachlan Murdoch in line for chief executive job at Fox after Disney deal

Lachlan Murdoch in line for chief executive job at Fox after Disney deal

Rupert Murdoch will be co-chairman of New Fox. "The strengths of the new company, a leader in News, Sports and Entertainment, present truly unique opportunities", Lachlan Murdoch said.

Disney would acquire Fox's film and television studios, its FX and National Geographic cable networks, Fox's regional sports networks, its stakes Hulu and in United Kingdom pay TV provider Sky, as well as Star India.

James Murdoch will leave 21st Century Fox after most of its assets are sold to Disney, handing executive responsibilities to his elder brother Lachlan. However, seeing as amongst the intellectual properties owned by 21st Century Fox are several highly sought after Marvel characters, including Deadpool, the Fantastic Four, and the X-Men, the MCU fandom has taken notice.

John Nallen, the company's current chief financial officer, will take a bigger role at New Fox as chief operating officer. Speculation about James at the time of the deal centered on a possible role at Disney, where CEO Bob Iger's contract had been slated to end in 2019, and an heir apparent was not in place.

The deal with Disney, which was announced in December, will see Disney acquire assets such as European satellite TV company Sky, the Twentieth Century Fox film and TV studios, cable network FX, Indian satellite group Star India and a stake in streaming service Hulu.


In recent months, James has distanced himself from the politics espoused by his father and the company's flagship channel, Fox News.

Fox agreed past year to sell the bulk of its film and TV assets to Walt Disney in a $52.4 billion deal.

The company has declined to comment on reports that Comcast Corp is preparing a rival all-cash offer for the same Fox assets.

Its brands will include Fox News, Fox Business and Fox Sports.

Rupert Murdoch added: "The new Fox will begin as the only media company exclusively focused on the domestic market; focused on what Americans love best - sports, news and entertainment, built and delivered for a United States audience".

Recommended News

  • Top lawyer at Novartis to step down amid Michael Cohen scandal

    Top lawyer at Novartis to step down amid Michael Cohen scandal

    Novartis said it stopped using Essential's services, but couldn't break the contract and paid him for the next 11 months. It was part of efforts to learn more about how the Trump administration might approach US healthcare, Novartis said.
    Apps on Google Play

    Apps on Google Play

    Google said last week that it plans to offer over 1,0000 magazine titles you can follow by tapping a star icon or subscribing to. You can sort by the latest stories, as well as topics such as business, technology, sports, science, entertainment, and health.
    Windrush migrants deported from the UK, Javid admits

    Windrush migrants deported from the UK, Javid admits

    Although Mr Javid stressed the figure was provisional, his admission gave an indication of the scale of the exercise facing the Home Office.
  • Alabama football finalizes home-and-home series with Texas

    Alabama football finalizes home-and-home series with Texas

    The two were set to have a home-and-home in 2022-23, but that has now been moved back to 2025-26 to accommodate Alabama vs. Alabama and Texas announced a home-and-home series Wednesday that will feature games during the 2022 and 2023 seasons.
    A Phony Vote on 'Net Neutrality'

    A Phony Vote on 'Net Neutrality'

    Brian Schatz of Hawaii, Ranking Democrat on the Senate Subcommittee on Communications, Technology, Innovation, and the Internet. House of Representatives will even vote on the issue or President Trump would impart his required signature on the matter.
    Microsoft plans to take on iPad with low-priced  Surface tablets

    Microsoft plans to take on iPad with low-priced Surface tablets

    The existing Surface Pro tablets use Intel processors with SSD storage, similar to the CPU chips seen in the 12-inch MacBook. Microsoft is reportedly working a smaller, cheaper alternative to the Surface Pro.
  • Storm in northeast US kills two, causes power outages

    Storm in northeast US kills two, causes power outages

    It was estimated that 108,000 homes were without power on Tuesday night, the Hartford Courant daily reported. Most winds were 60-70 miles per hour while a few reached over 70, CNN meteorologist Taylor Ward said.
    Paddy Power Betfair close to buying FanDuel

    Paddy Power Betfair close to buying FanDuel

    FanDuel , founded in Edinburgh , is backed by private equity firm Kohlberg Kravis Roberts, Google Capital and NBC Sports Ventures. It is a major player in the USA fantasy sports market, where players pick teams and compete against others for cash prizes.
    Nationalise the railways: East Coast train line entering public control

    Nationalise the railways: East Coast train line entering public control

    VTEC is the third private operator to fail to complete the full length of a contract to run services on the East Coast route. Transport secretary Chris Grayling is expected to announce the fate of the East Coast rail franchise "within days".
  • Republican senator says EPA chief must slow refinery waivers or resign

    Republican senator says EPA chief must slow refinery waivers or resign

    Marked "For Official Use Only", the internal summary was then improperly made public, Elkins said. The request for the email investigation came from Democratic Sens.
    Miracle Mile Advisors LLC Bought New Stake in NXP Semiconductors (NXPI)

    Miracle Mile Advisors LLC Bought New Stake in NXP Semiconductors (NXPI)

    NXP Semiconductors N.V. ( NXPI ) indicated a yearly performance of 3.62% while year-to-date (YTD) performance stood at -5.42%. This based on a 1.0-5.0 numeric scale where Rating Scale: 1.00 Strong Buy, 2.00 Buy, 3.00 Hold, 4.00 Sell, 5.00 Strong Sell.
    Metro Exodus Has Been Postponed Until Q1 2019

    Metro Exodus Has Been Postponed Until Q1 2019

    THQ Nordic has stated in a financial report that Metro: Exodus , which was planned for a Q4 2018 release, will now be pushed back into Q1 2019.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.