Rupert Murdoch is reportedly preparing to step down from his role as the chief executive of 21st Century Fox to make way for his son James.
According to CNBC, Rupert Murdoch is to become the executive chairman of 21st Century Fox. His youngest son James will take the role of chief executive. Rupert Murdoch was previously chairman and chief executive of the company.
As part of the changes Rupert Murdoch’s older son Lachlan is to become a co-executive chairman of 21st Century Fox.
Rupert Murdoch was chairman and chief executive of News Corporation until it was split into an entertainment arm, 21st Century Fox, and a publishing company, News Corp, in 2012.
At the time of the split Rupert Murdoch took both the role of chief executive and chairman of 21st Century Fox but just the position of executive chairman at News Corp. Robert Thomson is the chief executive of News Corp.
This article first appeared on campaignlive.co.uk.