Fox Corporation and News Corp chairman Rupert Murdoch is to step down from his roles at both companies. Murdoch, who is 92, will step back from day-to-day oversight to become chairman emeritus, handing control to his eldest son Lachlan Murdoch, who becomes chairman of News Corp and exec chair & CEO at Fox. The elder […]
‘New Fox’ the part of 21st Century Fox that will remain following Disney’s acquisition of the bulk of Fox’s entertainment assets, could buy back the US regional sports networks that Disney must sell to secure regulatory approval for the deal, according to Fox executive chairman Lachlan Murdoch. Speaking at the New York Times Dealbook conference […]
Lachlan Murdoch, the future chairman and CEO of Fox after Disney purchases key assets from the company, has revealed leadership appointments across distribution, ad sales operations and corporate functions. As Disney looks to close its $71.3bn deal for key Fox entertainment assets, ‘New Fox’ will be home to branded properties such as Fox News Channel, Fox […]
Twenty-first Century Fox (21CF) has named Lachlan Murdoch (pictured) as the executive chairman and chief executive officer for the proposed ‘New Fox’, which will be established as Disney purchases Fox assets in the coming year. The new structure will also see Rupert Murdoch serving as co-chairman and John Nallen, 21CF’s chief financial officer, taking a […]
21st Century Fox remains confident that it will secure regulatory approval for its acquisition of Sky by the middle of this year, despite the Competition And Markets Authority’s provisional ruling in January that the deal was “not in the public interest”. The UK competition watchdog provisionally blocked the takeover on the grounds that the acquisition […]
The progress of live-streaming TV services reaffirms the strength of pay TV bundles, according 21st Century Fox executive chairman Lachlan Murdoch. He said that while the pay TV industry had lost around 2% of subscribers over the past year, those gained from the likes of YouTube TV and Hulu Live, plus growth at new cable […]
Australian commercial broadcaster Network Ten is facing receivership after major backers Lachlan Murdoch and Bruce Gordon pulled their backing. Ten has ceased trading shares after a letter to the Australian Securities Exchange (ASX) revealed Murdoch’s Illyria and Gordon’s Birketu would stop financing the network on December. Ten has a number of expensive output contracts in […]
Highlights from 21st Century Fox’s first investor call since Rupert Murdoch stepped down as CEO included Lachlan Murdoch saying the content giant did not have “material gaping holes”, but would continue to look at opportunistic” acquisitions. Murdoch Sr became co-executive chairman on July 1, with his sons Lachlan and James taking over the day-to-day running […]
21st Century Fox has confirmed James Murdoch will succeed his father Rupert as company CEO. Following the changes, which take effect on July 1, Murdoch Sr. and his other son, Lachlan, will be executive co-chairman of the US-based media giant, with James moving up from his current COO post. While the 84-year-old Murdoch Sr. will […]
