Murdoch to step down as 21st Century Fox chief executive

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Rupert Murdoch is preparing to step down as chief executive of 21st Century Fox, sources close to the company say.
His son James will take over the role, while his other son Lachlan will become executive co-chairman.
The 84-year-old Rupert Murdoch will remain as executive chairman at the company and still have the final say in matters.
The company said the matter of succession would be discussed at the next board meeting, but would not comment further.
James Murdoch, 42, has been acting as co-chief operating officer at Fox after leaving his job running BSkyB. His new role will entail running the day-to-day business …Read More

Source:: New Mail