phone hacking scandal: You’re coming back to New York, or you’re out, he had told him, according to The Independent. James Murdoch talking to members of the British parliament The elder man got his way, and that may have been the start of the healing process. Amid the fall-out from the inquiry into the phone hacking scandal, an article in the New York Times suggested that the Mr Murdoch had issued an ultimatum to his son. Now we know that the 84-year-old Rupert Murdoch intends to install his younger son as CEO of Twenty-First Century Fox Inc, a job the media baron has himself held since 1979. New York CNBC channel, the first to break the news on Friday moring, said that while James Murdoch will take over the day-to-day management of Fox, Lachlan will work on broader strategy for the company. Reports said Mr Murdoch elder son, Lachlan, 43, who for many years was at loggerheads with his father, is to take up the position of executive co-chairman along with his father.
(news.financializer.com). As
reported in the news.
Tagged under phone hacking scandal, New York topics.