Lachlan: It would mean president Chase Carey standing aside after six years from the day-to-day running of Fox for 42-year-old James, according to Nine News Australia. While some view the decision as an anointing of James as heir, the 43-year-old Lachlan has also been promoted from a non-executive to hands-on executive co-chairman role with his father, who has not given any indication of retiring. The current CEO 84-year-old media magnate Rupert Murdoch is expected to next week formalise his succession plan and a timetable to hand over the reins at the company board meeting. According to the Murdoch-owned Wall Street Journal, James and Lachlan would run 21st Century Fox similarly to Murdoch and Carey arrangement, with one focused on the long-term and the other the operations. James reputation was damaged when he was engulfed in the British phone hacking scandal, appearing before a 2011 public inquiry because he was running the UK newspaper business at the time. Lachlan is more familiar in Australia, where he lives and has held a series of high profile business roles outside and within News Limited before his resignation in 2005.
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