the Wall Street Journal: The changes will include the appointment of Murdoch older son, 43-year-old Lachlan, to the role of co-executive chairman, according to The Toronto Star. The matter of succession is on the agenda at our upcoming, regularly scheduled board meeting, Fox said in a statement Thursday, without elaborating. Murdoch, the company 84-year-old founder, will remain chairman, said the person, who asked not to be identified because the deliberations aren’t public. The Murdochs control Fox, which owns film, cable and broadcast businesses, through a family trust, as well as News Corp., owner of the Wall Street Journal. It a logical succession, Mario Gabelli, chairman and founder of Gamco Investors Inc., said in an interview in New York. A phone-hacking scandal at their now-defunct News of the World newspaper four years ago led to questions in the U.K. about their fitness to lead a media empire and forced the Murdochs to abandon efforts to buy Sky Plc, the European pay-TV provider.
(news.financializer.com). As
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