HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Lachlan Murdoch to replac...

Wed May 16, 2018, 05:09 PM

 

Lachlan Murdoch to replace brother James as Fox CEO after Disney deal

Source: Reuters

MAY 16, 2018 / 12:49 PM / UPDATED 3 HOURS AGO

(Reuters) - Twenty First Century Fox’s (FOXA.O) Chief Executive Officer James Murdoch will leave the company and be succeeded by brother Lachlan once the company sells off its TV and film assets to Walt Disney Co (DIS.N).

James, younger son of the media tycoon Rupert Murdoch, decided months ago that he will pursue an opportunity of his own after quitting Fox, a source familiar with the matter told Reuters on Wednesday.

Lachlan and Rupert Murdoch will serve as co-chairmen of the new Fox, while current Chief Financial Officer John Nallen will also take the role of chief operating officer.

Fox agreed last year to sell the bulk of its film and TV assets to Walt Disney in a $52.4 billion deal. It expects to ask shareholders for approval of the transaction this summer.



Read more: https://www.reuters.com/article/us-fox-m-a-disney/lachlan-murdoch-to-replace-brother-james-as-fox-ceo-after-disney-deal-idUSKCN1IH241



They should have sold everything to Disney, whose movies are WAY more realistic than Fox 'News' has ever been!

1 replies, 838 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply Lachlan Murdoch to replace brother James as Fox CEO after Disney deal (Original post)
luc mont Wednesday OP
democratisphere Wednesday #1

Response to luc mont (Original post)

Wed May 16, 2018, 05:19 PM

1. Disney would have been the perfect owner for the fox propaganda

network's "Land of Make Believe" operations.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread