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Wed May 16, 2018, 04:09 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!

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Reply Lachlan Murdoch to replace brother James as Fox CEO after Disney deal (Original post)
luc mont May 2018 OP
democratisphere May 2018 #1

Response to luc mont (Original post)

Wed May 16, 2018, 04:19 PM

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

network's "Land of Make Believe" operations.

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