12th Jun 2015 05:55
LONDON (Alliance News) - Rupert Murdoch is set to hand down control of 21st Century Fox to his son James Murdoch, with his other son Lachlan Murdoch to become co-chairman of the company.
Rupert Murdoch will remain as executive chairman, the Financial Times reports.
Murdoch founded FTSE-100 listed Sky PLC, and 21st Century Fox holds a 39.18% interest in Sky.
http://www.ft.com/fastft/343722/rupert-murdch-step-down-fox-ceo-report
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
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