Rupert Murdoch Prepares to Step Down as CEO of 21st Century Fox

Rupert Murdoch Prepares to Step Down as CEO of 21st Century Fox

I’m Shocked! I thought Rupert Murdoch would stay with the organization for eternity. Presently, a report guarantees that Rupert is planning to leave from his post as CEO of the media corporation and hand control over to his son!

Rupert purportedly anticipates exchanging the title of CEO of 21st Century Fox to his son, James Murdoch, sources near to the Murdoch family tell CNBC. The declaration is expected in the near future, however regardless of whether this implies that the organization is going to switch things up immediately or toward the end of the year is obscure.

James won’t be running 21st Century Fox without anyone else. James will supposedly work close with his brother, Lachlan Murdoch, who will be a co-executive chairman with his dad, reports Business Insider. Correct, despite the fact that Rupert isn’t running the show, regardless he will be around to verify everything goes right.

Rupert Murdoch purchased a controlling stake in 21st Century Fox in 1984. After two years, the Fox Broadcasting Company took to the air and started Rupert’s media realm in the United States! While he won’t be the CEO of 21st Century Fox, Rupert will purportedly still stay accountable for his other organization, News Corp.

Check Also

Horror Film “The Purge” Has Inspired Copycat Murders

Horror film “The Purge” has inspired copycat murders. Indiana resident Johnathan Cruz is facing 3 …