Reports Rupert Murdoch to step down as CEO of 21st Century Fox with sons to be elevated

June 12, 2015 11:14

Lachlan Murdoch

Media mogul Rupert Murdoch is reported to be planning to step down as CEO of 21st Century Fox in a move that would see sons James and Lachlan Murdoch take the CEO and executive co-chairman roles respectively.

News Corp owned The Wall Street Journal reports Murdoch will step down as CEO as early as this year in a move that is largely seen as succession planning for his media empire.

The move comes a year after Lachlan Murdoch was named co-chair of sister company News Corp and comes at a time of growing speculation about whether the Murdochs are preparing for a leadership change in its Australian operations.

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Nic Christensen

Nic Christensen worked for Mumbrella from 2013 to 2016, in roles including deputy editor and media & technology editor. He is former media writer for The Australian and has also worked as a reporter for The Daily Telegraph and senior producer for Radio 2GB.

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