James Murdoch: From hacking scandal to Fox CEO | Singapore Informer

James Murdoch has regained his status as heir apparent at his father’s media empire just four years after a phone-hacking scandal in the U.K. threatened his ascent.

Rupert Murdoch is preparing to step down as chief executive officer of 21st Century Fox Inc. and hand the title to 42-year- old James, according to a person familiar with the matter. His older brother, Lachlan, would become co-executive chairman, the person said.

The changes would mark a long-awaited generational succession for the 84-year-old Murdoch, but the question has always been which of his children would succeed him: A year ago Lachlan, 43, was seen as a contender again when he returned to the family business after nine years in Australia. Meanwhile Elisabeth, 46, a successful businesswoman on her own in the U.K., has been in and out of her father’s empire.

James’s promotion to a CEO job would have seemed unlikely in July 2011, when he stood before the U.K. Parliament with his father and swore he had no knowledge of phone-hacking at the family’s News of the World tabloid in London, including the interception of messages on a murdered school girl’s phone.

© Antonio Heredia/Bloomberg James Murdoch has regained his status as heir apparent at his father’s media empire just four years after a phone-hacking scandal.

James was 38 then, and a rising star in his father’s media empire News Corp., which at the time included the Fox film studios, cable channels and newspapers like the Wall Street Journal. James was the head of international operations as well as chairman at Sky Plc,…

Source link

© 2022 SingaporeInformer - WordPress Theme by WPEnjoy