Lachlan Murdoch to serve as chairman, CEO of New Fox

Lachlan Murdoch in line for chief executive job at Fox after Disney deal

21st Century Fox has announced that Lachlan Murdoch will serve as chairman and CEO of the proposed "new Fox" following the deal with The Walt Disney Company, while Rupert Murdoch will serve as co-chairman and John Nallen takes on a broader role as COO. Rupert Murdoch will be co-chairman of New Fox.

"We have worked through the winter "standing up" a reimagined independent Fox", Lachlan Murdoch said in the statement.

Rupert Murdoch, 87, added: "The new Fox will begin as the only media company exclusively focused on the domestic market; focused on what Americans love best - sports, news and entertainment, built and delivered for a U.S. audience".

The executive will assume both the CEO and chairman jobs at the company, which is being referred to as New Fox.

Disney would also get Fox's stake in Hulu, which is a joint venture between Disney, 21st Century Fox and Comcast, the parent company of NBC.

Rupert Murdoch will serve as co-chairman of the new Fox, alongside Lachlan. He's expected to move on after the deal with Disney is completed, pursuing his interests in areas such as technology investments.

Apple demands $1 Billion from Samsung for design patent violations
When the Samsung phones arrived, he said, "It was every negative emotion you could imagine". "It felt bitty - just lots of bits". He remarked that he spent two and a half weeks in a factory just trying to make the vibration motor small enough to fit.

Suspect in custody in Dixon High School shooting
UPDATE 9:39 a.m.: KWQC's Emma Hogg was told by a witness that he heard 6-10 gunshots but couldn't see what was going on. All Dixon schools are on lockdown while the investigation proceeds; a news conference will be held later today.

3 candidates to replace Chelsea coach Conte
I think it's a moment [where] the club needs to take risks and if possible work harder than the previous year to be competitive'. Antonio Conte is nearly out the door after a wildly inconsistent season following his maiden-term Premier League title win.

The company remaining after selling the media assets will contain Fox News, Fox Business, Fox Broadcasting, Fox Sports, the TV stations group and cable sports networks including FS1, FS2, Fox Deportes and Big Ten Network. The Wall Street Journal reported this month that James will not take a position with Disney after the Fox acquisition.

Fox agreed previous year to sell the bulk of its film and TV assets to Walt Disney in a $52.4 billion deal.

Further complicating matters USA media company Comcast launched its own £22bn for Sky in April, which caused Sky to withdraw its recommendation to its shareholders to accept the previous Fox offer.

Its brands will include Fox News, Fox Business and Fox Sports.

"The new Fox will begin as the only media company exclusively focused on the domestic market; focused on what Americans love best - sports, news and entertainment, built and delivered for a US audience", said Rupert Murdoch, 87, on Wednesday. But that began to change after Lachlan rejoined the business almost a decade later.

Related news:

Hot News

isis-killer-beheading-video-story-top Florida teacher allegedly drowns raccoons in front of students
May 16, 2018 - 21:40
Regardless of whether the animals killed the chickens raised by the class, Brewton had no business killing them, she said. The findings will then be presented to the state attorney's office, WKMG reports.

isis-killer-beheading-video-story-top Police Officer Shoots Suspect Who Opened Fire At Dixon High School
May 16, 2018 - 21:31
All Dixon Public Schools were initially placed on lockdown, but only the high school remained locked down late Wednesday morning. He said he thinks authorities may be releasing the name and age of the person in custody during the media event.

How Does Clean Energy Fuels Corp. (CLNE) Stack Up Right Now?
May 16, 2018 - 21:21
Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. Perhaps, that suggests something about why 12.13% of the outstanding share supply is held by institutional investors.

isis-killer-beheading-video-story-top Solo: A Star Wars Story - four more posters land
May 16, 2018 - 21:21
The bad guy, crime lord Dryden Vos ( Paul Bettany ), resembles the worst kind of Pierce Brosnan-era "James Bond" villains. Glover also gets some of the best costumes, including a selection of capes a la Screamin' Jay Hawkins.

isis-killer-beheading-video-story-top Total to drop billion-dollar Iranian gas project unless U.S. waives sanctions
May 16, 2018 - 21:21
Total said it could not afford to breach the looming U.S. sanctions against Iran due to its reliance on American banks and shareholders.

isis-killer-beheading-video-story-top Major power breakdown in Punjab, KP after fault in Tarbela Power Plant
May 16, 2018 - 21:16
Spokesman of the Power Division has expressed confidence that electricity would be refurbished to all affected areas soon. The association said it would meet the finance minister today and then announce its next course of action.

isis-killer-beheading-video-story-top Samsung Galaxy J6 (2018) press renders leaked ahead of official announcement
May 16, 2018 - 21:16
This means that the phone should very comfortably last at least a day with moderate use - and perhaps even longer. The phone is heavily expected to be powered by Qualcomm Snapdragon 845 processor paired with 6GB RAM.

isis-killer-beheading-video-story-top Kim Kardashian West Slammed For Promoting Appetite Suppressant Lollipops
May 16, 2018 - 21:14
This week was no different when Kim posted a photo of herself with a red lollipop in her mouth to promote the new appetite suppressant candy.

isis-killer-beheading-video-story-top Assembly Member Leonie Cooper Highlights Mental Health Awareness Week
May 16, 2018 - 17:50
Over four in 10 (42%) admit that awareness and understanding of mental health issues is still quite low across their organisation. The Harbor Bridge lights will be lit green, from May 15 until May 18, in observance of Mental Health Awareness Month.

isis-killer-beheading-video-story-top Market Trends, Forecast And Analysis Of The China Flavored Water Market: 2018
May 16, 2018 - 17:36
The report is beneficial in providing up-to-date and correct Washing Water Softeners market statistics and development aspects. The Packaged Water Treatment System report covers the investigation of conventional and the developing markets .

isis-killer-beheading-video-story-top Marcus Smart calls out JR Smith for 'dirty' play
May 16, 2018 - 17:27
A minor skirmish broke out and Smith was assessed a Flagrant 1, which probably should have been a Flagrant 2 and an ejection. The Celtics just looked like they were playing harder in the fourth quarter, while the Cavs looked lethargic and frustrated.

isis-killer-beheading-video-story-top Google pulling Chrome auto mute functionality after it silenced some web games
May 16, 2018 - 17:20
Google has made it clear that this is a temporary change and that it has been made to give developers time to change their code. To correct that, Google said Tuesday it's temporarily removing the autoplay policy for the Web Audio API from Chrome 66 .

isis-killer-beheading-video-story-top Chlorine likely used in February attack in Idlib, Syria
May 16, 2018 - 17:13
The Syrian American Medical Society said its hospitals in Idlib treated 11 patients for suspected chlorine gas poisoning. Rebels also have been accused of using poison gas.

isis-killer-beheading-video-story-top Top US Senate intelligence Democrat backs Trump CIA nominee
May 16, 2018 - 17:11
The committee's eight Republicans were joined by Democrats Mark Warner of Virginia and Joe Manchin of West Virginia. The vote was 10-5 to recommend Haspel's confirmation. "While her career has been impressive, Ms.

isis-killer-beheading-video-story-top Amazon Web Services takes on Blockchain with Kaleido and Ethereum
May 16, 2018 - 17:09
Amazon Web Solution provides cloud computing services to individual, worldwide companies and government on subscription basis.