News Corp and 21st Century Fox Inc. separately said Wednesday
that Lachlan Murdoch has been named nonexecutive co-chairman of the
two companies.
Mr Murdoch said in a statement that News Corp "has the energy
and sensibility of a start-up and is at the cutting edge of change
in the media, publishing and education industries."
Mr. Murdoch's "experience, acumen and enthusiasm will serve us
well as we guide News Corp and its businesses through this era of
digital transformation and global expansion," News Corp Chief
Executive Robert Thomson said in a statement.
21st Century Fox said Lachlan Murdoch's brother, James, has been
elevated to the position of co-chief operating officer. Prior to
this appointment, he served as 21st Century Fox's deputy chief
operating officer and chairman and CEO, international.
The company said James Murdoch will partner with Chase Carey,
21st Century Fox's chief operating officer and president, to "set
the strategic direction and drive momentum" across the company's
global portfolio of assets. James Murdoch will also have direct
responsibility for Fox Networks Group and the strategic and
operational development and of 21st Century Fox's owned and
controlled interests in the pay-TV Sky and Star services in Europe
and Asia, respectively.
Lachlan and James Murdoch are sons of Rupert Murdoch, who is
chairman and chief executive of 21st Century Fox and executive
chairman of News Corp.
The Wall Street Journal is owned by News Corp, which was a part
of the same company as 21st Century Fox until June 2013.
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