Rupert Murdoch's son Lachlan to become Fox CEO after Disney deal
Reuters | Wed, May 16, 2018 12:16 EDT
(Reuters) - Twenty First Century Fox's
Lachlan and his father Rupert Murdoch will serve as co-chairmen of the new Fox, while current Chief Financial Officer John Nallen will also take the role of chief operating officer.
Fox agreed last year to sell the bulk of its film and TV assets to Walt Disney in a $52.4 billion deal. It expects to ask shareholders for approval of the transaction this summer.
The company has declined to comment on reports that Comcast Corp
The new Fox will house assets including Fox News, Fox Business Network and sports cable networks, the company said.
(Corrects paragraph 1 to show Lachlan Murdoch will succeed his brother James as CEO.)
(Reporting by Munsif Vengattil in Bengaluru; Editing by Anil D'Silva)
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