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etvfutures.com May 27, 2018


Lachlan Murdoch, not James, will lead new Fox company

16 May 2018, 11:46 | Cesar Cruz

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

Suzanne Scott has worked at Fox News since its inception more than two decades ago most recently as president of programming for Fox News and Fox Business

Lachlan said: "We have worked through the winter 'standing up" a reimagined independent Fox. "The strengths of the new company, a leader in News, Sports and Entertainment, present truly unique opportunities", said Lachlan Murdoch, 46.

Lachlan Murdoch has served as executive chairman of 21st Century Fox since 2015.

"New Fox", as it has been called, will include the company's major TV channels: Fox News, Fox Business Network, Fox broadcasting and the sports cable networks FS1 and FS2, among others.

James Murdoch will leave 21st Century Fox after most of its assets are sold to Disney, handing executive responsibilities to his elder brother Lachlan.

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During a recent sit-down with Collider, Deadpool himself commented on the Disney-Fox deal, saying - at least from his perspective - although he hasn't heard anything new, the potential acquisition of Fox, whether it be by Disney or Comcast, hasn't affected anything regarding development and plans. They are all assets the company said it would keep after striking a $52 billion-deal late a year ago with Disney for its major TV and film divisions, which include cable channels FX and National Geographic.

According to the announcement, Fox chief financial officer John Nallen will take on the role of chief operating officer as a result of the transaction.

The new Fox, which depends on approval from regulators and shareholders, will mostly be focused on USA news and sport broadcasting. However, Comcast has let it be known that it is strongly considering mounting a rival bid for the 21st Century Fox assets. As expected, the new-model Fox Broadcasting Co. will emphasize live sports and events.

Rupert Murdoch 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 USA audience". But that began to change after Lachlan rejoined the business almost a decade later.



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