James Murdoch has been announced as the head of 21st Century Fox by Rupert Murdoch. However, the experts still feel that Rupert Murdoch will play an active role in the management of the organization. The media mogul aged 84 years, recently announced that his son will take care of the management affairs of 21st Century Fox.
21st Century Fox was formed in 1979 and since then, the company is running under the leadership of Rupert Murdoch. The company keeps hold on the operations of National Geographic, FX, Fox Broadcasting and 20th Century Fox movie studio. The Murdoch family also keeps a track of media businesses under the News Corp label.
Lachlan Murdoch, the elder brother of James Murdoch will serve as the co-executive chairman of the company, while Rupert will remain as the executive chairman. The influence of Rupert Murdoch will be heavily felt under the leadership of his son. The experience of Rupert Murdoch in the industry will impart something useful to his son and inspire him for acquiring great leadership skills alike him.
James Murdoch had previously served as the chief executive for News Corp’s international operations. The British newspapers that are owned by the Murdoch family were also in control of James Murdoch.
James was also responsible for managing the expansion of Sky Satellite TV brand in Germany and Italy. The stakes for the same were sold for nearly $9.3 billion. However, the phone scandal that came out in public harmed the interests of James Murdoch. The move made by Rupert Murdoch might be a step towards building a brand image for James Murdoch after the phone scandal.
The Wall Street Journal is also owned by News Corp. Apart from this, Harper Collins book publishing business and New York Post among the other media properties are also owned by the Murdoch family.