By John Glenday

Rupert Murdoch is to stand down as Fox CEO within a fortnight after deciding to hand the reigns of his empire to son James, currently the group’s co-chief operating officer.

The management shake-up will see Murdoch remain as executive chairman, a role he will share with eldest son Lachlan, with Fox’s deputy chairman Chase Carey taking on an executive vice-chairman role.

Commenting on his decision to pass on the baton Murdoch said: “It has always been our priority to ensure stable, long-term leadership for the Company, and these appointments achieve that goal.

“Lachlan and James are each talented and accomplished executives and together, Read full story ›

Source: The Drum