Original article by Brooks Barnes
The Australian Financial Review – Page: 13 : 18-May-18
Rupert Murdoch’s 21st Century Fox has advised that Lachlan Murdoch will become CEO and chairman of what has been dubbed "New Fox" if a deal to sell most of its entertainment assets to Disney proceeds. Rupert Murdoch will be co-chairman of what would be a much smaller company, with assets such as the Fox broadcast network and cable channel Fox News. Lachlan Murdoch says the new Fox will be a "leader in news, sports and entertainment". Fox’s current CEO James Murdoch is widely tipped to leave the group and start his own business.
21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY, FOX BROADCASTING COMPANY, FOX NEWS, COMCAST CORPORATION, HULU LLC, NEWS CORPORATION – ASX NWS