Knoxville News

Commentary - The Heritage Foundation

The Daily Caller

Rupert Murdoch to hand over Fox reins

Rupert Murdoch, the 84-year old media baron, will hand over the chief executive reins at entertainment conglomerate Twenty-First Century Fox Inc to his 42-year-old son James, a source familiar with the situation said on Thursday.

Fox Chief Operating Officer Chase Carey will step into an advisory role as part of the generational shift at the parent company of Fox News and movie studio behind "X-Men" and other series, the source said, adding that James Murdoch and his 43-year-old brother Lachlan would work as partners.

The elder Murdoch, whose media career spans the better part of a century, will take on the role of executive chairman, according to published reports.

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