'New Fox' names exec team with Lachlan taking the helm

'New Fox' names exec team with Lachlan taking the helm

Like something out of Stalinist Russia or current China, current 21st Century Fox CEO James Murdoch seems to have been erased without explanation or trace in the company's new management structure, once the US$ 66 billion deal with Disney is done.

He will also become co-chairman of the so-called New Fox with his father - media tycoon Rupert Murdoch.

This means Lachlan's brother James Murdoch, chief executive of 21st Century Fox, will not take on a new role. It's not clear whether he will take a post at Disney.

John Nallen, now Fox's chief financial officer, will take on the expanded role of chief operating officer. Its broadcasting and cable sports brands will have coveted, long-term sports rights to the NFL, MLB, World Cup soccer and NASCAR.

Fox CEO James Murdoch isn't mentioned as part New Fox's leadership but is widely expected to leave Fox to do his own thing.


Chief financial officer John Nallen will be the chief operating officer but current president Peter Rice didn't find a seat at the helm.

Rupert 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'.

James Murdoch now serves as chairman of Sky PLC, where he was earlier forced out for four years after a phone-hacking scandal. In this role, he works directly with the Company's senior management and Board of Directors in developing global strategies and setting the overall corporate vision.

Commenting on his new role, 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".

The new company to be led by Lachlan would include the flagship Fox News channel, as well as the Fox Business Networks and several sports networks. He is also co-chairman with his father of News Corp, home of the family's newspaper holdings.

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