Corrected: Rupert Murdoch's son Lachlan to become Fox CEO after Disney deal

Lachlan Murdoch in line for chief executive job at Fox after Disney deal

Lachlan has been Fox's executive chairman since 2015.

While that latter portion of 21st Century Fox would end up as part of the Walt Disney Company should the deal be approved; the former asset is, as we said before, part of that list of "new" Fox properties.

Rupert Murdoch will serve as Co-Chairman of the new Fox, alongside Lachlan Murdoch and John Nallen, 21CF's Chief Financial Officer will take a broader role as new Fox's Chief Operating Officer. Fox is now trying to sell off $52 billion of TV and entertainment assets, and once the deal is finalized, the resulting company will be lead by Rupert Murdoch and his son.

The executive will assume both the CEO and chairman jobs at the company, which is being referred to as New Fox. Disney also gets a shot at National Geographic, FX and FXX, and even a 30 per cent interest in Hulu, which gives it a controlling stake in the U.S. streamer. It expects to ask shareholders for approval of the transaction this summer. I also like to think, and again I don't know anything, I'm not an executive over there, but I like to think that the acquisition of Fox, by whether be it Comcast, Disney, or Myspace for fuck's sakes, I like to think that whoever buys Fox is buying it to keep intact, and to allow it to be its own entity.

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Fox News separately confirmed on Wednesday that it has reached a settlement with a group of former employees who had filed lawsuits that included allegations of racial and gender discrimination. The future of his vast holdings has always been debated within the industry. James Murdoch has worked alongside his sibling for years at their father's media empire. This was notable because his father speaks with Trump often.

The deal with Disney is still a long way from being completed.

The Wall Street Journal, which is owned by News Corp, has reported that James Murdoch plans to strike out on his own, possibly starting a venture capital business.

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