Murdoch plans to step down as CEO of 21st Century Fox

June 11, 2015 4:24 PM

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Rupert Murdoch, chairman and CEO of 21st Century Fox, plans to step down as CEO of the media company, according to a person familiar with the matter.

In a widely anticipated move, the 84-year-old mogul will hand the title to his son James, the person said, requesting anonymity because the plan still needs approval of the company's board of directors. James Murdoch is currently 21st Century Fox's co-chief operating officer, sharing the title with ...

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