Rupert Murdoch Expected to Hand Reins of 21st Century Fox to Son James

June 11, 2015 3:07 PM

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Rupert Murdoch Expected to Hand Reins of 21st Century Fox to Son James

Rupert Murdoch, the 84-year-old chief executive of 21st Century Fox, is planning to hand over the reins of the media conglomerate to his son James, two people briefed on the plans said Thursday.

The elder Mr. Murdoch will remain at the company as executive chairman, and his son Lachlan is moving from Australia to Los Angeles to become co-executive chairman, the people, who spoke on condition of anonymity, said.

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