Rupert Murdoch to hand over Fox reins to son James

June 11, 2015 4:45 PM

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NEW YORK Rupert Murdoch, the 84-year old media baron, will hand over the chief executive job 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 COO Chase Carey would step into an advisory role as part of the generational shift at the parent of Fox News and the 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.

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