Lachlan Murdoch, not James, will lead new Fox company

Rupert Murdoch, 87, 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".

The maker of Family Guy and The Simpsons confirmed the operations of the "New Fox" due to be formed by the sale of its film and television studios, and a clutch of global assets including Sky, will be led by 46-year-old Lachlan. The announcement doesn't say anything about what will happen to current Fox CEO James Murdoch, but Bloomberg reports that he is preparing to focus on his own endeavors in technology investments.

John Nallen, the company's current chief financial officer, will take a bigger role at New Fox as chief operating officer.

During a recent sit-down with Collider, Deadpool himself commented on the Disney-Fox deal, saying - at least from his perspective - although he hasn't heard anything new, the potential acquisition of Fox, whether it be by Disney or Comcast, hasn't affected anything regarding development and plans.

John Nallen, who now serves as chief financial officer of 21st Century Fox, will move into the role of chief operating officer of New Fox, while Rupert Murdoch will serve as co-chairman of the new company. But Iger went on to extend his contract through 2021.

Fox agreed previous year to sell the bulk of its film and TV assets to Walt Disney in a $52.4 billion deal.

The new Fox company will be without 21st Century Fox's film and television studios, entertainment cable channels, a stake in streaming service Hulu and regional sports networks. That would undoubtedly delay, if not derail, the Disney sale process and the formation of New Fox.

Rupert Murdoch 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".

"The opportunity to reshape a business strategy and an operational approach uniquely tailored to the new Fox is truly compelling", he said. But that began to change after Lachlan rejoined the business almost a decade later.

(Copyright © 2015. All Rights Reserved.)
 
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