Cybersecurity
Murdoch Promotes Son Lachlan in Succession Plan for Empire
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Billionaire Rupert Murdoch promoted eldest son Lachlan Murdoch to non-executive co-chairman of News Corp. and 21st Century Fox Inc., placing him near the top of the companies as part of succession planning for the media empire.
Lachlan, 42, will work alongside his father, who will stay as chairman and chief executive officer of Fox and executive chairman of News Corp., according to statements from the two companies, each controlled by Rupert Murdoch. Younger son James Murdoch, 41, will become co-chief operating officer of 21st Century Fox.