Seeking Alpha

Murdoch sets up what looks like succession battle between sons

  • Lachlan Murdoch has been appointed non-executive co-chairman at Fox (FOXA) and at News Corp. (NWSA), while brother James has been promoted to the role of co-COO at Fox to work alongside Chase Carey.
  • Lachlan Murdoch's double appointment comes seven years after he left the family business following disagreements with father Rupert and other executives.
  • Away from what looks suspiciously like a Murdoch succession battle, Peter Rice, Chairman and CEO at Fox Networks Group, has agreed to extend his employment agreement.
  • Fox PR
  • News Corp. PR
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