Lachlan Murdoch set to become chairman and CEO of 'New Fox'

Suzanne Scott Fox News

James Murdoch has been serving as the CEO of 21st Century Fox, while his brother and father have been serving as co-executive chairman.

Rupert Murdoch said Fox will be the only media company exclusively focused on the U.S. market and "on what America loves best-sports, news and entertainment".

'I am also personally very pleased that John has agreed to take on the role of Chief Operating Officer, and together we look forward to making further announcements as to the management and structure of this new Fox as we get closer to closing our proposed transaction with Disney'.

Shenmue 3 Release Date Delayed to 2019
The game is now being developed by Ys Net, an independent development studio founded by franchise creator Yu Suzuki. The development cycle for Shenmue 3 has been slow going, with the game originally set to launch at the end 2017.

Lachlan Murdoch will replace his brother James as the CEO and chairman of Fox if its $52.4billion deal with Walt Disney Inc goes through.

John Nallen, now CFO of 21st Century Fox, will serve as chief operating officer of New Fox. Fox Entertainment Group chairmen and CEOs Dana Walden and Gary Newman are in advanced negotiations for a one-year contract extension to steer the division until the sale is finalized, sources say. It's not clear whether he will take a post at Disney.

The new Fox will house assets including Fox News, Fox Business Network and sports cable networks, the company said.

Saudi Arabia May Seek Nuclear Weapons If Iran Restarts Nuclear Program
There is no denying the fact that this decision of the U.S. government will have an impact on Indo-Iranian Chabahar agreement. Fuel is expected to rise to $3 per litre following President Donald Trump's decision to pull out of the Iran nuclear deal .

Fox is preparing for a future without its film and TV studios, as well as cable channels such as FX and National Geographic. I also like to think, and again I don't know anything, I'm not an executive over there, but I like to think that the acquisition of Fox, by whether be it Comcast, Disney, or Myspace for fuck's sakes, I like to think that whoever buys Fox is buying it to keep intact, and to allow it to be its own entity.

Its brands will include Fox News, Fox Business and Fox Sports.

"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 US audience", said Rupert Murdoch, 87, on Wednesday.

More rain, more flooding forecast for Fairfax
Over in northern Idaho, Lake Pend Oreille (pawn'-duh-ray) is expected to reach flood stage on Thursday. Meteorologist Ryan Leach said that the river will be at flood stage for weeks to come.

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

Related News:



Most liked

Apple seeks $1bn from Samsung after patent infringement dispute
It's not like that Apple has accused Samsung of copying, Samsung has also accused Apple of copying its designing features. Instead, the judges unanimously decided that an award could be based exclusively on the value of the components involved.

The Thomas Markle Royal Wedding Drama, Fully Explained
Prince Harry is reportedly blaming himself after Meghan Markle's dad sensationally pulled out of the royal wedding last night. The prince, now 33, cites her as his inspiration for the charitable work that he and Meghan will continue as a couple.

Texas, Alabama Football Teams Schedule Home & Home Series
As for the Alabama-Texas all-time series, the teams first met in Tuscaloosa in 1902, followed by games in Austin in 1915 and '22. Alabama Athletic Director Greg Byrne was a busy man at the annual Regions Tradition at Greystone Country Club on Wednesday.

Danny Rose: I hope the boss gets what he wants
Rumours are rife that Conte may quit his job at Stamford Bridge after Saturday's FA Cup final against Manchester United . I heard from the same source that told sky sports news re poch going to Chelsea .

Trump Form Lists Payment To Cohen, Lawyer Who Paid Stormy Daniel
Trump confidant and adviser Rudy Giuliani described the transaction by saying money was "funneled through" Cohen's law firm. Office of Government Ethics and it's expected to be made public in the coming days.

5 of the best debut seasons in Premier League history
Salah's showdown with the Brazilian will be one of the key battles in the Champions League final in Kiev on May 26. Marcelo is terrified of Salah.

Microsoft pushes out new security and privacy related updates for Windows 10
The updates contain only Intel-specific code, which Microsoft has agreed to distribute to ensure more users are protected. KB4134660 on Microsoft Update Catalog website.

Battlefield V Confirmed For May 23 Reveal
Actually, it wasn't EA but Trevor Noah, known to many as the host of The Daily Show , who let the cat out of the bag. However, some have speculated that it will be another period from the past similar to Battlefield 1 .

Denver's Korte fires 2-under on Day Two of NCAA Regional
Host NC State is second (-16), No. 28 Duke and No. 4 Georgia Tech share a tie for third, and Liberty is fifth (-11). The redshirt junior played at 1 over par across his last 13 holes after starting 5 over through the first five.

The White House's cybersecurity tsar has been dethroned
The NSC's two senior cyber policy directors sit near one another so will be able to coordinate matters in real time, Palladino said.

First doses of experimental Ebola vaccine arrive in DR Congo
This is the 9th Ebola outbreak that the DRC is witnessing in four decades, after the first outbreak in 1976. And we know that health care workers can really be an amplification factor for these kinds of outbreaks.

Paddy Power Betfair confirms talks with FanDuel
The move comes just days after the U.S. relaxed its gambling laws, providing an opening for the likes of William Hill and Paddy. The company operates through Online, Australia, Retail, and USA segments.

'Solo: A Star Wars Story' is a long, boring space slog
This is how Solo was before the galaxy chewed up all the youthful optimism he had about life and spit him back out. The worst piece is the use of the words "mean streets" in describing the planet Solo grew up on.

Pokémon Let's Go! Pikachu & Eevee domains registered, Eevee trademark filed in China
People have been eagerly anticipating some version of the game to hit the Nintendo Switch for quite some time. Then, by 2017, overall download numbers increased to over 750 million a year.

Marcus Smart calls out JR Smith for 'dirty' play
When asked about the altercation, Smart told reporters he was just trying to stick up for a teammate. And you go and take two hands to the back; that's a dirty shot.