×

Murdoch Shuffle: Lachlan Returns to Fox, News Corp.; James Upped to Co-COO

Lachlan to be non-exec co-chairman at News Corp. and 21st Century Fox; James upped to co-chief operating officer at 21st Century Fox

LONDON — Lachlan Murdoch has returned to the fold to take a leading role within his father’s empire after several years’ break. Rupert Murdoch said Lachlan was a “strategic and talented executive with a rich knowledge of our businesses.” Meanwhile, Lachlan’s younger brother James has been given an elevated role within the hierarchy.

Lachlan Murdoch (pictured left) has been named non-exec co-chairman of News Corp., and takes the same title at 21st Century Fox. James Murdoch (pictured right) has been named co-chief operating officer at 21st Century Fox.

Speaking about Lachlan Murdoch’s appointment at News Corp., Rupert Murdoch, exec chairman of the company, said in a statement: “This appointment is a sign of confidence in the growth potential of News Corp. and a recognition of Lachlan’s entrepreneurial leadership and passion for news, digital media and sport.

“In this elevated role, Lachlan will help us lead News Corp. forward as we expand our reach and invest in new technologies and markets around the world. We have many challenges and opportunities ahead, and Lachlan’s strategic thinking and vast knowledge of our businesses will enable me as executive chairman and the company as a whole to deliver the best outcomes on behalf of our stockholders, employees and customers.”

Lachlan Murdoch is a director of both News Corp. and 21st Century Fox, exec chairman of NOVA Entertainment Group, which under his leadership became Australia’s number one national FM network, and exec chairman of private investment company Illyria. Until today, he also served as non-exec chairman of Ten Network Holdings, which is Australia’s third-ranked TV network.

Prior to founding Illyria in 2005, Lachlan was the deputy chief operating officer of News Corporation (now 21st Century Fox), a role in which he was directly responsible for two thirds of the company’s global revenue, with an emphasis on its U.S. television stations group and publishing assets.

Lachlan also had oversight of HarperCollins and the company’s lines of business in Australia, including REA. He also served on the board of Foxtel and as chairman of Fox Television Stations, and was publisher of the New York Post. At Fox Television Stations, he oversaw the company’s 35 owned-and-operated television stations.

As non-exec co-chairman at 21st Century Fox, Lachlan will work closely with senior management and the rest of the 21st Century Fox board in developing global strategies and guiding the overall corporate agenda. He will divide his time between Sydney and New York.

As co-chief operating officer at 21st Century Fox, James Murdoch will partner with Chase Carey, president and chief operating officer, to set the strategic direction and drive momentum across the company’s global portfolio of assets. He will have direct responsibility for Fox Networks Group, which will now report to him, and will also have direct responsibility for the strategic and operational development of the company’s owned and controlled interests in the pay TV services in Europe and Asia, Sky and Star respectively. He will continue to report to Carey.

As part of the shuffle, 21st Century Fox signed a new long-term contract with Fox Networks Group chief Peter Rice, who now reports to James Murdoch rather than Chase Carey.

James Murdoch serves as a director of both 21st Century Fox and News Corp., and until now had been 21st Century Fox’s deputy chief operating officer and chairman and CEO, international.

Speaking about the brothers’ appointments at 21st Century Fox, Rupert Murdoch, who is the company’s chairman and CEO, said, “Lachlan is a strategic and talented executive with a rich knowledge of our businesses. From 1994 to 2007, Lachlan’s executive career at the company spanned the globe, culminating as deputy chief operating officer responsible for the group’s most important publishing businesses in addition to its vast U.S. television station holdings. I’m very pleased he is returning to a leadership role at the company, where he will work closely with me, Chase, James, and the rest of the board of directors to drive continued growth for years to come.”

He continued, “We are pleased to elevate James into this important role alongside my partner and trusted advisor Chase Carey. I’m confident James and Chase will continue to make a great team during this time of immense opportunity. James has done an outstanding job driving our global television businesses and our shareholders, customers, and colleagues will benefit greatly from his many talents.

“This company has never been better positioned to capitalize on the increased global demand for quality storytelling and news, and our collective future has never been brighter.”

More Biz

  • Harvey Weinstein Trial and Verdict

    Harvey Weinstein Taken to Bellevue Hospital With Chest Pains

    Harvey Weinstein was taken to Bellevue Hospital in Manhattan on Monday after complaining of chest pains, according to his representative. Weinstein was supposed to be transferred to the jail on Rikers Island, but was diverted to Bellevue. Weinstein was remanded into custody on Monday morning after a jury convicted him on charges of sexual assault [...]

  • Harvey Weinstein Trial and Verdict

    Weinstein Guilty Verdict Sends a Message to Victims and Prosecutors

    The verdict in the Harvey Weinstein trial will send a message to victims and prosecutors that difficult cases can be won, legal experts said on Monday. Weinstein was convicted on Monday morning of committing a “criminal sexual act” and third-degree rape, following a six-week trial in New York Supreme Court. He faces five to 25 [...]

  • Tarana Burke

    #MeToo Founder Tarana Burke on Weinstein Verdict: 'Implications Reverberate Far Beyond Hollywood'

    Tarana Burke, the activist who founded the “Me Too” movement, issued a statement in the wake of Harvey Weinstein’s conviction on Monday. Burke begins her statement by saying, ““Today, a jury confirmed what we all know: Harvey Weinstein committed sexual assault.” She then decries the “incredibly narrow and unjust set of laws governing sexual assault,” blaming [...]

  • Vanessa Bryant, wife of Kobe Bryant

    Vanessa Bryant Remembers Husband Kobe and Daughter Gianna in Touching Memorial Tribute

    Vanessa Bryant held back tears as she paid emotional tribute to her late husband and NBA legend Kobe Bryant and daughter Gianna at a memorial service held at the Staples Center on Monday. Vanessa began her touching speech by remembering her 13-year-old daughter, who she says was “a sweet soul,” and reflected on their friendship. [...]

  • Harvey Weinstein Trial and Verdict

    Harvey Weinstein Accusers React to Rape Conviction: 'We're Never Going Back'

    Validation, relief, gratitude and pride — those were some of the emotions expressed by a group of women who came forward with allegations of sexual assault at the hands of Harvey Weinstein in response to the disgraced producer’s conviction on Monday for rape and sexual assault. The group of more than 20 women held a [...]

  • Harvey Weinstein arrives at a Manhattan

    Hollywood Reacts to Harvey Weinstein Verdict: 'I Hope the Handcuffs Are Tight'

    Harvey Weinstein, once regarded as one of the most influential forces in the film industry, was found guilty of committing a “criminal sexual act” and third-degree rape on Monday morning. He was acquitted on two counts of predatory sexual assault. The verdict comes two years after more than a dozen women accused Weinstein of sexual [...]

More From Our Brands

Access exclusive content