Latest in 21stcenturyfox

Image credit:

Rupert Murdoch's exit as Fox CEO hints at a bigger digital future

Jon Fingas, @jonfingas
June 11, 2015
Share
Tweet
Share

Sponsored Links

There's a big executive shakeup looming that could change the digital media landscape in the long run. Both CNBC and the Wall Street Journal report that Rupert Murdoch is planning to step down from the CEO role at 21st Century Fox, with his son James taking the reins. The media mogul will still hang around as an executive chairman (along with his other son Lachlan), like he does at News Corp, but he won't be so closely involved in day-to-day affairs. The handover would take place no later than 2016.

The move isn't surprising. Murdoch hasn't been shy about grooming his sons for succession, and even James' abrupt departure from BSkyB (now Sky) after the UK phone hacking scandal didn't deter that. However, it also signals a shift in online media strategy. CNBC understands that James Murdoch has been instrumental in Fox's recent digital push, which has focused heavily on streaming. Once he becomes CEO, that effort is likely to kick into high gear.

[Image credit: Adrian Sanchez-Gonzalez/AFP/Getty Images]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

The 2020 Engadget Holiday Gift Guide

The 2020 Engadget Holiday Gift Guide

View
Scientists might know why astronauts develop health problems in space

Scientists might know why astronauts develop health problems in space

View
Volkswagen may release a small EV for as little as $24,000

Volkswagen may release a small EV for as little as $24,000

View
Vizio's rotating Dolby Atmos soundbar is $400 off ahead of Cyber Monday

Vizio's rotating Dolby Atmos soundbar is $400 off ahead of Cyber Monday

View
Hacker sells access to hundreds of corporate executives' email accounts

Hacker sells access to hundreds of corporate executives' email accounts

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr