Rupert Murdoch plans to step down at 21st Century Fox, put his sons in charge

Rupert Murdoch isn’t going anywhere anytime soon, but he is clarifying succession plans for 21st Century Fox. The 84-year-old media mogul is preparing to step down as CEO and hand the reins to his son James, reported CNBC and the New York Times among other sources. Rupert Murdoch will continue to serve as executive chairman and is the controlling shareholder in the company, and he’s expected to remain pretty hands-on. In addition, Rupert Murdoch’s other son Lachlan will segue from non-executive…
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