Monday, 24 September, 2018


Lachlan Murdoch to serve as chairman, CEO of New Fox

NEW GIRL  L-R Max Greenfield Jake Johnson Zooey Deschanel Lamorne Morris and Hannah Simone in Lachlan Murdoch to serve as chairman, CEO of New Fox
Conrad Doyle | 16 May, 2018, 22:48

According to the sources, Lachlan Murdoch will be serving as the new chairman and chief executive officer of "New Fox" which is to be formed after the proposed sale of 21st Century Fox's film and TV assets to Disney with Rupert Murdoch, who is serving as the co-chairman of the new company along with his son.

The maker of Family Guy and The Simpsons confirmed the operations of the "New Fox" due to be formed by the sale of its film and television studios, and a clutch of global assets including Sky, will be led by 46-year-old Lachlan. 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. Fox's film and entertainment franchises, which include "The Simpsons", "X-Men" and "Avatar", will be owned by Disney. The announcement doesn't say anything about what will happen to current Fox CEO James Murdoch, but Bloomberg reports that he is preparing to focus on his own endeavors in technology investments.

Lachlan and his father Rupert Murdoch will serve as co-chairmen of the new Fox, while current Chief Financial Officer John Nallen will also take the role of chief operating officer.

"We have worked through the winter "standing up" a reimagined independent Fox", said Lachlan Murdoch in a statement. But reigning Disney CEO Bob Iger has conspicuously failed to offer specifics of any potential role. The rest of its major Hollywood assets are in line to be sold to Disney in a $52.4 billion all-stock deal.

The Murdochs are expected to spearhead the new, slimmer Fox once the deal shakes out. 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. "I look forward to joining Lachlan as we begin to establish new Fox".

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