Lachlan Murdoch has served as executive chairman of 21st Century Fox since 2015. 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.
The deal with Disney, which was announced in December, will see Disney acquire assets such as European satellite TV company Sky, the Twentieth Century Fox film and TV studios, cable network FX, Indian satellite group Star India and a stake in streaming service Hulu.
The deal sells off Fox's TV and Entertainment sections, leaving the company to focus exclusively on its news and media divisions which will include Fox News Channel, Fox Business Network, Fox Broadcasting Company, Fox Sports, Fox Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network. It expects to ask shareholders for approval of the transaction this summer.
However, the announcement does bno acknowledge the Comcast's interest in making an unsolicited bid for Fox.
Rupert Murdoch is one of the most powerful and influential media figures in the industry.
There was no mention of Lachlan's brother James Murdoch in the Wednesday morning memo. And media observers have long debated which of his sons would ultimately inherit their father's company. "I look forward to joining Lachlan as we begin to establish new Fox".
Sky chairman James, 45, will not be involved in running a much smaller US-only company focused on news and sport.
He denounced President Donald Trump's reaction to the race-related violence in Charlottesville, Virginia, last August.
The widely expected move comes as Fox tries to complete the Disney deal, which involves selling about $US52 billion ($65 billion) of entertainment assets.
Stan's The Haunting Hour and guest-starred on television shows including Smallville , Brothers & Sisters and The L Word . The Canadian was best known for playing Lois Lane in four Superman movies with Christopher Reeve in the 1970s and 80s.
The creator of the viral sensation spoke out and sorry to say " Yanny " listeners, he confirmed he said " Laurel ". The different things we hear reminds us that our world, and ourselves, are far more unknown than we think.
This week, WWE is in London and the two remaining spots from Team Red will be filled after a couple more qualifying matches. Finn Balor & Braun Strowman by Dolph Ziggler pinning Finn Balor after knocking Finn Balor off of the top rope.
Camsing International acquired POW! in 2017 for an undisclosed price and placed its USA vice president Shane Duffy as POW!'s CEO. Stan Lee has filed a major lawsuit against his former company over allegations that it stole his likeness for financial gain.
Remo has been roped in by producer Ramesh Taurani for the first time to direct an instalment of the Race franchise. They are also joined by Bobby Deol , Daisy Shah , Saqib Saleem and Amit Sadh in Race 3 .
Pornographic performer Stormy Daniels received $130,000 in hush money from the same shell company just before the 2016 election. In April, the Federal Bureau of Investigation raided Cohen's offices and home as part of a criminal investigation.
You would never refer to a male lead as being as "strong male character" as opposed to any other kind of male character. Emilia told the host that the movement hadn't died down, but that "changing it overnight would be impossible".
Bravazo was the third longest shot at the Kentucky Derby a few weeks ago, but surprised everyone by placing sixth in that race. With rain expected in Baltimore through Saturday, the conditions at Pimlico may not be much better.
Minor flooding is occurring on the Similkameen River near Nighthawk, and major flooding is forecast for later in the week. Several roads around Frederick County, Maryland, are underwater Tuesday night after flash floods inundated the area.
Senate Committee Expected to Approve Haspel to Lead CIA
McCain, who has been away from Washington all year as he battles brain cancer, urged the Senate not to vote for Haspel. Haspel, the CIA's acting director, earned support from the top Democrat on the Intelligence Committee, Sen.
Marchessault lifts Golden Knight over Jets in playoffs
Game 2 was a different story, as Vegas clamped down on defense and Marc-Andre Fleury turned away Winnipeg's first 26 shots. The Jets and Golden Knights were tied 1-1 heading into Wednesday's Game 3, while the Caps were up 2-1 on the Lightning.
The Apple drops for Samsung
Apple lawyer Bill Lee told jurors this week that their sole objective was to determine what damages the company should collect. It infringed three design patents and two utility patents awarded to Apple to cover early models of its popular smartphone.
Rapper TI arrested in Henry County
Despite his legal issues, T.I. has been an advocate for social justice, in what the Journal-Constitution calls a "metamorphosis". The rapper reportedly did not have the key required to enter the community and was barred from entering at 4 a.m.
Congrats: Taraji P. Henson receives a Mother's Day proposal
He even questioned her during his recent visit to Atlanta, where the Cookie character was shooting her new film What Men Want . Henson , 47, recently said yes to a marriage proposal from boyfriend Kelvin Hayden , 34, former National Football League star.
Solo: A Star Wars Story is a Missed Opportunity
Vanity Fair said Solo is likely not the movie Lord And Miller would have made, but said Howard's version "knows its place". Jackson's Mace Windu, and Billy Dee Williams's Lando Calrissian .