Friday, May 29, 2015Friday, May 29, 2015

Murdoch elevates son Lachlan to co-chair of media empire

Published on Mar 26, 2014 6:15 PM
Lachlan Murdoch, eldest son of News Corp. Chairman and Chief Executive Officer Rupert Murdoch, arrives for morning sessions at the 28th annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Saturday, July 10, 2010. -- FILE PHOTO: BLOOMBERG

LONDON (REUTERS) - Rupert Murdoch has elevated son Lachlan to the top of his multi-billion dollar family media empire after a seven-year break, appointing him non-executive co-chairman of both News Corp and 21st Century Fox Inc.

The media mogul also gave his younger son James a bigger role as co-chief operating officer at 21st Century Fox, two years after he resigned as chairman of British broadcaster BSkyB following a parliamentary investigation into phone hacking.

Lachlan Murdoch, who has been serving as a director at News Corp and 21st Century Fox, will work closely with senior management to develop global strategies and guide the overall corporate agenda, the company said in a statement on Wednesday.

"Lachlan will help us lead News Corp forward as we expand our reach and invest in new technologies and markets around the world," Rupert Murdoch said in the statement.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!