Rupert Murdoch (C), executive chairman of News Corporation, and his sons Lachlan (left) and James (right). (Reuters)
Twenty-First Century Fox Inc said Rupert Murdoch will hand over the chief executive reins at the entertainment conglomerate to his 42-year-old son James.
Rupert Murdoch, 84, will become executive co-chairman alongside his elder son Lachlan.
James is currently the co-chief operating officer of the company.
The company said the new changes are effective July 1.
© Thomson Reuters 2015
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