Rupert Murdoch promotes eldest son Lachlan Murdoch to be co-chairman of 21st century Fox and News Corportaion

Lachlan Murdoch will be co-chairman of Fox and News Corporation

Rupert Murdoch looks to have annointed his eldest son Lachlan as his heir apparent, promoting the 42-year-old to be his co-chairman at the top of both the media companies that the veteran mogul runs.

Lachlan Murdoch will be co-chairman of TV and film company 21st Century Fox and of newspaper group News Corporation.

Rupert Murdoch, who turned 83 two weeks ago, was previously sole chairman of both companies, after Fox's split from News Corp last July.

He hailed his eldest son as "a strategic and talented executive with a rich knowledge of our businesses", adding: "I'm very pleased he is returning to a leadership role."

Lachlan Murdoch held a series of senior roles within News Corp during his twenties but quit most of those roles when he was in his thirties, leading to speculation he had fallen out of favour.

Having spent most of his time in Australia in recent years, he will split his time between Sydney and New York in his new roles.

James Murdoch, Lachlan's 41-year-old brother, also got a promotion today - to co-chief operating officer at Fox, from deputy chief operating officer.

Rupert Murdoch described it as an "important role" for his son, who will have "direct responsibility" for the Fox TV networks in America and also for all the company's international TV interests, including its 39 per cent stake in BSkyB in Britain.

It means the younger Murdoch will be effectively overseeing Sky, two years after he quit as its chairman after investor dissent.

However, James Murdoch, who was widely regarded as the heir apparent until the phone-hacking scandal blew up, now appears to be less influential. He will report to Fox's other co-chief operating officer, Chase Carey.

James Murdoch is a non-executive director at News Corp but resigned all executive responsibilities after failing to get to grips with the hacking scandal while he oversaw the UK papers between 2007 and 2011.

Observers have long wondered about whom Rupert Murdoch would like to see take over from him as the fortunes of Lachlan, James and their sister Elisabeth, founder of TV company Shine, rose and fell.

Michael Wolff, the New York media commentator and biographer of Rupert Murdoch, said of today's shake-up: "I have always said that it doesn't matter to Rupert Murdoch who succeeds him just as long as the person is named Murdoch."

Rupert Murdoch, who recently divorced third wife Wendi Deng, has six children. Eldest daughter Prudence has little involvement in the empire while his two youngest daughters are of school age.

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Sales Executive / Foreign Exchange Dealer - OTE £40,000+

£16000 - £40000 per annum: Recruitment Genius: A Foreign Exchange Dealer is re...

SThree: Experienced Recruitment Consultant

£20000 - £40000 per annum + OTE + Incentives + Benefits: SThree: Established f...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE 40/45k + INCENTIVES + BENEFITS: SThree: The su...

Recruitment Genius: Collections Agent

£14000 - £16000 per annum: Recruitment Genius: This company was established in...

Day In a Page

The long walk west: they fled war in Syria, only to get held up in Hungary – now hundreds of refugees have set off on foot for Austria

They fled war in Syria...

...only to get stuck and sidetracked in Hungary
From The Prisoner to Mad Men, elaborate title sequences are one of the keys to a great TV series

Title sequences: From The Prisoner to Mad Men

Elaborate title sequences are one of the keys to a great TV series. But why does the art form have such a chequered history?
Giorgio Armani Beauty's fabric-inspired foundations: Get back to basics this autumn

Giorgio Armani Beauty's foundations

Sumptuous fabrics meet luscious cosmetics for this elegant look
From stowaways to Operation Stack: Life in a transcontinental lorry cab

Life from the inside of a trucker's cab

From stowaways to Operation Stack, it's a challenging time to be a trucker heading to and from the Continent
Kelis interview: The songwriter and sauce-maker on cooking for Pharrell and crying over potatoes

Kelis interview

The singer and sauce-maker on cooking for Pharrell
Refugee crisis: David Cameron lowered the flag for the dead king of Saudi Arabia - will he do the same honour for little Aylan Kurdi?

Cameron lowered the flag for the dead king of Saudi Arabia...

But will he do the same honour for little Aylan Kurdi, asks Robert Fisk
Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Our leaders lack courage in this refugee crisis. We are shamed by our European neighbours

Humanity must be at the heart of politics, says Jeremy Corbyn
Joe Biden's 'tease tour': Could the US Vice-President be testing the water for a presidential run?

Joe Biden's 'tease tour'

Could the US Vice-President be testing the water for a presidential run?
Britain's 24-hour culture: With the 'leisured society' a distant dream we're working longer and less regular hours than ever

Britain's 24-hour culture

With the 'leisured society' a distant dream we're working longer and less regular hours than ever
Diplomacy board game: Treachery is the way to win - which makes it just like the real thing

The addictive nature of Diplomacy

Bullying, betrayal, aggression – it may be just a board game, but the family that plays Diplomacy may never look at each other in the same way again
Lady Chatterley's Lover: Racy underwear for fans of DH Lawrence's equally racy tome

Fashion: Ooh, Lady Chatterley!

Take inspiration from DH Lawrence's racy tome with equally racy underwear
8 best children's clocks

Tick-tock: 8 best children's clocks

Whether you’re teaching them to tell the time or putting the finishing touches to a nursery, there’s a ticker for that
Charlie Austin: Queens Park Rangers striker says ‘If the move is not right, I’m not going’

Charlie Austin: ‘If the move is not right, I’m not going’

After hitting 18 goals in the Premier League last season, the QPR striker was the great non-deal of transfer deadline day. But he says he'd preferred another shot at promotion
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea