No more Family Guy: James Murdoch to leave Fox after Disney deal

Suzanne Scott Fox News

Lachlan Murdoch will serve as chairman and chief executive of the "New Fox", to be formed after the proposed sale of most of 21st Century Fox's film and TV assets to Disney, with Rupert Murdoch serving as co-chairman of new company alongside his son. Wednesday's announcement also fails to address questions about the fate of myriad other executives including current 21st Century Fox co-president Peter Rice and Fox Television Group chairs Dana Walden and Gary Newman.

"We have worked through the winter "standing up" a reimagined independent Fox", said Lachlan Murdoch in a statement.

Rupert Murdoch said Fox will be the only media company exclusively focused on the USA market and "on what America loves best-sports, news and entertainment".

During a recent sit-down with Collider, Deadpool himself commented on the Disney-Fox deal, saying - at least from his perspective - although he hasn't heard anything new, the potential acquisition of Fox, whether it be by Disney or Comcast, hasn't affected anything regarding development and plans.

Fox CEO James Murdoch isn't mentioned as part New Fox's leadership but is widely expected to leave Fox to do his own thing. Speculation about James at the time of the deal centered on a possible role at Disney, where CEO Bob Iger's contract had been slated to end in 2019, and an heir apparent was not in place.

The new Fox will house assets including Fox News, Fox Business Network and sports cable networks, the company said. They are all assets the company said it would keep after striking a $52 billion-deal late a year ago with Disney for its major TV and film divisions, which include cable channels FX and National Geographic.

The Murdochs are expected to spearhead the new, slimmer Fox once the deal shakes out. In a further complication that would test Rupert Murdoch's power over Fox shareholders, cable giant Comcast could make its own play for Fox assets. "I look forward to joining Lachlan as we begin to establish new Fox".

Related News:



Most liked

A Phony Vote on 'Net Neutrality'
For almost all of the past 10 years, the FCC has had in place rules that sought to guarantee net-neutrality protections. The congressional effort comes less than a month before the rules are officially expected to expire, on June 11 .

Autopsy confirms St. Petersburg man died from vape pen explosion
D'Elia died from a "projectile wound of the head", after the explosion drove two pieces of the vape pen into the top of his head. The man, who was 38 years-old when he passed away, used an unregulated e-cigarette that was manufactured in the Philippines.

Senate Committee Releases 2500 Pages About 2016 Trump Tower Meeting
Trump Jr. has told House investigators that he did not communicate with his father about the meeting before it happened. The Agalarovs had bonded with the Trumps during the 2013 Miss Universe pageant in Moscow.

Frances Bean loses Kurt Cobain's MTV Unplugged guitar
A Seattle court has ruled that photographs from the scene of Kurt Cobain's death will remain sealed from the public. Cobain's Martin had been heavily modified over the years, Nirvana tech Earnie Bailey told Total Guitar .

Dixon High School shooting: Shooter is former senior, recently expelled
"A Dixon Police Officer confronted an armed male subject at the Dixon High School at approximately 8:00 am on May 16, 2018 ". During a chase, the shooter fired several shots at the resource officer who then returned fire, hitting the shooter.

Palestine recalls envoys to four European Union nations
Meanwhile, Turkey told the Israeli Consul General in Istanbul to leave the country temporarily, state media said on Wednesday. Prior to 1980, Guatemala and a dozen other countries maintained embassies in Jerusalem .

Pruitt got 24-7 armed security on first day at EPA
The AP reported last month that demands for increased security are nothing new for Pruitt. Udall said Perrotta wrote in the email that Pruitt had encouraged the use of the devices.

Mysterious Pokemon Related Domains Registered, Rumours of Pokemon Switch Intensify
The reason for Pokemon on Nintendo Switch to take cues from Pokemon Go has to with the tremendous success seen by the latter. Or being able to join in a raid from your own house in some capacity if you're unable to make it to the location in person.

Yates extends Giro lead with 11th stage win, Froome slips further
"I know I'll lose some time there", Yates said, looking ahead to the 34-kilometer individual race against the clock in Stage 16. The route passed by the site of the Rigopiano avalanche, which killed 29 hotel guests and staff past year .

JR Smith Shoves Al Horford in Celtics-Cavaliers Game 2
We all know in this room, we've all been professionals for a long time, we're not going to make every [shot]. Horford escaped injury on the play but it's exactly the sort of foul that can really harm a player.

Commerzbank Aktiengesellschaft FI Reduces Holdings in NXP Semiconductors (NXPI)
The semiconductor provider reported $3.06 earnings per share for the quarter, topping the consensus estimate of $1.61 by $1.45. BidaskClub upgraded NXP Semiconductors from a "sell" rating to a "hold" rating in a research note on Wednesday, February 21st.

Australia probes claim Google harvests data, consumers pay
In the event, new features of Google Maps were also unveiled and will be rolling out these coming months both on Android and iOS . Also, Android phones include barometric technology, which uses air pressure to know a person's location in a high-rise building.

Microsoft reportedly planning cheaper Surface tablets to compete against $329 iPad
The move is aimed at taking market share from Apple's iPad, which dominates the lower-cost tablet market. The new Surface Tablets will have a 10-inch display and will feature USB-C connections.

Stephen Piscotty homers in first at-bat back from mother's funeral
It was last week when Piscotty came to bat for the first time since his mother's death and he was given a standing ovation. Louis Cardinals to the A's in December, enabling him to care for his mother at their Pleasanton, California, home.

Gen Volvo S60 Will Not Come With A Diesel Engine
The carmaker is also hoping to have at least 50 per cent new auto sales by 2025 to be electric vehicles. Production of the S60 will start later this year at Volvo's new plant near Charleston, South Carolina.