Rupert Murdoch is preparing to step down as chief executive of his global media and entertainment empire 21st Century Fox and hand the role over to his youngest son James.
Murdoch is expected to continue as executive chairman of the company with his eldest son Lachlan Murdoch becoming an executive co-chairman.
This restructuring will not necessarily clarify which of Murdoch’s sons eventually takes over the running of the global media business.
A spokeswoman for 21st Century Fox said: “The matter of succession is on the agenda at our upcoming, regularly scheduled board meeting.”
The news was leaked ahead of this board meeting due to take place in New York next week.
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