Rupert Murdoch to Step Down as Fox CEO

Citing sources close to the Murdoch family, CNBC reported Thursday that Rupert Murdoch, the 84-year old chief executive of Twenty-First Century Fox, is preparing to step down and name his son James as successor. It was unclear whether the reorganization would take place this year or at the start of 2016. In interviews, some top investors who know James, and other people familiar with the company, describe him as curious and a risk taker like his father.