John Nallen, now Fox's chief financial officer, will take on the expanded role of chief operating officer, 21st Century Fox said in an emailed statement. They are all assets the company said it would keep after striking a $52 billion-deal late previous year with Disney for its major TV and film divisions, which include cable channels FX and National Geographic.
21st Century Fox has unveiled the executive structure of the proposed "New Fox" group in the U.S., which will be formed if a proposed buyout of its other assets by Disney goes ahead. Time Warner, CNN's parent company, also owns a 10% stake. Plus, Comcast recently said it wants to buy all of Sky for $31 billion. As expected, the new-model Fox Broadcasting Co. will emphasize live sports and events.
There was no mention of Lachlan's brother James Murdoch in the Wednesday morning memo. "I look forward to joining Lachlan as we begin to establish new Fox".
The Taliban attacked the town of Farah
The Taliban launched a coordinated assault on Farah shortly after midnight, and quickly overran checkpoints at the city's edge. Violence has spiked in Afghanistan since the Taliban announced the start of their annual spring offensive last month.
In recent months, James has distanced himself from the politics espoused by his father and the company's flagship channel, Fox News. This was notable because his father speaks with Trump often.
Fox News separately confirmed on Wednesday that it has reached a settlement with a group of former employees who had filed lawsuits that included allegations of racial and gender discrimination. The deal also has Fox's share of Hulu going to Disney, which means the latter will have 60 percent of that digital VOD asset, and Disney also is supposed to get Fox's 39 percent share of Sky, the European TV giant.
The Wall Street Journal, owned by the Murdoch publishing company News Corp, has reported that he intends to set up a venture capital fund to invest in media and technology start-ups.
Musk and Buffett make a natural pair trade
Both Buffett and Munger loathe cryptocurrencies, which the Berkshire CEO on Saturday predicted "will come to bad endings". Elon Musk also had something to say on the issue when he tweeted "I'm going to build a moat & fill it w candy".
Kim Jong Un Secretly Met With Xi Jinping Again
The second summit between Kim and Xi came amid a flurry of top-level diplomacy over the North's nuclear weapons program. Chinese media confirmed that Kim had visited and met with Xi, according to Reuters' Josh Smith .
Karnal firm cheats PSU bank of Rs 155 crore
The lender said its provision coverage ratio (PCR) improved to 62.91 per cent in FY 2017-18 up from 50.11 per cent in FY 2016-17. Its return on assets became negative at (-) 0.03 per cent at the end of March quarter as against 0.15 per cent in the year-ago.