Lachlan Murdoch to lead 'new Fox'

BY SAMANTHA COSTANZO
Posted on FEB 04, 2019

Lachlan Murdoch was named chairman and CEO of "new Fox," a company that will include the 21st Century Fox assets that are not expected to be purchased by Disney.

Lachlan Murdoch was named chairman and CEO of "new Fox," a company that will include the 21st Century Fox assets that are not expected to be purchased by Disney, on Wednesday, according to the Hollywood Reporter. These assets include Fox News Channel, Fox Business Network, Fox Sports, Fox Television Stations Group, and the Fox broadcast network, among others.

CFO John Nallen will become the COO of the new company, while Rupert Murdoch will be co-chairman with his son.
"The new Fox will begin as the only media company solely focused on the domestic market, focused on what Americans love best sports, news and entertainment, built and delivered for a U.S. audience," Rupert Murdoch said.

Disney will pay $52.4 billion for Fox's film and television studio, FX Networks, National Geographic Partners, Fox's regional sports networks, and Star India, and will also obtain Fox's share of Hulu, after which Disney will have 60 percent of Hulu. Disney is also expected to get 39 percent of European TV producer Sky.

Comcast may make a bid for these same assets before the deal closes, and Fox has expressed interest in buying the remaining 61 percent of Sky, leaving Disney's final acquisition and price in question