Rupert Murdoch's son to become Fox CEO after Disney deal

Rupert Murdoch's son to become Fox CEO after Disney deal

The shift in leadership comes after last December's announcement that the Walt Disney Company plans to acquire many 21st Century Fox assets in a $52.4 billion deal, which is now pending approval - though rival media giant Comcast has threatened to derail the merger.

Scott, who has been with the network since its inception in 1996, will report jointly to Lachlan Murdoch and Rupert Murdoch, the 21st Century Fox executive chairman, executive chairman of Fox News and co-chairman of the proposed New Fox.

"The opportunity to reshape a business strategy and an operational approach uniquely tailored to the new Fox is truly compelling", said John Nallen. Abernethy will relocate to Los Angeles, however, to work with Fox Broadcasting Company and FOX Sports, which are both headquartered in the area.

Suzanne Scott will lead Fox News and Fox Business Network, according to a statement Thursday. Comcast, the largest U.S. cable channel, is said to be preparing financing for a potential counterbid for the Fox operations.

21st Century Fox has also announced that Rupert Murdoch will serve as Co-Chairman of the new Fox. "We are grateful for his leadership during this extraordinary period".

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

Further complicating matters United States media company Comcast launched its own £22bn for Sky in April, which caused Sky to withdraw its recommendation to its shareholders to accept the previous Fox offer.

John Nallen, the current company's CFO, will become COO of new Fox. The changes included replacing Bill O'Reilly, who was ousted after sexual-harassment allegations, with Tucker Carlson and launching "The Ingraham Angle" at 10 p.m.

She also co-created Outnumbered Overtime w/ Harris Faulkner, The Story w/ Martha MacCallum and The Daily Briefing w/ Dana Perino. Some of Fox News' most-watched shows are also pro-Trump. She began her career at FNC as a programming assistant and previously served in the same capacity at CNBC.

"New" Fox has named its senior leadership team. Shine eventually resigned in May 2017, with Rupert Murdoch taking over and elevating Scott and Wallace in the process.

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