Twenty-First Century Fox Executive Chairman Lachlan Murdoch will serve as chief executive and chairman of the new Fox after the sale of television and film properties to Walt Disney Co. go through, the company announced Wednesday.
Murdoch will share the role as chairman with his father, Rupert Murdoch. The company’s chief financial officer, John Nallen, will serve as chief operating officer.
As of today, it is not clear what the property will be named. In its press release, 21st Century Fox only referred to the company as “new Fox.”
The company will be responsible for overseeing Fox News, Fox Business, Fox Broadcasting, Fox Sports, its local affiliates, and Fox Sports One.
“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 US audience,” Rupert Murdoch said in the press release.
The appointment of Lachlan Murdoch as chairman was expected — both because of his experience working within Fox and his relation to Rupert Murdoch. (RELATED: DISNEY HAS OFFICIALLY TAKEN OVER THE ENTERTAINMENT INDUSTRY)
While Disney is set to purchase 21st Century Fox’s $52.4 billion entertainment assets, Comcast has signaled it is considering a bid as well. (RELATED:Disney Buys 21st Century Fox In Deal That Could Rock Hollywood)