Lachlan Murdoch Named CEO of New Fox

Lachlan Murdoch will become the chairman and CEO of New Fox, the new company that will be created when 21st Century Fox sells its assets to Walt Disney Co., Broadcasting & Cable reported. Rupert Murdoch will be the co-chairman, and current Chief Financial Officer John Nallen will serve as the chief operating officer. Lachlan Murdoch said he was “look[ing] forward to making further announcements as to the management and structure of this new Fox” as the company gets closer to its sale to Disney. “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.