21st Century Fox (NASDAQ: FOX, FOXA; ASX: FOX, FOXLV) today announced
that the Board has appointed Lachlan Murdoch Non-Executive Co-Chairman
and James Murdoch has been elevated to the position of Co-Chief
Operating Officer. The announcement was jointly made by Rupert Murdoch,
Chairman and Chief Executive Officer; Chase Carey, President and Chief
Operating Officer; and the 21st Century Fox Board of Directors.
Lachlan Murdoch, Non-Executive Co-Chairman, 21st Century Fox (Photo: Business Wire)
Rupert Murdoch said, "Lachlan is a strategic and talented executive with
a rich knowledge of our businesses. From 1994 to 2007, Lachlan's
executive career at the company spanned the globe, culminating as Deputy
Chief Operating Officer responsible for the group's most important
publishing businesses in addition to its vast U.S. television station
holdings. I'm very pleased he is returning to a leadership role at the
Company, where he will work closely with me, Chase, James, and the rest
of the Board of Directors to drive continued growth for years to come."
He continued, "We are pleased to elevate James into this important role
alongside my partner and trusted advisor Chase Carey. I'm confident
James and Chase will continue to make a great team during this time of
immense opportunity. James has done an outstanding job driving our
global television businesses and our shareholders, customers, and
colleagues will benefit greatly from his many talents. This Company has
never been better positioned to capitalize on the increased global
demand for quality storytelling and news, and our collective future has
never been brighter."
President and Chief Operating Officer Chase Carey said, "James has been
a great partner and in many ways this appointment formalizes the role
he's been playing for some time, and acknowledges the contribution he
has made in driving our businesses to new heights. Over the course of
his 17 years with the company, James has played a key leadership role in
almost all of our major television businesses, from Mumbai to Munich to
London and most recently the U.S. James has a keen sense of
international markets, digital platforms -- as well as programming --
and he brings a modern sensibility to our business which has greatly
benefited the Company and our shareholders."
As Non-Executive Co-Chairman, Lachlan Murdoch will work closely with
senior management and the rest of the 21st Century Fox Board in
developing global strategies and guiding the overall corporate agenda.
Lachlan will divide his time between Sydney and New York.
As Co-Chief Operating Officer, James Murdoch will partner with Chase
Carey to set the strategic direction and drive momentum across the
Company's global portfolio of assts. In this capacity, James will have
direct responsibility for Fox Networks Group, which will now report to
him. James will also have direct responsibility for the strategic and
operational development of the Company's owned and controlled interests
in the pay-television Sky and Star services in Europe and Asia,
respectively. James will continue to report to Chase Carey.
In addition to these appointments, the Company also announced that Peter
Rice, Chairman and CEO Fox Networks Group, has agreed to extend his
James Murdoch said, "Under Peter Rice's leadership Fox Networks Group
has continued to push creative boundaries across the Company, and has
grown tremendously with successful channel launches including Fox Sports
1 and FXX, an increased international footprint and enhanced sports
offerings across the world. Chase and I are delighted Peter is committed
to continuing to grow this incredible business and look forward to even
more success in the years to come."
Lachlan Murdoch, age 42, is currently a Director of 21st Century Fox and
News Corp, Executive Chairman of NOVA Entertainment Group, Executive
Chairman of Illyria Pty Ltd, and a Director of Sydney's Museum of
Contemporary Art. Until recently, he also served as Non-Executive
Chairman of Ten Network Holdings. Under his leadership, NOVA
Entertainment Group has become Australia's number one national FM
Prior to founding Illyria in 2005, a successful private investment
company, Lachlan was the Deputy Chief Operating Officer of the Company
(formerly known as News Corporation) a role in which he was directly
responsible for two thirds of the Company's global revenue with specific
emphasis on its U.S. television stations group and publishing assets.
While at the former News Corporation, Lachlan had oversight of
HarperCollins and the company's lines of business in Australia,
including REA. He also served on the Board of Foxtel and as Chairman of
Fox Television Stations and as Publisher of the New York Post. At
Fox Television Stations, Lachlan oversaw the Company's 35
owned-and-operated television stations, where he raised the bar on local
news coverage across the nation, increasing the total number of local
news hours across the group to more than 850 per week. At the New
York Post, Lachlan overhauled the tabloid and grew its circulation
by more than 40 percent. During his tenure, the Post became the
nation's fastest growing newspaper and the seventh largest in the United
James Murdoch, age 41, serves as a Director of both 21st Century Fox and
News Corp. Prior to his current management role, James served as 21st
Century Fox's Deputy Chief Operating Officer and Chairman and CEO,
International, and played an integral role in managing the separation of
the Company into two distinct companies.
James is a key driver in the Company's domestic and international
channel expansion, from the creation of Sky Deutschland and Sky Italia,
serving both as Chairman, to the renewed and continued leadership of
Star India, India's number one entertainment broadcaster. Prior to his
posts at 21st Century Fox, James was BSkyB's Chief Executive Officer
from 2003 to 2007, and its Chairman from 2007 until 2012. During his
tenure at BSkyB, the Company experienced transformative growth, having
amassed more than 10 million subscribers, and created a full-service
residential media and telecommunications company - a leader in all its
From 2000 to 2003, James was Chairman and Chief Executive Officer of
STAR, 21st Century Fox's Asian satellite television group. Under his
leadership at STAR, the Company established itself as the premier
content and broadcasting company in India, South Asia and Taiwan. He is
a non-executive director of Yankee Global Enterprises, and a member of
the Board of Trustees of the Harvard Lampoon.
About 21st Century Fox
21st Century Fox is the world's premier portfolio of cable, broadcast,
film, pay TV and satellite assets spanning six continents across the
globe. Reaching nearly 1.5 billion subscribers in more than 100 local
languages every day, 21st Century Fox is home to a global portfolio of
cable and broadcasting networks and properties, including FOX, FX, FXX,
FXM, FS1, Fox News Channel, Fox Business Network, Fox Sports, Fox Sports
Network, National Geographic Channels, MundoFox, STAR, 28 local
television stations in the U.S. and more than 300 channels that comprise
Fox International Channels; film studio Twentieth Century Fox Film; and
television production studios Twentieth Century Fox Television and Shine
Group. The Company also provides premium content to millions of
subscribers through its pay-television services in Europe and Asia,
including Sky Deutschland, Sky Italia and its equity interests in BSkyB
and Tata Sky. For more information about 21st Century Fox, please visit www.21CF.com.
Cautionary Statement Concerning Forward-Looking Statements
This release contains certain "forward-looking statements," which are
based on management's views and assumptions regarding future events.
These forward-looking statements speak only as of the date hereof.
Actual results and events may differ materially from these expectations
due to factors that are detailed in our filings with the Securities and
Exchange Commission. We do not have any obligation to publicly update
any of these "forward-looking statements" to reflect subsequent events,
circumstances or otherwise, except as required by law.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20140326005577/en/
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