News Corp. has named James Murdoch, the son of Chairman and CEO Rupert Murdoch, to the newly created post of deputy chief operating officer and chairman and CEO of international operations.
News Corp. said Wednesday that James Murdoch, who is considered to be the front runner to take over the media empire, will work closely with Rupert Murdoch. He will continue to report to Chase Carey, the company's deputy chairman, president and chief operating officer.
James Murdoch, 38, has served in senior roles at News Corp. for 15 years. He has been chairman and CEO of the company's European and Asian operations since 2007. He will move to New York from London in his new role.
News Corp. recently agreed to buy Shine Group., the U.K.-based television production company founded by Rupert Murdoch's daughter, Elisabeth. If the deal is approved, it would bring Murdoch's eldest daughter, at age 42, back to News Corp. 11 years after she left. She is expected to join the company's board along with James and her other brother, Lachlan, who has no management role at the company.
Rupert Murdoch, who recently turned 80, controls News Corp. through a family trust that holds 40 percent of the company's Class B voting shares. He also has school-aged daughters with wife Wendi Deng.