James Murdoch, 34, will soon lead the operations of the Asia and Europe News Corporations, following his father's footsteps, Robert Murdoch, as the global media empire. The young Murdoch was personally tapped by his father to take over all the operations of all media entities owned by their family. With regards to this, a corporate restructure to all media entities will also happen the soonest.
James Murdoch's return to News Corp addresses long-held investor concern over who will take over the media and communications empire from the 76-year-old mogul.
"This is grooming James for a larger role longer term at News Corp," Pali Research analyst Richard Greenfield said. "He has proved himself beyond a doubt over the last several years at BSkyB."
Murdoch's older son, Lachlan, 35, once a top executive at News Corp. and viewed as the heir apparent, left the company in 2005 to start a new venture, Illyria.
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