NEW YORK: Rupert Murdoch's 21st Century Fox said Tuesday its board approved a shakeup that puts the 84-year-old tycoon's son James in the chief executive job effective July 1. The media-entertainment conglomerate's board approved the plan in which the Australian-born magnate would step down as CEO and become co-executive chairman with his other son, Lachlan. The succession plan, which was leaked last week by sources close to the company, allows Rupert Murdoch to ease out of the day-to-day management of the group, with his sons sharing many of those tasks.
LONDON — Former News of the World editor Andy Coulson was convicted of phone hacking Tuesday, but fellow editor Rebekah Brooks was acquitted after a monthslong trial centring on illegal activity at the heart of Rupert Murdoch’s newspaper empire.
A jury at London’s Old Bailey unanimously found Coulson, the former spin doctor of British Prime Minister David Cameron, guilty of conspiring to intercept communications. Brooks was acquitted of that charge and of counts of bribing officials and obstructing police.
News Corporation, the newly devolved publishing division in Rupert Murdoch's global empire starts, launches on the New York and Sydney stock exchanges on Monday with the aim of dominating the smartphone market for news, entertainment and information.