All financial empires are eventually ruined by the spoiled brats that get to rule it - FOX NEWS isn't going to last long..
With James and his elder brother, Lachlan, 45, who is the executive chairman of 21st Century Fox, firmly entrenched as their father’s successors, they are now forcibly exerting themselves. Their father remains very involved, but his sons seem determined to rid the company of its roguish, old-guard internal culture and tilt operations toward the digital future. They are working to make the family empire their own, not the one the elder Murdoch created to suit his sensibilities.
“They are both young enough to see and understand that the company has to change,” said Doug Creutz, a media analyst at Cowen and Company. “At some media companies, there is a feeling that people are being dragged kicking and screaming into the digital future. I don’t get that sense with the brothers at all.” MORE