In The Hill, Joe Concha reports:
"Lachlan Murdoch ... has been named chairman and CEO of New Fox, which will launch after 21st Century Fox sells a considerable amount of its TV and entertainment holdings to Walt Disney Co."
Rupert will serve as co-chairman.
The deal has yet to be approved by the federal powers that be. However, Disney had agreed to pony up $52.4 billion for many of 21st Century Fox's assets. Excluded are:
Fox Business Network
Fox Sports 1 or 2
Big Ten Network or the Fox broadcasting network and stations.
Those represent the core which the late Roger Ailes put together. He had been a media genius. But, the House of Ailes began to crumble even before allegations about sexual misconduct.
Gabriel Sherman had published the negative biography of Ailes - "The Loudest Voice in the Room." It caught fire.
To attempt to neutralize that force, Ailes' personal public relations representative - Bob Dilenschneider - paid about $15,000 to promote in The New York Times a positive biography. Problem was that the happy clappy one had already been on the market about a year.
Members of the media smelled something fishy. They traced the purchase back to Dilenschneider. Rather than the caper helping Ailes, it made him appear ham-handed at his own public relations.
The world smirked. Was Ailes off his game? That Battle of the Books made it seem so. One underlying question had been: Had Ailes chosen the wrong personal public relations representative?
Then came the accusations about alleged pay-t0-play sexual antics. Ailes was forced out.
However, the Fox franchise is thriving without him.
Contact Jane Genova email@example.com.