Twenty-First Century Fox said Tuesday that Rupert Murdoch will turn over more power to his sons James and Lachlan on July 1.
James Murdoch, 42, will become CEO and Lachlan Murdoch, 43, will become executive co-chairman of the company that day. News of the Murdoch brothers' promotions at Fox emerged last week but the timing had not been confirmed.
Twenty-First Century Fox's holdings include Fox News Channel, Fox broadcast network and the 20th Century Fox movie studio. Corporate functions as well as TV and film operations will jointly report to the Murdoch brothers, the company said.
Eighty-four year-old Rupert Murdoch has been CEO of the company since 1979 and chairman since 1991. He is also the executive chairman at News Corp., the company that now contains The Wall Street Journal and New York Post newspapers and book publisher HarperCollins.
Chase Carey, president and co-chief operating officer, will stay with Twenty-First Century Fox until June 30, 2016 as its executive vice chairman.
In March 2014 the company named James as co-chief operating officer and Lachlan was promoted to nonexecutive co-chairman.
Jean Smart, Ariana Grande, Michael Keaton among hosts for “SNL” season 50
Fresh off her Emmys win, Jean Smart will kick off the landmark 50th season of "Saturday Night Live."
NBC on Thursday announced the lineup of hosts for the season, which premieres Sept. 28. Joining Smart on the first show will be Jelly Roll as the musical act. He was also at the Emmys, singing during the ceremony's in memoriam segment.
It will be Smart's first time hosting "SNL."
Comedian Nate Bargatze will host on Oct. 5, with Coldplay as the musical guest.
Ariana Grande will host Oct. 12, with musical guest Stevie Nicks.
"Beetlejuice" star Michael Keaton will host on Oct. 19, the last show before Halloween, and Billie Eilish will be that night's musical guest.
The host on Nov. 2 will be "SNL" alum John Mulaney, with breakout sensation Chappell Roan as the music guest.
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