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Rupert Murdoch said to hand Fox CEO title to son James

LOS ANGELES — Rupert Murdoch is preparing to step down as chief executive officer of 21st Century Fox Inc. and hand the title to his son James, according to a person familiar with the matter, confirming a long-expected generational succession. Murdoch, the company's 84-year-old founder, will remain chairman, said the person, who asked not to be identified because the deliberations aren't public. The changes will include the appointment of Murdoch's older son, 43-year-old Lachlan, to the role of co-executive chairman. "The matter of succession is on the agenda at our upcoming, regularly scheduled board meeting," Fox said in a statement Thursday, without...

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