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Fox TV chief and Murdoch favorite Peter Rice extends contract
Fox TV chief and Murdoch favorite Peter Rice extends contract

News that Fox TV chief Peter Rice had renewed his employment contract came, fittingly enough, in a press release about Rupert Murdoch's plans for corporate succession of his vast media empire. Wednesday's news release chronicled the return of Murdoch's eldest son, Lachlan Murdoch, 42, to a prominent role as co-chairman of the two companies. It detailed the elevation of James Murdoch, 41, into the powerful post of co-chief operating officer of 21st Century Fox. Midway through the release appeared this line: "In addition to these appointments, the company also announced that Peter Rice, chairman and CEO Fox Networks Group, has agreed to extend his employment...

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