Rupert Murdoch is reportedly stepping down as chief executive of entertainment company Twenty-First Century Fox and handing over the reigns to his son James. <br /><br /> It is understood that James will work in tandem with his brother Lachlan in a “partnership.”<br /><br /> But it seems 84-year-old Rupert will still have the final say with what goes on at Fox, by staying on as executive chairman. <br /><br /> “He will be pulling the strings, no matter what happens underneath. He puts his son in as CEO, his son James,” explained Jeffrey Goldfarb, Reuters breakingviews columnist.<br /><br /> “His son Lachlan, who is already co-chairman, comes over as executive co-chairman, which is sort of a subtle change, but meaningful.”<br /><br /> It is unclear whether the re-organisation will happen this year, or in 2016.<br /><br /> The matter is due to be discussed at the next company board meeting.<br /><br /> Twenty-First Century Fox is behind Fox News and the studio that makes the “X-Men” movies.
