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		</div><p>Rupert Murdoch is preparing to hand over the CEO job at 21st Century Fox to his son James, according to multiple media reports.</p>
<p>James Murdoch, 42, is the company&#8217;s co-chief operating officer.</p>
<p>His brother Lachlan, 43, currently non-executive co-chairman at Fox, will become executive co-chairman along with his father, according to the reports.</p>
<p>Fox News reported the pending move in a story attributed to Rupert Murdoch on its website.</p>
<p>Rupert Murdoch, 84, one of the world&#8217;s most powerful media barons, is also the chairman and controlling shareholder of the company behind Fox News Channel, Fox broadcast network and the 20th Century Fox movie studio, through a family trust that owns shares.</p>
<p>Mr Murdoch&#8217;s company started with a single newspaper in his native Australia. He grew it across many media platforms in the UK, the US, Germany, Italy and India.</p>
<p>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.</p>
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