Rupert Murdoch to Put Media Empire in Sons’ Hands

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Mr. Murdoch is expected to name his son James to succeed him as chief executive of 21st Century Fox, the sprawling entertainment company that includes cable and broadcast television networks, film studios and satellite companies, multiple people briefed on the plans said on Thursday.

He also is expected to elevate his son Lachlan to the role of co-executive chairman of the company. Lachlan, 43, is moving from Australia to Los Angeles and will work in partnership with James, 42, these people said.

Rupert, 84, will remain at the company as executive chairman.

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