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Rupert Murdoch preparing to step down as CEO of FOX

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Robert LeCompte

Rupert Murdoch, the (in)famous CEO of 21st Century FOX, is preparing to step down from his position at the company and hand the reins to his son, James (who has faced his own controversies over phone hacking by British reporters in a unit he headed). Another son, Lachlan, will become an executive co-chairman as well, reports CNBC. It's not clear yet when an announcement regarding the changes and their timing will be made. Murdoch, 84, will continue to serve as an executive chairman.

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By Robert LeCompte

Robert LeCompte is an editorial intern at Crosscut. He studies communications and film at The Evergreen State College where he recently transferred from Maryland. When not working, he can usually be f