Rupert Murdoch preparing to step down as Fox CEO: reports

Rupert Murdoch preparing to step down as Fox CEO: reports

Rupert Murdoch, the 84-year-old chief executive of Twenty-First Century Fox Inc, is preparing to step down and name his son James as successor at the entertainment conglomerate behind Fox News and the studio that makes "X-Men" movies, CNBC and Bloomberg reported on Thursday.

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