The shift in leadership comes after last December's announcement that the Walt Disney Company plans to acquire many 21st Century Fox assets in a $52.4 billion deal, which is now pending approval - though rival media giant Comcast has threatened to derail the merger.
John Nallen, now CFO of 21st Century Fox, will serve as chief operating officer of New Fox.
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The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . During the quarter, Macy's also made $24 million in gains on real estate sales and spent $19 million winding down Macy's China.
On Wednesday, Lachlan Murdoch, 46, said in a statement that "we have worked through the winter "standing up" a reimagined independent Fox".
21st Century Fox has unveiled the executive structure of the proposed "New Fox" group in the United States, which will be formed if a proposed buyout of its other assets by Disney goes ahead.
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Thomas Markle was also supposed to walk her daughter down the aisle during the church ceremony at the grounds of Windsor Castle . According to the 73-year-old, doctors told him his heart was "seriously damaged" after the heart attack a week ago.
Lachlan Murdoch (left) will be CEO of the new Fox company, with his brother James (right) expected to depart. Fox is now trying to sell off $52 billion of TV and entertainment assets, and once the deal is finalized, the resulting company will be lead by Rupert Murdoch and his son. The deal also has Fox's share of Hulu going to Disney, which means the latter will have 60 percent of that digital VOD asset, and Disney also is supposed to get Fox's 39 percent share of Sky, the European TV giant. It expects to ask shareholders for approval of the transaction this summer. The Wall Street Journal reported this month that James will not take a position with Disney after the Fox acquisition. "The strengths of the new company, a leader in news, sports and entertainment, present truly unique opportunities".
The company has declined to comment on reports that Comcast Corp is preparing a rival all-cash offer for the same Fox assets.
The New Fox will revolve squarely around TV assets including the Fox Broadcasting Co. network and its TV station group, and the Fox News and Fox Sports operations. But that began to change after Lachlan rejoined the business almost a decade later.
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Representatives of the Syrian government and some rebel groups attend the sessions, and the United Nations and Jordan generally send observers.
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