Media mogul Rupert Murdoch to step down as chief executive of 21st Century Fox!

Media mogul Ruper Murdoch will soon step down as the chief executive of -entertainment conglomerate 21st Century Fox pave way for his son James to head the media giant.

According to media reports, the 84 year old tycoon will continue as the executive chairman of the group with his other son Lachlan as co-chairman in the move this year or in early 2016. However, 42 year old James Murdoch will be responsible for the daily functioning of the company.

The news has not yet been confirmed by the company.

Image: Indiatimes.com