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NEW YORK — Lachlan Murdoch, Rupert Murdoch’s older son and once his heir apparent, on Wednesday was named nonexecutive cochairman of 21st Century Fox and News Corp., in a return to the executive ranks of his father’s business after a nine-year absence.
Rupert Murdoch, 83, will remain executive chairman of News Corp. and chairman and chief executive of 21st Century Fox, the entertainment company split off from News Corp. last summer.
Lachlan Murdoch’s brother, James, was promoted to co-chief operating officer at 21st Century Fox. He will share duties with Chase Carey.
It was not clear whether the appointments established either brother as more likely to succeed his father.
Rupert Murdoch said Lachlan Murdoch’s appointment was “a sign of confidence in the growth potential of News Corporation.”