Media

Murdoch brothers move up

Lachlan Murdoch, the eldest son of Rupert Murdoch, has been named non-executive co-chairman of both 21st Century Fox and News Corp., the publisher of The Post.

“In this elevated role, Lachlan will help us lead News Corp. forward as we expand our reach and invest in new technologies and markets around the world,” News Corp. Executive Chairman Rupert Murdoch said in a statement Wednesday.

Robert Thomson, chief executive of News Corp., said: “His early appreciation of the value of REA, the digital property site that is a jewel in our crown, is an indicator of his prescience and strategic savvy.”

Lachlan, who is a former publisher of The New York Post, currently sits on the boards of both News Corp. and 21st Century Fox, the entertainment company that was split from News Corp. last June.

He is also executive chairman of NOVA Entertainment Group, an Australian radio and streaming music company. He will divide his time between New York and Sydney.

James Murdoch, Rupert Murdoch’s other son, was elevated to co-chief operating officer of 21st Century Fox. He was deputy chief operating officer and chairman and CEO, International.

“James has been a great partner and in many ways this appointment formalizes the role he’s been playing for some time, and acknowledges the contribution he has made in driving our businesses to new heights,” said Chase Carey, president and chief operating officer at 21st Century Fox.