The new Fox Corp. begin trading publicly following the completion of Walt Disney's purchase of 21st Century Fox.
Lachlan Murdoch's Fox is focused on growth after walking away from bidding for its former regional sports networks
Outgoing Twenty-First Century Fox Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla chairman, the Financial Times reported on Wednesday, but Musk in a tweeted reply to the newspaper said, "This is incorrect."
As Rupert Murdoch moves to sell off wide swaths of his media and entertainment business, he is also throwing into confusion the line of succession.
Disney is Fox's preferred buyer, and it explains the Murdoch family's priorities and view of the current media business.
Twenty-First Century Fox has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel.