The Rupert Murdoch succession: Why 21st Century Fox may have a 'great man's progeny' problem

Is James Murdoch really the best qualified to lead 21st Century Fox?

Rupert Murdoch
(Image credit: Roger Ressmeyer/CORBIS)

It's the end of an era, folks: Rupert Murdoch is stepping down as chief executive officer of 21st Century Fox.

According to CNBC, Murdoch's son James Murdoch will take over the role of CEO. The patriarch himself will remain as the executive chairman — essentially the point man for the corporate board of directors. Murdoch's other son, Lachlan Murdoch, will remain as co-chairman.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.