Rupert Murdoch handed over 21st Century Fox, the conglomerate behind Fox News, to sons James and Lachlan July 1, 2015. James is now CEO and Lachlan executive co-chairman. Last year Murdoch elevated his sons to prominent positions, James to co-COO and Lachlan to non-executive co-chairman, but the turnover of the conglomerate came sooner than expected.
For 15 years, Roger Ailes has enjoyed near total autonomy as head of Fox News, but Ailes' sovereign rule ended abruptly with the move. A 21st Century Fox spokesperson told The Hollywood Reporter from now on, "Roger will report to Lachlan and James."