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In brief Marketing & Media North America

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    Time for a change of 21st Century Fox chief executive

    Media magnate Rupert Murdoch, will "step down as chief executive of his media-entertainment conglomerate 21st Century Fox", reports the Business Day BD Live.

    USA Today adds that Murdoch's move is actually a 'consolidation of family power' as his son James will take on the reins as chief executive.

    But the 84-year-old's media empire exit is not yet eminent, as he will remain executive chairman.

    Click here for Time's overview of how Murdoch first got into the media business.

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