He has made a huge contribution over the last two years, helping to stabilise the Australian newspapers."
News Corp's chief executive Robert Thomson said the management changes were part of a "clear plan to use Australia as a base for significant expansion of our presence in Asia, while ensuring that our traditional businesses in Australia are developed to their full potential".
They come just days after Rupert Murdoch's 21st Century Fox said its board had approved a shake-up that puts the 84-year-old tycoon's son James in the chief executive job from July 1.
The media-entertainment conglomerate's board approved the plan under which the Australian-born magnate steps down as CEO and becomes co-executive chairman with his other son, Lachlan.
Read more: http://www.businessinsider.com/afp-new-management-at-news-corp-to-push-asia-expansion-2015-6#ixzz3eK4I9cAl