Those companies are News Corp and the TV and film producer 21st Century Fox.
For years speculation had been rife over which of the six children of the 83-year-old magnate would take over for him.
Murdoch did not totally clarify his intentions, as he promoted another of his sons, James, to be co-director of operations at 21st Century Fox.
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Murdoch names son Lachlan as vice-president of media empire
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Murdoch names son Lachlan as vice-president of media empire
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