Rupert Murdoch, infamous head of Fox Corp. and News Corp, has officially named his successor in his eldest son Lachlan Murdoch.
Lachlan will take control as sole chairman of News Corp, overseeing influential organizations such as the Wall Street Journal, Fox News and Fox Sports.
For more on the future of these companies under this new regime, Jennifer Hodges spoke with Jeffrey Sonnenfeld, Senior Associate Dean for Leadership Studies & Lester Crown Professor in the Practice of Management at Yale University.