Rupert Murdoch and former wife Wendi at a Vanity Fair party celebrating the 10th anniversary of the Tribeca Film Festival. Photo: David Shankbone.

New York Times – Rupert Murdoch’s long-held plan to hand over his media empire to his sons is now being realized.

Mr. Murdoch is expected to name his son James to succeed him as chief executive of 21st Century Fox, the sprawling entertainment company that includes cable and broadcast television networks, film studios and satellite companies, multiple people briefed on the plans said on Thursday.

Read full story.