A Closer Look at James Murdoch, Next Head Of 21st Century Fox03:29
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From left, James Murdoch, Deputy COO, Chairman and CEO Intl. 21st Century Fox and Rupert Murdoch, Chairman and CEO of 21st Century Fox, attend the 2013 Benefit Gala Honoring FX Networks with the Paley Prize for Innovation and Excellence on Wednesday, October 16, 2013 in Los Angeles. (Frank Micelotta/Invision for FX Networks/AP)
From left, James Murdoch, Deputy COO, Chairman and CEO Intl. 21st Century Fox and Rupert Murdoch, Chairman and CEO of 21st Century Fox, attend the 2013 Benefit Gala Honoring FX Networks with the Paley Prize for Innovation and Excellence on Wednesday, October 16, 2013 in Los Angeles. (Frank Micelotta/Invision for FX Networks/AP)
This article is more than 4 years old.

Rupert Murdoch is preparing to step down as CEO of the media giant 21st Century Fox, and he will pass the baton to his son James Murdoch.

The younger Murdoch's reputation was dragged through the mud three years ago during a phone hacking scandal in the U.K. that embroiled the company. He left London, in a move that now looks like a strategic attempt to try to move on from the scandal and rebuild his image.

Bloomberg TV reporter David Gura joins Here & Now's Peter O'Dowd with details on Rupert's replacement.

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This segment aired on June 12, 2015.

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