Rupert Murdoch to hand over Fox CEO reins to son James

(Reuters) - Twenty-First Century Fox Inc said Rupert Murdoch will hand over the chief executive reins at the entertainment conglomerate to his 42-year-old son James.

Rupert Murdoch, 84, will become executive co-chairmen, along side his elder son Lachlan.

James is currently the co-chief operating officer of the company.

The company said the new changes are effective July 1.

(Reporting By Lehar Maan in Bengaluru; Editing by Savio D'Souza)