News Corp. (NWS, NWSA) announced Friday that Tom Rothman will step down as Chairman and Chief Executive Officer of Fox Filmed Entertainment at the end of the year.
The company said that Leadership of the film unit has been consolidated under Chairman and Chief Executive Officer Jim Gianopulos, who has served with Rothman since 2000.
The company also announced a reorganization of its studio operations that separates the film and television production units. As a result, the film business will now assume the name Twentieth Century Fox Film, and is comprised of Twentieth Century Fox Film, Fox Searchlight Pictures, Fox 2000, Fox Animation/Blue Sky Studios, Fox International Productions, and Fox Home Entertainment.
News Corp. stated that Twentieth Century Fox Television, which also includes Fox Television Studios and Fox 21, is now an autonomous business unit within News Corporation, and will no longer be combined with the Company's film operations. The company noted that current Co-Chairs Dana Walden and Gary Newman will now report directly to Chase Carey, News Corp.'s President and Chief Operating Officer.
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