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Rupert’s girl to step down after big TV merger
ELISABETH Murdoch is to walk out on the TV production empire she built when the planned merger between her Shine Group and two other companies – Endemol and Core Media – is completed.
Rupert Murdoch’s 46-year-old daughter launched Shine in 2001 and has remained in charge over the last two years following its acquisition by 21st Century Fox in 2011 for $675 million (£416m).
Once the merger is finalised, the younger Murdoch will step down, the Sydney Morning Herald reported, and former BSkyB content executive Sophie Turner Laing will become chief executive officer.
It will be the world’s biggest production company boasting a raft of top content.