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Murdoch's heir apparent

Wednesday, 26 Mar 2014 | 3:18 PM ET

Rupert Murdoch has tapped his eldest Lachlan Murdoch for a key leadership position within his empire. David Folkenflik, author of "Murdoch's World: The Last of the Old Media Empires," and Brian Mulligan, former chairman of Fox Broadcasting Group, discuss the significance of the move.