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James Murdoch Readies First Fox Earnings As CEO

NEW YORK (TheStreet) -- James Murdoch is no longer a sidekick at 21st Century Fox (FOXA - Get Report).

Wednesday's earnings announcement after the closing bell will be the first time James, the 42 year-old son of the mass media corporation's patriarch, Rupert Murdoch, headlines the Fox earnings call since officially taking over as chief executive on July 1.

James Murdoch and older brother Lachlan, 43, got promoted by their Australian-born father at a time when Fox has seen its advertising revenues slip along with the rest of the broadcast television industry. Fox's revenue was roughly flat in the quarter ending March 31, but advertising...