Murdoch Son Sells 18.5% of 21st Century Fox Stake

By: John Kell | Market Watch

James Murdoch, 21st Century Fox Inc.'s (FOX, FOXA, FOX.AU) deputy chief operating officer, has sold about 18.5% of his stake in the media company in a transaction valued at $15 million.

Mr. Murdoch, son of 21st Century Fox Chairman and Chief Executive Rupert Murdoch, disclosed he sold 455,000 Class A shares at an average price of $32.97. James Murdoch still owns nearly two million Class A shares of 21st Century Fox.