Ever since the Shine-Endemol-Core Media mega-merger was first floated, speculation has swirled over what it would mean for Shine founder Elisabeth Murdoch. The speculation can now be put to rest as Murdoch will indeed leave her role as chairman of Shine if and when the proposed merger goes through, a source with knowledge of the situation confirms.
It was Murdoch’s father Rupert’s then-News Corp that acquired Shine in 2011. Now it’s dad’s reshaped 21st Century Fox that is behind the tie-up of Shine and the other indie giants. The speculation surrounding Liz’s future role grew since Sunday’s news that Sophie Turner Laing would be CEO of a newly combined company.
Liz Murdoch had already begun distancing herself from the day to day operations of Shine when she appointed Alex Mahon CEO. Mahon announced her own departure to staff on Sunday night, a day after the announcement that a combined group would be led by former top BSkyB executive Sophie Turner Laing.
Murdoch also recently invested her own money in Locksmith Animation. It’s unclear what her future plans will be.