THE NEW YORK TIMES: A new deal gives him control of his family’s media empire, including Fox News, for probably decades to come.
The question of succession has hung over Lachlan Murdoch his entire life. It has finally, definitively been answered.
The family’s empire, built over more than 70 years by his father, Rupert, is his to control for probably decades to come. Thanks to a $3.3 billion deal he reached with his three oldest siblings, Mr. Murdoch will be able to oversee the family’s media business until at least 2050.
The agreement immediately cements Mr. Murdoch, 54, as one of the world’s most powerful men. And it means that his companies — which own Fox News, The New York Post and The Wall Street Journal, among other properties — are likely to maintain their firm conservative tilt. Keeping that ideological bent has been a top priority for his father, who has preferred his elder son as his permanent successor over the three less politically conservative siblings.
Now the global Murdoch kingdom will fall under the control of an intensely private former philosophy student, a New Yorker turned proud Australian who transplanted his family to Sydney, and a digital enthusiast who has pushed his father’s analog media business into the realms of podcasts and streaming platforms. » | Katie Robertson and Michael M. Grynbaum | Tuesday, September 9, 2025
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Showing posts with label Rupert Murdoch. Show all posts
Showing posts with label Rupert Murdoch. Show all posts
September 09, 2025
September 21, 2023
Rupert Murdoch Steps Down as Fox and News Corp. Chairman, Son Lachlan Now Chairman of Both
VARIETY: Rupert Murdoch is stepping down as Fox and New Corp chairman, the companies announced today. His son, Lachlan, will take over the role at each company as Rupert moves into a chairman emeritus role. Rupert’s career at Fox began nearly 70 years ago in 1954. The new board moves will be effective as of the Annual General Meeting of Shareholders of each company in mid-November.
“On behalf of the FOX and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career,” said Lachlan Murdoch in a statement. “We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted. We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies.” » | Zack Sharf | Thursday, September 21, 2023
Labels:
Fox News,
News Corp.,
Rupert Murdoch
September 12, 2008
THE TELEGRAPH: Media mogul Rupert Murdoch appears to be pulling out of Russia just days after investigators raided the offices of News Corporation's outdoor advertising arm.
News Outdoor, wholly owned by News Corp, is in exclusive sale talks with JCDecaux in a deal that could value the company at up to $1bn (£570m).
It is understood that talks between the two companies were ongoing before the raids on Monday evening, with the sale appearing to be indicative of the tycoon's feelings towards doing business in the country.
Just last month, Mr Murdoch said: "The more I read about investments in Russia, the less I like the feel of it. The more successful we'd be, the more vulnerable we'd be to have it stolen." Rupert Murdoch's News Corporation Sells Russian Ad Firm >>> By James Quinn, Wall Street Correspondent | September 11, 2008
The Dawning of a New Dark Age – Dust Jacket Hardcover, direct from the publishers (US) >>>
The Dawning of a New Dark Age – Paperback, direct from the publishers (US) >>>
Subscribe to:
Posts (Atom)
