Rupert Murdoch’s announcement on Thursday that he was stepping back from day-to-day oversight of his media empire cleared the way for his eldest son, Lachlan, to claim sole oversight of the businesses. The move made it clear that Rupert Murdoch would like to see Lachlan run the companies. But it didn’t answer the question of […]
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The next chapter in the Murdoch family drama Rupert Murdoch’s bombshell retirement announcement on Thursday apparently ended some speculation over a real-life succession story that gripped the business world (and even inspired a must-watch fictional one). Murdoch, 92, will become chairman emeritus of Fox and News Corporation and named Lachlan, his elder son, as the […]
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Lachlan Murdoch’s path to succession has been rocky at times, but he is finally getting the family prize: sole possession of the keys to his father’s media empire. Mr. Murdoch, the elder son of Rupert Murdoch, solidified his rise to the top on Thursday when his father, 92, announced that he would retire from the […]
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In Wolff’s telling, Murdoch is a sort of hapless Frankenstein, abominating the monster he set loose on the world but unsure how to fight him. This waffling, however, is a product of the same venality that has always undergirded Murdoch’s old-fashioned right-wing politics. In his farewell letter, Murdoch, the Oxford-educated son of a wealthy Australian […]
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Rupert Murdoch is retiring from the Fox and News Corporation boards, the company announced Thursday morning, making his son Lachlan the sole executive in charge of the global media empire he built from a small local newspaper concern in Australia starting 70 years ago. The elder Mr. Murdoch will become chairman emeritus of the two […]
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New York City’s pension funds sued the Fox Corporation and its board on Tuesday, accusing the company of neglecting its duty to shareholders by opening itself up to defamation lawsuits from the persistent broadcasting of falsehoods about the 2020 presidential election. The lawsuit, filed in the Delaware Court of Chancery, is the most significant shareholder […]
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