For Lachlan Murdoch, this moment has been a long time coming. Assuming, of course, that his moment has actually arrived. On Thursday, his father Rupert Murdoch announced that in November he'll step down as the head of his two media companies: News Corp. and Fox Corp. Lachlan will become the chair of News Corp. while remaining chief executive and chair at Fox Corp., the parent of Fox News Channel. The changes make Rupert's eldest son the undisputed leader of the media empire his father built over
For Lachlan Murdoch, this moment has been a long time coming. Assuming, of course, that his moment has actually arrived.
Given Rupert Murdoch's advanced age, this might be his last power move. But there's a reason the HBO drama “” was often interpreted as a thinly disguised and dark satire of his family business. In Murdoch World, as in the fictional world of the Roy family, seemingly sure things can go sideways in an instant, particularly when unexpected opportunities arise.
“The real point was that Lachlan felt Rupert had backed his executives over his son,” Manning said in an interview. “So Lachlan felt, 'If I'm not going to be supported, then what's the point?'” Manning did not have direct access to Lachlan for his book “The Successor,” but said he spoke in depth with the people closest to his subject.
“He was watching the family tear itself apart over the phone-hacking scandal,” Manning said. Lachlan was “instrumental in trying to circle the wagons and turn the guns outwards, and stop Rupert from sacking James.”
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Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.NEW YORK (AP) — Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings. Fox said in an announcement on Thursday that Murdoch would become chairman emeritus of both companies. His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp. Lachlan Murdoch said that “we are grateful that he will serve as chairman emeritus and know he will continue to provide
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Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings.
Read more »
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings.
Read more »
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.NEW YORK (AP) — Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings.
Read more »
Rupert Murdoch stepping down as head of News Corp. and Fox Corp.His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp.
Read more »
Rupert Murdoch stepping down as head of News Corp. and Fox Corp.His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp.
Read more »