Monday, September 25, 2023

The Murdoch Story Is the Endless Pursuit of Control, Power and Profit – Rupert’s Resignation Is Unlikely to Change That

THE GUARDIAN – OPINION: Despite being deeply ensconced in global media, business and political circles, Rupert Murdoch liked to portray himself as an outsider ‘sticking it’ to the elites

Rupert Murdoch is handing the reins of News Corp to son Lachlan but he will remain involved with the media empire he built. Photograph: Evan Agostini/Invision/AP

On 9 September 1953, a small page-two item in the Adelaide News announced: “Mr Rupert Murdoch, son of the late Sir Keith Murdoch, is to join the staff of News Ltd.” Seventy years later almost to the day, the news of his resignation as chairman of the global media empire that company became arrived to noticeably more fanfare.

When I started writing about the 92-year-old’s early years, the inevitability of his exit presented a poignant vantage point to take stock of how the Murdoch model came to be, when the endpoint — and the damage — is clear.

Like News Corporation’s new chair, Lachlan Murdoch, Rupert was groomed for success by his father, Sir Keith. One of Australia’s most prominent and controversial newspapermen, Murdoch Sr had spent his final years acquiring companies such as News Ltd as part of a small family chain for his occasionally wayward son to inherit — a son he regarded as a “zealous Laborite” with “alarming left-wing views”, but hoped might lead a “useful altruistic and full life” in the media. » | Walter Marsh | Monday, September 25, 2023