Rupert Murdoch’s decision to hand the keys of his global media empire, including the role of chairman of both Fox Corp and News Corp, to his eldestson Lachlan brings to an end to years of speculation over his desired plan for succession.
Lachlan Murdoch, 52, now gains sole control of a media group that has reshaped the media landscape across continents and radically altered politics in the US. The move is the fulfillment of a promise first indicated in 2019, when the elder Murdoch named Lachlan as heir to his business.
“This is Lachlan’s best chance to prove to investors and his family that he is the best option for the future,” said David Folkenflik, NPR’s media correspondent and author of Murdoch’s World: The Last of the Old Media Empires. But he warned that it remained uncertain whether the successor could hold the empire together. » | Ed Pilkington and Dominic Rushe | Thursday, September 21, 2023
