How Lachlan Murdoch Became the New Head of Fox and News Corp

THE GUARDIAN: Rupert Murdoch’s passing the crown to Lachlan comes as Fox News faces a difficult balancing act in the run-up to the 2024 election

Lachlan Murdoch, 52, spent a decade away from the Fox and News Corp empire, before returning in 2014. Photograph: Evan Agostini/Invision/AP
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

Rupert Murdoch Steps Down as Fox and News Corp. Chairman, Son Lachlan Now Chairman of Both

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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