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| -Great Cultural Revolution |
| Rupert Murdoch, 92, to step down as chairman of Fox and NewsCorp after 70 years - with son Lachlan set to take over |
| 2023-09-22 |
| [Daily Mail, where America gets its news] Changing of the guard. Rupert Murdoch today announced that he is stepping down as chairman of Fox and News Corp after 70 years - with second son Lachlan chosen by his father to take over the family's media dynasty. The Australian-born billionaire, 92, revealed he will move to a new role of Chairman Emeritus, declaring the 'time is right' to take on different responsibilities while insisting 'our companies are in robust health, as am I'. His son Lachlan, 52, will become the sole chairman of both Fox and News Corp in mid-November - taking on an empire that has made the Murdochs worth an estimated $21.7billion (£17.6billion). Mr Murdoch has been married four times and has six children. There has long been speculation about which of his four older children — Prue, Elisabeth, Lachlan and James, would take over a media empire spanning from Australia to the US and UK, built over seven decades. This power struggle was the inspiration for the hit HBO drama Succession, with eventual winner Lachlan reportedly even accusing his older brother James, once the heir apparent, of leaking stories about the family to the show's writers. In an extraordinary letter to staff today, Mr Murdoch, who owns the The Sun, Times and Sunday Times newspapers in the UK as well as Fox News, The Wall Street Journal and the New York Post in the US, said: 'The time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan. 'We have every reason to be optimistic about the coming years - I certainly am, and plan to be here to participate in them. But the battle for the freedom of speech and, ultimately, the freedom of thought, has never been more intense'. Insisting that he is not stepping back from the day-to-day running of his empire he said: 'For my entire professional life, I have been engaged daily with news and ideas, and that will not change. In my new role, I can guarantee you that I will be involved every day in the contest of ideas'. He also claimed that most of the media were 'in cahoots with those elites, peddling political narratives rather than pursuing the truth'. James Murdoch, once viewed as the favourite to succeed his father after he led the family's response to the phone hacking scandal in Britain, was reportedly 'iced out' of the Murdoch family reunion on the Amalfi Coast over the summer. The international media empire being taken over by Lachlan Murdoch Rupert Murdoch's son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox. There are some of the companies and publications he will run from November. UNITED STATES Fox Corporation including Fox News New York Post The Wall Street Journal TMZ UNITED KINGDOM The Sun The Times The Sunday Times AUSTRALIA The Australian The Daily Telegraph The Courier-Mail Herald Sun Australian Associated Press news.com.au He quit the board of the family media in 2020, citing 'disagreements over certain editorial content published by the Company's news outlets and certain other strategic decisions' - viewed as an attack on Lachlan, who runs Fox News. Today it was confirmed Lachlan would take the reins - less than 20 years after he walked out on his father's businesses, only to come back in 2015 and help run Fox News. He has paid tribute to his father's legacy. In a statement he said: '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. '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'. A spokesman confirmed that Lachlan's new role will start at the end of the Autumn after two AGMs. |
| Posted by:Skidmark |
| #11 Fox is like the huffington post, full of click baits and articles designed to infuriate readers. It's sad when the Daily Mail has better articles than Fox does. |
| Posted by: Seeking Cure For Ignorance 2023-09-22 18:00 |
| #10 The best TV theme music since Perry Mason... |
| Posted by: Abu Uluque 2023-09-22 13:54 |
| #9 I read'em so you elitists don't have to. |
| Posted by: Skidmark 2023-09-22 12:20 |
| #8 After Fox did a 180, it was clear he had cognitive impairment issues. Some people are such control freaks, they cannot hand over the reins and power. |
| Posted by: NN2N1 2023-09-22 07:13 |
| #7 Optimizing the turd stack will not change to outcome of what ends up stuck in the waffle pattern of your tennis shoe. |
| Posted by: Super Hose 2023-09-22 07:04 |
| #6 (Newsweek) Lachlan also has a close relationship with former Fox anchor Tucker Carlson, who was the most right-wing of the network's stars and a close ally of former President Donald Trump. |
| Posted by: Jeremiah Jomosing7109 2023-09-22 00:25 |
| #5 When Carlson left, I left. |
| Posted by: Besoeker 2023-09-21 10:48 |
| #4 I stopped consuming their garbage a long time ago. |
| Posted by: M. Murcek 2023-09-21 10:45 |
| #3 George Soros Breaks Silence, Backs Defense Against Murdoch “Can’t Stop Lying” |
| Posted by: Skidmark 2023-09-21 10:44 |
| #2 Rupert Murdoch's youngest son resigns, signaling rift in multibillion-dollar family empire |
| Posted by: Skidmark 2023-09-21 10:30 |
| #1 RETRO: Soros vs Murdoch: The battle for the soul of America |
| Posted by: Skidmark 2023-09-21 10:27 |