• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, May 31
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Who is Lachlan Murdoch? What will happen to Fox and News Corp?
Business

Who is Lachlan Murdoch? What will happen to Fox and News Corp?

September 23, 2023No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Sept 21 (Reuters) – Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp (NWSA.O) and will continue as the chair and chief executive of Fox Corp (FOXA.O), the companies said on Thursday, settling for now the issue of succession in one of the world’s most powerful media empires.

The younger Murdoch will preside over influential news brands such as the Wall Street Journal, Fox News and the Sun – in Australia, the United States and UK – as well as Fox Sports, Fox Entertainment and others.

Lachlan Murdoch, 52, is the third-oldest of Rupert Murdoch’s six children. Born in London to Murdoch and his second wife, Anna, he grew up steeped in the media business. In an interview with the Australian Broadcasting Corporation’s “Dynasties” program, he said that every morning, before catching the school bus, he and his siblings would read the morning papers – The New York Post, The New York Times, the Daily News and the Wall Street Journal – with his father flagging stories of interest, ordering: “Read that.”

The best way to capture their father’s attention in the evenings was to talk about media or politics, according to Paddy Manning’s 2022 biography, “The Successor.” As Lachlan Murdoch got older, he would spend summers working in the family business, cleaning the presses for Sydney’s “Daily Mirror,” or working as a cub reporter for the “San Antonio Express-News.”

A rivalry between Lachlan and his younger brother, James, played out from an early age, where even family Monopoly games “were intense and everybody was prepared to cheat,” according to one published account.

See also  Writers Strike: IATSE Crowd Gathers in Solidarity at Fox Studios

Lachlan Murdoch and his siblings attended Dalton, a private school on Manhattan’s Upper East Side, and other elite schools, including Trinity School, where he formed the Trinity Conservative Society, “In an attempt to create a healthy balance between all points of view,” according to one yearbook entry cited by Manning.

After graduating in 1994 from Princeton, where he majored in philosophy, he entered the family business, spending three years in Australia, ascending the corporate ladder to become chairman of News Limited.

In 1999, Lachlan Murdoch assumed responsibility for print operations in the U.S. He rose to deputy chief operating officer at News Corp, overseeing the company’s U.S. television stations group and publishing assets, including the New York Post. Many saw him as being trained to assume the corporate reins as his father’s successor.

He abruptly resigned in 2005, creating questions about who would succeed Rupert Murdoch at the helm of the media empire he had assembled from a single newspaper in Australia. Lachlan Murdoch founded Illyria Pty, a private investment company, whose acquisitions included a network of Australian radio stations. In 2015, he returned to the family business, sharing the title of co-chairman of 21st Century Fox with his brother, James.

[1/3]Then Newscorp chairman Rupert Murdoch and son Lachlan Murdoch in the crowd before Super Bowl LI at NRG Stadium in Houston, Texas, U.S., February 5, 2017. Robert Deutsch-USA TODAY Sports/via REUTERS/File Photo Acquire Licensing Rights

The sale of Fox’s entertainment assets to Walt Disney (DIS.N) in 2019, in a $71-billion transaction, shrank the size of the Murdochs’ once-vast media holdings. The newly constituted Fox was reduced to a handful of assets, including the Fox broadcast network, Fox News, Fox Sports and Fox Business, with Lachlan Murdoch serving as its executive chair and chief executive officer.

See also  Embraer's electric aircraft maker Eve 'on track' to start service in 2026

Brother James Murdoch left Fox with the close of the Disney transaction.

As chief executive of Fox Corp since 2019, Lachlan Murdoch has presided over the media properties during seismic change in the industry, as viewers cut their cable subscriptions in favor of streaming services. Even so, Fox News has largely maintained its rating dominance, in part because of its appeal among politically conservative-leaning American viewers.

Lachlan Murdoch doesn’t speak publicly about his politics, according to an article in the New York Times magazine, which cited the 2016 memoir “Making Headlines,” by Chris Mitchell, the longtime editor of The Australian, as describing “Lachlan’s conservatism is more vigorous than that of any Australian politician” and that his views were usually to the right of his father’s.

A Fox spokesperson called that “just speculation,” adding “I wouldn’t want to put a label on him, but it wouldn’t be unfair to categorize him as a conservative.”

Fox’s loyalty to those viewers became a hot-button issue during discovery for Dominion Voting Systems’ lawsuit against Fox, in which the voting technology firm claimed that Fox perpetuated falsehoods about its voting machines in an effort to appease the network’s base of supporters of former U.S. President Donald Trump. Fox settled the lawsuit for $787.5 million in April, avoiding a trial in which Lachlan and his father were expected to testify.

In public remarks in the weeks following the settlement, Lachlan said that Fox had been acting as a news organization reporting on the newsworthy events of the day, and recommitted to Fox’s programming strategy.

See also  Alphabet, Match settle Google Play antitrust claims before US trial

While Rupert Murdoch built his legacy pursuing the television, movie and newspaper businesses with equal abandon, Lachlan’s legacy is still taking shape. In calls with investors, he often becomes animated when speaking about Tubi, an ad-supported streaming service that the company acquired for $440 million in 2020, and which is now valued at $3 billion.

Lachlan Murdoch’s family lives in Sydney, Australia, and he travels to Los Angeles, where Fox is based and they also maintain a home.

Reporting by Dawn Chmielewski in Los Angeles and Helen Coster in New York; Editing by Kenneth Li and Nick Zieminski

: .

Acquire Licensing Rights, opens new tab

Helen Coster is a Media Correspondent at Reuters, where she writes a mix of spot news, enterprise and analysis stories. She was previously a Senior Editor on Reuters’ Commentary team, where she assigned, edited and wrote analysis pieces.
Prior to joining Reuters, Coster worked as a senior writer at Forbes, where she wrote magazine and web stories and a blog about the intersection of business and social issues.
A graduate of Princeton University, she has reported from six countries, including Pakistan, India, and Greece.
Contact: 9178417220

Corp Fox happen Lachlan Murdoch News
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Béa Fertility Raises $3.2 Million In Funding To Roll Out Its At-Home Fertility Treatment

July 31, 2023

AI In Clinical Research Now And Beyond

September 18, 2023

‘Nothing Has Been Artificially Created’

June 25, 2023

Elmo’s Viral Wellness Check Uncovers Mass Dread and Despair Among Americans, and Many Blame Biden

February 1, 2024
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Polling expert hits CNN viewers with reality check over Trump’s political strength — and warns he’s even stronger than before

August 21, 2023

New York Times Loses Twitter Verification As Elon Musk Rips Site

April 2, 2023

‘Legends of the Fall’ Star Julia Ormond Sues Disney, CAA over Alleged Harvey Weinstein Sexual Assault

October 5, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.