Rupert Murdoch Steps Down From Fox and News Corp. Leadership Roles, Son Lachlan Takes Over as Chairman

Rupert Murdoch, 92, is stepping down as chairman of Fox Corp. and News Corp. in November but will be appointed chairman emeritus.
His son Lachlan Murdoch will become sole chairman of News Corp. and remain Fox's executive chair and CEO.
Murdoch says he remains in "robust health" and plans to stay involved, but feels it's time for a new role.
The move comes after a tumultuous year at Fox News, including a big defamation settlement.
Murdoch has built a massive media empire over 70 years, starting with an Australian newspaper in 1954.

cnbc.com

Relevant topic timeline:

9/21/2023

Rupert Murdoch's Retirement Seen as Trial Balloon to Boost Son Lachlan's Status as Heir to Media Empire

Rupert Murdoch's announcement of his "retirement" and transition to chairman emeritus is likely a strategic move to boost the status of his chosen heir, Lachlan Murdoch, and maintain control of his media empire after his passing.

9/22/2023

Rupert Murdoch's Influence Spans Continents But Faces Ongoing Scrutiny Over Media Dominance

Rupert Murdoch, the 92-year-old media mogul, has left a lasting impact on Australian institutions and media ownership, despite concerns about his influence on the nation's democracy and calls for a Royal Commission, as his retirement draws near.

9/22/2023

Murdoch Retires from Fox Amid Trump Feud and Network Woes

Former President Donald Trump responded to Rupert Murdoch stepping down as Chairman of the Fox Corporation, downplaying his role in forcing Murdoch's retirement and using the opportunity to criticize Mitch McConnell for giving in to the "Radical Left Lunatics."

9/23/2023

Lachlan Murdoch to Take Control of Fox in November, Seen as Ideologically Aligned with Father Rupert

Lachlan Murdoch's assumption of control over the Murdoch media empire is not expected to bring significant changes to the conservative-leaning Fox News, as he has been described as just as conservative as his father, Rupert Murdoch.

9/23/2023

Lachlan Murdoch to Take Over as News Corp Chair From Father Rupert After Rocky Past With Company

Lachlan Murdoch is set to become the undisputed leader of his father's media empire, News Corp. and Fox Corp., as Rupert Murdoch steps down, but history suggests that things can quickly change within the Murdoch family business.

9/25/2023

Rupert Murdoch's Rollercoaster Ride in Tech: From MySpace to Phone Hacking Scandals, Battles with Tech Giants, and Climate Contradictions

Rupert Murdoch, the media mogul behind Fox News, is stepping down, leaving behind a legacy of conservative media and controversial influence on the digital landscape.

9/26/2023

MAGA Media Outlets Seek to Overtake Fox News With More Extreme Pro-Trump Lies

The departure of Rupert Murdoch from Fox Corp. and News Corp. has shifted focus to the succession within the Murdoch family, but the bigger story lies in the growing competition from well-funded GOP propaganda outlets that are more extreme, explicitly racist, and favor Trump even more than Fox News viewers, which could threaten Fox News' audience and influence.

9/27/2023

Lachlan Murdoch Steps Into Father Rupert's Shoes as Dealmaker, But Path Forward Unclear for Fox and News Corp

Rupert Murdoch's departure from the boards of Fox and News Corp raises questions about whether his son, Lachlan, will continue his father's dealmaking legacy or maintain the current status quo, with the possibility of smaller, incremental deals rather than major strategic changes in the near term. However, there is speculation that Lachlan may consider a merger between Fox and News Corp to reinforce his leadership and that wealthy Republicans could show interest in acquiring Murdoch's media assets, including Fox News, which could potentially have significant political implications.

9/28/2023

Swisher: Murdoch's Media Empire in its 'Waning Days' and Will Unravel After He Dies

Rupert Murdoch's media empire is seen as a destructive force due to the spread of disinformation and the erosion of trust in facts, but with his departure as chairman, the future of the empire is uncertain.

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Posted 9/21/2023, 1:04:10 PM

Rupert Murdoch Steps Down From Fox and News Corp. Leadership Roles, Son Lachlan Takes Over as Chairman

Rupert Murdoch, 92, is stepping down as chairman of Fox Corp. and News Corp. in November but will be appointed chairman emeritus.
His son Lachlan Murdoch will become sole chairman of News Corp. and remain Fox's executive chair and CEO.
Murdoch says he remains in "robust health" and plans to stay involved, but feels it's time for a new role.
The move comes after a tumultuous year at Fox News, including a big defamation settlement.
Murdoch has built a massive media empire over 70 years, starting with an Australian newspaper in 1954.

cnbc.com

Relevant topic timeline:

9/21/2023

Rupert Murdoch's Retirement Seen as Trial Balloon to Boost Son Lachlan's Status as Heir to Media Empire

9/22/2023

Rupert Murdoch's Influence Spans Continents But Faces Ongoing Scrutiny Over Media Dominance

9/22/2023

Murdoch Retires from Fox Amid Trump Feud and Network Woes

9/23/2023

Lachlan Murdoch to Take Control of Fox in November, Seen as Ideologically Aligned with Father Rupert

9/23/2023

Lachlan Murdoch to Take Over as News Corp Chair From Father Rupert After Rocky Past With Company

9/25/2023

Rupert Murdoch's Rollercoaster Ride in Tech: From MySpace to Phone Hacking Scandals, Battles with Tech Giants, and Climate Contradictions

Rupert Murdoch, the media mogul behind Fox News, is stepping down, leaving behind a legacy of conservative media and controversial influence on the digital landscape.

9/26/2023

MAGA Media Outlets Seek to Overtake Fox News With More Extreme Pro-Trump Lies

9/27/2023

Lachlan Murdoch Steps Into Father Rupert's Shoes as Dealmaker, But Path Forward Unclear for Fox and News Corp

9/28/2023

Swisher: Murdoch's Media Empire in its 'Waning Days' and Will Unravel After He Dies