Lachlan Murdoch Takes Over Family Empire, But Future Uncertain as Siblings and Lawsuits Loom

Lachlan Murdoch succeeding his father Rupert as chairman of Fox and News Corp, but siblings could outvote him to sell Fox post-Rupert.
Lachlan has delivered in news and sports for Fox, but faces challenges like lawsuits over 2020 election coverage.
Stock price has lagged rivals, raising questions about growth strategy in streaming era.
Rupert Murdoch stepping down now at age 92, while still healthy, avoids repeating public decline like Sumner Redstone.
Board must chart path forward without Rupert; Lachlan carrying the future of the Murdoch media empire.

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9/21/2023

Rupert Murdoch Steps Down as Fox News Chairman, Lachlan Murdoch Takes Over as Network Faces Lawsuits Over Election Claims

Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp, with his son Lachlan Murdoch taking over as sole chairman of both companies.

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.

9/23/2023

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.

9/26/2023

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 9/22/2023, 1:45:00 PM

Lachlan Murdoch Takes Over Family Empire, But Future Uncertain as Siblings and Lawsuits Loom

Lachlan Murdoch succeeding his father Rupert as chairman of Fox and News Corp, but siblings could outvote him to sell Fox post-Rupert.
Lachlan has delivered in news and sports for Fox, but faces challenges like lawsuits over 2020 election coverage.
Stock price has lagged rivals, raising questions about growth strategy in streaming era.
Rupert Murdoch stepping down now at age 92, while still healthy, avoids repeating public decline like Sumner Redstone.
Board must chart path forward without Rupert; Lachlan carrying the future of the Murdoch media empire.

deadline.com

Relevant topic timeline:

9/21/2023

Rupert Murdoch Steps Down as Fox News Chairman, Lachlan Murdoch Takes Over as Network Faces Lawsuits Over Election Claims

Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp, with his son Lachlan Murdoch taking over as sole chairman of both companies.

9/21/2023

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

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

9/26/2023

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