Media mogul Rupert Murdoch has said he will step down as chairman of Fox and News Corp, with his son Lachlan heading both companies.

In a note to employees, Murdoch said "the time is right" to take on "different roles". Murdoch, 92, launched Fox News in 1996. Today it is the most-watched television news channel in the United States. Murdoch said he will take over as chairman emeritus of both companies in mid-November.

"Our companies are in good health, like me. Our opportunities far outweigh our business challenges," he wrote. "We have every reason to be optimistic about the years ahead; I certainly am, and I intend to be here to participate."

Profile: The world's most influential media mogul
The drama of the Murdoch succession comes to an end
Five things you should know about Lachlan Murdoch
Lachlan Murdoch, 52, is the son of Rupert Murdoch and his second wife, Anna Maria dePeyster. The billionaire patriarch has been married four times and has six children, many of whom have followed their father into the family business.

/2023The question of succession had largely come down to the second, third and fourth: Elisabeth, Lachlan and James. Lachlan, 52, emerged as heir apparent during his time as an executive in the late 1990s. However, he left the business in 2005 after a dispute with then-Fox News chief Roger Ailes. Lachlan returned to his father's empire in 2014 and has held senior positions ever since.

James Murdoch, the more liberal-minded son, resigned from News Corp's board in 2020 over "disagreements over some editorial content" and other complaints with the company's management. Elisabeth, 55, has held several senior positions in the industry but founded her own television company, Shine, which has produced programs including MasterChef and The Biggest Loser.

 

Based on an article by the BBC.

 

-- © Copyright ASEAN NOW 22/09/2023

 

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Never mind, he's staying on as an advisor and number one son will carry on the tradition of hate and division propaganda. If he fails, there's always Musk to pick up the baton and run with it.

 

The only real pariah Australia has ever had.

Edited September 22, 20232 yr by ozimoron

Good riddance now deport the guy to……..hummm……..Iran?or Saudi Arabia oh I know Afghanistan that should take care of him what a cancer of a human 

No real changes until Logan the old man dies. 

If number one son does anything against the status quo pops will sideline him right quick.  I have the impression when Kendall Lachlan started pushing back at Ailles pops reigned him in.  Evil SOB that he was, if Ailles was still alive the voting machine fiasco would no have happened IMO.

There is another voting machine lawsuit in play, this one may cost even more payout than the last one.

 

I was last week reading Josephus’ account of the death of Herod.

 

It gives hope of something to look forward to.

'Propaganda arm': MSNBC's Mehdi Hasan blames Fox News for Trump's rise

 

Hasan, who last week pointed out "openly delusional" comments coming from Donald Trump, published an extensive farewell to Murdoch. Hasan didn't let him off the hook for anything.

Hasan cites three of the "most destructive events" of his lifetime — the Iraq War, the Brexit vote, and the "rise of Trump and his big lie" — and claims that they "simply could not have happened without Rupert Murdoch."

 

https://www.rawstory.com/lames-trump-fox-news/