Summary
Lachlan Murdoch will take control of News Corp. and Fox News, following a decision by his father, Rupert Murdoch, to transfer leadership to him. This decision settles a long-standing rivalry between Lachlan and his brother James over who would lead their family's media empire. Lachlan Murdoch has a background in media and a unique style distinct from his father.
Key Facts
- Rupert Murdoch named his oldest son, Lachlan Murdoch, as the leader of their media empire.
- The media empire includes major outlets like Fox News, The Wall Street Journal, and the New York Post.
- Lachlan Murdoch's appointment ends a succession struggle with his brother James.
- Rupert Murdoch made deals worth billions to ensure Lachlan's leadership.
- Lachlan Murdoch is 54 years old and has a background in media, having worked for News Corp. since 1994.
- Unlike his father, Lachlan avoids engaging deeply in political circles.
- Lachlan lived in Australia for many years and feels closely connected to the country.
- Rupert Murdoch started building his media business from a single newspaper in Adelaide, Australia.
