Rupert Murdoch resigns, handing over control of his media companies to his eldest son

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Rupert Murdoch; News; Wall Street Journal; Fox News; ideas;

2023-09-21 19:43:00

According to the 92-year-old media mogul, he and his companies are doing well, and have handled news and ideas so far, and will continue to do so. Meanwhile, according to the news, a “revealing” book about the Murdoch dynasty will be published within a week.

Rupert Murdoch, 92, has handed over management of Fox Corporation and News Corporation to his eldest son, Lachlan Murdoch, the two American media companies announced on Thursday. Rupert Murdoch, who is stepping down as chairman of the companies, will have the status of “retired CEO” from mid-November, while handing over business activities to his son.

Born in 1931, Rupert Murdoch began building his global media empire when he was 22 at a local newspaper in his native Australia. Later, he also owned the British tabloid newspaper The Sun. He expanded his media empire to the United States in the 1970s. The Fox Corporation group includes, among others, the American conservative television station Fox News, while the News Corporation group includes, for example, newspapers such as the Wall Street Journal or the New York Post.

The 92-year-old media mogul said both companies would be headed by Lachlan, whom he described as a “passionate and principled” leader and described his employees as talented teams. “For my entire career, I have been dealing with news and ideas every day, and that will not change,” he said, adding that “our companies are in good shape, as are I,” but he did not give a specific reason. Why is he now resigning from his positions?

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the BBC At the same time, he writes that it may be so, but the announcement is not a coincidence, because it precedes the release of the “highly anticipated book” by Michael Wolff, the title of which also says a lot: “Fall: The Apocalypse.” Fox News and the Murdoch Dynasty.” The author, who previously wrote a best-selling trilogy about former President Donald Trump, is supposedly pulling the lid on Rupert Murdoch’s media empire. Meanwhile, a book with a similar theme, by Brian Stelter, titled Web of Lies: The Epic Story of Fox News, Donald Trump, and the Fight for American Democracy, will be published in November.