RUPERT MURDOCH STEPPING DOWN FROM FOX CORP/NEWS CORP CEO POSITION

[the elastic]

What's next for Fox as Rupert Murdoch hands reins to Lachlan

Rupert Murdoch has stepped down as the chairman of Fox Corp and News Corp , ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States.

www.reuters.com

Rupert Murdoch has stepped down as the chairman of Fox Corp (FOXA.O) and News Corp (NWSA.O), ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States.

His son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday. The transition solidifies Lachlan's role as the leader of the media empire, putting to rest questions of succession within the Murdoch family.


The news comes just months after Murdoch, 92, scrapped a plan that would have reunited his media empire by merging Fox and News Corp.

Murdoch, who has near-controlling stakes in both companies, will be appointed chairman emeritus of both the companies.

In a memo to staff Thursday, Murdoch wrote: "Our companies are in robust health, as am I."

 

[Wepa Man]

 

[ExodusNirvana]

Kendall won

 

[DrBanneker]

They say Lachlan is even more right wing than the dad so buckle up folks...

 

[T’Challa’s Heir]

They say Lachlan is even more right wing than the dad so buckle up folks...

I think that may be eventually what tanks the network. Murdoch, while terrible, still knew when to double down and when to fold, even if it was at the 11th hour. I see Lachlan not settling something like the Dominion lawsuit and driving the company to bankruptcy.

 

[Hood Critic]

They say Lachlan is even more right wing than the dad so buckle up folks...

He'll have to be more strategic with it for the first 5 or so years to get the settlements behind him. But ultimately yes, I see him giving an Alex Jones like personality a primetime platform.

 

[FAH1223]

Kendall won

 

[Fctftl]

One of the most destructive people ever in media. Fox News has done a number on society

 

[MushroomX]

They say Lachlan is even more right wing than the dad so buckle up folks...

I think that may be eventually what tanks the network. Murdoch, while terrible, still knew when to double down and when to fold, even if it was at the 11th hour. I see Lachlan not settling something like the Dominion lawsuit and driving the company to bankruptcy.

I agree namely for the fact of "Making your Dues".

How many times have we seen sports stories of kids, fighting from poverty and making it rich from work ethic. Same principal... now yes, Rupert's stuff is greasy for sure, but, he built his empire... Lachlan, is only inheriting it.

It's one thing to run a business, but when you made a business... you understand not just how to run a business but how to go with the trends; to stay #1.

 

[ADevilYouKhow]

Ready for him to step down into hell

 

[Wild self]

I agree namely for the fact of "Making your Dues".

How many times have we seen sports stories of kids, fighting from poverty and making it rich from work ethic. Same principal... now yes, Rupert's stuff is greasy for sure, but, he built his empire... Lachlan, is only inheriting it.

It's one thing to run a business, but when you made a business... you understand not just how to run a business but how to go with the trends; to stay #1.

The mere fact that his son is named "Lachlan", it sounds evil as Hell. Like a final boss of a M Rated videogame.

 

[Digital Omen]

Sidebar: Connor couldn't even get 1% of the vote in his own family. Motherfukker don't exist.

 

[ExodusNirvana]

Sidebar: Connor couldn't even get 1% of the vote in his own family. Motherfukker don't exist.

Spoiler

This is true but remember how The Big Three looked when they seen the video of him and Logan and Geri singing and laughing chillin?

Connor got what the three of them REALLY wanted and never got

Spoiler

And an Ambassadorship to Slovenia

 

[Ol’Otis]

I though he died like 20 years ago

 

[BigMoneyGrip]

That $800 mill payout and that $2.5 bill Smartmatic lawsuit in the wings gotten different

Fox bout to file bankruptcy