The media mogul has stepped back from the forefront of his empire, but there’s likely more to come — like a step to cement power for his son Lachlan.
Category: News Corporation
Rupert Murdoch to Retire From Fox and News Corporation Boards
The move leaves his son Lachlan as the sole executive in charge of the global media empire.
Rupert Murdoch Backtracks on Plan to Merge Fox and News Corp
News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at this time.”