One sentence summary – Lachlan Murdoch, the eldest son of Rupert Murdoch, has been appointed as the chairman of Fox and News Corp, solidifying his position as a powerful media baron and marking a significant milestone in his career; he now faces the challenge of navigating Fox’s relationship with former President Donald Trump, as well as legal battles and maintaining financial success.
At a glance
- Lachlan Murdoch appointed as chairman of Fox and News Corp.
- He solidifies his position as a powerful media baron.
- Managed his father’s businesses in Australia.
- Left News Corp in 2005 after a feud with Roger Ailes.
- Returned to his father’s empire in 2014 during a crisis point.
The details
Lachlan Murdoch, the eldest son of media mogul Rupert Murdoch, has been appointed as the chairman of Fox and News Corp.
This appointment solidifies his position as a powerful media baron.
Born in London and educated at prestigious American schools, Lachlan has spent a significant part of his career in Australia.
He managed his father’s businesses in Australia.
In 2005, Lachlan left the News Corp business after a feud with Roger Ailes, the then-boss of Fox News.
He established an Australian investment firm after leaving News Corp.
He made investments in various media and marketing companies.
In 2014, he returned to his father’s empire during a crisis point.
This crisis point included the phone hacking scandal and Rupert Murdoch’s divorce.
James Murdoch’s Resignation
In 2015, Lachlan and his brother James were named co-chairmen of 21st Century Fox.
James Murdoch later resigned from the News Corp board, citing disagreements over editorial content and strategic decisions.
Lachlan Murdoch now faces the challenge of navigating Fox’s relationship with former President Donald Trump.
Trump has both praised and criticized the network.
Lachlan and his father are not big fans of the former president.
If the Republican party continues to support Trump, Fox News will likely have to align itself accordingly.
Fox recently settled a defamation lawsuit by Dominion for a staggering $787.5 million.
The network still faces a similar lawsuit from Smartmatic.
These legal challenges add to the complexity of Lachlan Murdoch’s role.
Lachlan Murdoch is described as focused on determining strategy and the bottom line for the business.
He also has personal wealth.
He and his wife own multiple properties, including a notable $150 million estate in Los Angeles.
He is ranked 33rd on the Australian Financial Review’s list of the country’s richest people.
His fortune is estimated at A$3.35 billion.
Challenges Ahead
Lachlan Murdoch’s appointment as chairman of Fox and News Corp marks a significant milestone in his career as a media executive.
With his family legacy and experience in managing his father’s businesses, he now faces the challenge of steering Fox News through a changing political landscape and legal battles.
He also has the task of maintaining financial success.
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| bbc.co.uk |
|---|
| – Lachlan Murdoch has been appointed as chairman of Fox and News Corp, solidifying his position as a powerful media baron. – |
| He is the eldest son and successor of Rupert Murdoch, having been born in London and educated at prestigious American schools. – Lachlan spent much of his career in Australia, managing his father’s businesses. |
| – He left the News Corp business in 2005 after a feud with Roger Ailes, the then-boss of Fox News. |
| – He set up an Australian investment firm and made investments in various media and marketing companies. |
| – In 2014, he returned to his father’s empire to help during a crisis point, including the phone hacking scandal and Rupert Murdoch’s divorce. |
| – Lachlan and his brother James were named co-chairmen of 21st Century Fox in 2015. – James Murdoch later quit the News Corp board, citing disagreements over editorial content and strategic decisions. |
| – Lachlan Murdoch will have to navigate Fox’s relationship with former President Donald Trump, who has both praised and criticized the network. |
| – Fox settled a defamation suit by Dominion for $787.5 million and still faces a similar lawsuit from Smartmatic. – Lachlan Murdoch and his father are not big fans of Trump, but if the Republican party supports him, Fox News will have to as well. – |
| He is described as determining strategy for the business and focusing on the bottom line. – Lachlan Murdoch and his wife own multiple properties, including a $150 million estate in Los Angeles. – |
| He is ranked 33rd on the Australian Financial Review’s list of the country’s richest people, with a fortune of A$3.35 billion. |
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