Rupert Murdoch hands leadership of media empire to son Lachlan

Rupert Murdoch hands leadership of media empire to son Lachlan
Rupert Murdoch hands leadership of media empire to son Lachlan

Hello and welcome to the details of Rupert Murdoch hands leadership of media empire to son Lachlan and now with the details

Nevin Al Sukari - Sana'a - Australian born media magnate Rupert Murdoch (centre) flanked by his sons Lachlan (left) and James (right) arrive at St Bride's Church on Fleet Street in central London on March 5, 2016, to attend a ceremony of celebration a day after the official marriage of Rupert Murdoch and former US model Jerry Hall. — AFP file pic

NEW YORK, Sept 21 — Rupert Murdoch will step down as chairman of his media empire, a conservative behemoth that helped shape politics around the world, and hand control to his son Lachlan, Fox Corp and News Corp announced today.

The Australian-born 92-year-old, who built a global entertainment and news juggernaut that shaped events from Brexit to the rise of Donald , will shift into an emeritus status at both companies in mid-November, the companies said.

"I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus," Murdoch said in a letter to colleagues, according to a story on Fox News' website.

"Neither excessive pride nor false humility are admirable qualities. But I am truly proud of what we have achieved collectively through the decades, and I owe much to my colleagues."

The announcement marks a major transition for a singular figure who rose from the world of local news in Adelaide, Australia, before purchasing legacy tabloid and broadsheet newspapers in the United States and Britain and establishing hugely popular cable television operations.

Along the way, Murdoch has become an influential power player in global politics thanks to a news division that often blurred the line between commentary and journalism, championing right-wing voices who sometimes disregarded facts in promoting partisan narratives.

In April, Fox News reached a US$787.5 million settlement in a defamation case brought by voting technology company Dominion that alleged the network knowingly aired false claims linking Dominion's machines to a conspiracy to undermine the 2020 US election.

The Dominion suit, which was settled shortly before going to trial, had argued that a stream of prominent Fox newscasters and commentators had promoted ex-president Trump's lies about both the vote and Dominion's machines.

A week after the settlement, Fox ousted conservative firebrand Tucker Carlson, one of several prominent Fox figures who had publicly championed Trump while castigating him in private messages to colleagues, a fact made public by the Dominion suit.

The transition of leadership to Murdoch's son Lachlan, executive chair and chief executive officer at Fox Corporation, follows a period of intense speculation about the media empire's transition plans that proved inspiration for the fictionalized and highly-rated "Succession" series on HBO.

"On behalf of the FOX and News Corp. boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career," Lachlan Murdoch said in a news release.

"We thank him for his vision, his pioneering spirit, his steadfast determination and the enduring legacy he leaves to the companies he founded and countless people he has impacted." — AFP

These were the details of the news Rupert Murdoch hands leadership of media empire to son Lachlan for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Indian trade union refuses to handle weapons shipments linked to Israel
NEXT FBI director warns that Chinese hackers are preparing to ‘wreak havoc’ on US critical infrastructure

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]