Rupert Murdoch, the man described as “one of the world’s most influential and controversial tycoons” by the Wall Street Journal, is making a major move in his media career at the age of 92. He is handing over the leadership of Fox News and News Corp. to his 52-year-old son, Lachlan. Let’s take a closer look at the coverage:
- What’s next? Murdoch has resigned from the boards of Fox and News Corp., but his resignation letter suggests that he still wants to have some degree of influence. What exactly does that mean? According to an analysis by Vox, it remains to be seen. The Murdoch empire has long been seen as a “fiefdom,” and it is uncertain whether Rupert is willing or able to completely let go of steering any of those properties now. Newsweek reports that Lachlan is believed to be more politically conservative than his father.
- Influence: An in-depth article by the New York Times Magazine in 2019 highlighted Murdoch’s life, family, and career, stating that “few private citizens have ever been more central to the state of world affairs” than him. “Politicians know what Murdoch wants, and they know what he can deliver: the base, their voters—power.” The article delves into how he acquired such significant influence.
- The beginning: The Washington Post points out that Murdoch inherited a small regional paper in Australia from his father at the age of 21, and went on to build a global media empire, amassing a net worth of over $8 billion. The article traces Murdoch’s numerous controversies along the way, including the closure of his tabloid, News of the World, following a major phone-hacking scandal in the UK in 2011.
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