![]() His older son, Lachlan, 52, will become News Corp chairman and continue as chief executive officer of Fox Corp. Murdoch vowed to remain engaged at Fox, saying, “I will be involved every day in the contest of ideas.” ![]() Here is a wrap up of the day’s key events and reactions following Rupert Murdoch’s announcement of his resignation from Fox and News Corp:įox said in an announcement on Thursday that Murdoch would become chairman emeritus of both companies. Murdoch was the owner of Britain’s Sky News until 2018 and the film company now called 21st Century Fox until 2019.įorbes estimates Rupert Murdoch enjoys a net worth of US $21.7bn. In the television business, News Corp also owns the US’s right-wing channel Fox News, through the Fox Corporation, and, down under, Sky News Australia. In Australia, News Corp owns The Daily Telegraph, the Herald Sun, and The Australian. He is famous/infamous for union-busting in the 1980s and influence over and secret deal-making with Conservative prime minister Margaret Thatcher. In the UK he owns the dailies The Sun and The Times and owned the now-defunct News of the World weekly scandal sheet. In the US the company owns the Wall Street Journal and the New York Post, a conservative-leaning tabloid. Murdoch’s publicly-traded company News Corp, headquartered in New York, owns hundreds of local, national and international news outlets. But the time is right for me to take on different roles.”Īfter decades of wrangling and the smash-hit television drama series Succession that appeared to mirror all too closely the power struggles of the Murdoch business clan, one of the most powerful media and, by extension, political figures of the 20th and 21st centuries is handing over the keys to his eldest son Lachlan. ![]() In a note to staff first reported in the Murdoch-owned Wall Street Journal, he wrote: “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. Rupert Murdoch, the US global media magnate, is stepping down at 92 from the business empire he started expanding in his native Australia at the age of 21, it was announced on Thursday. 16.03 CEST Murdoch retiring from media empire after 70+ years
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |