The third generation of Murdoch’s takes over the family business
For 70 years, Keith Rupert Murdoch has been the face behind Fox Corporation, News Corporation and many other media ventures.
Now, at the age of 92, Murdoch has decided to step down as Chairman and bring about a new voice, a new direction, but with the same familiar last name to lead Fox. Murdoch’s eldest son, Lachlan Murdoch, will become the sole Chair of News Corp in November and continue as the Executive Chair and Chief Executive Officer of Fox Corporation.
In a press release Lachlan congratulated his father on career and vision creating Fox, “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 goes on to say, “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. We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies.”
Rupert Murdoch’s passion for the news media business was sparked by the legacy of his father, Sir Keith Murdoch, chairman of The Herald and Weekly Times and head of News Limited, an Australian-based public corporation.
Lachlan will become the third Murdoch involved in the family business of news media.