Current:Home > MarketsMeet Lachlan Murdoch, soon to be the new power behind Fox News and the Murdoch empire -Ascend Finance Compass
Meet Lachlan Murdoch, soon to be the new power behind Fox News and the Murdoch empire
Rekubit View
Date:2025-04-10 16:13:44
For Lachlan Murdoch, this moment has been a long time coming. Assuming, of course, that his moment has actually arrived.
On Thursday, his father Rupert Murdoch announced that in November he’ll step down as the head of his two media companies: News Corp. and Fox Corp. Lachlan will become the chair of News Corp. while remaining chief executive and chair at Fox Corp., the parent of Fox News Channel.
The changes make Rupert’s eldest son the undisputed leader of the media empire his father built over decades. There’s no real sign that his siblings and former rivals James and Elisabeth contested him for the top job; James in particular has distanced himself from the company and his father’s politics for several years. But Rupert, now 92, has long had a penchant for building up his oldest children only to later undermine them — and sometimes to set them against one another — often flipping the table without notice.
Given Rupert Murdoch’s advanced age, this might be his last power move. But there’s a reason the HBO drama “ Succession ” was often interpreted as a thinly disguised and dark satire of his family business. In Murdoch World, as in the fictional world of the Roy family, seemingly sure things can go sideways in an instant, particularly when unexpected opportunities arise.
Lachlan Murdoch has lived that first hand. Born in London, he grew up in New York City and attended Princeton, where he focused not on business, but philosophy. His bachelor’s thesis, titled “A Study of Freedom and Morality in Kant’s Practical Philosophy,” addressed those weighty topics alongside passages of Hindu scripture. The thesis closed on a line from the Bhagavad Gita referencing “the infinite spirit” and “the pure calm of infinity,” according to a 2019 article in The Intercept.
Béatrice Longuenesse, Lachlan’s thesis advisor at Princeton, confirmed the accuracy of that report via email.
After graduation, though, Lachlan plunged headlong into his father’s business, moving to Australia to work for the Murdoch newspapers that were once the core of News Corp.'s business. Many assumed he was being groomed for higher things at News Corp., and they were not wrong. Within just a few years, Lachlan was deputy CEO of the News Corp. holding company for its Australian properties; shortly thereafter, he took an executive position at News Corp. itself and was soon running the company’s television stations and print publishing operations.
Lachlan’s ascent came to an abrupt halt in 2005, when he resigned from News Corp. with no public explanation. According to Paddy Manning, an Australian journalist who last year published a biography of Lachlan Murdoch, the core problem involved two relatively minor issues on which Lachlan disagreed with Roger Ailes, who then ran Fox News.
“The real point was that Lachlan felt Rupert had backed his executives over his son,” Manning said in an interview. “So Lachlan felt, ‘If I’m not going to be supported, then what’s the point?’” Manning did not have direct access to Lachlan for his book “The Successor,” but said he spoke in depth with the people closest to his subject.
Lachlan returned to Australia, where he has often described feeling most at home, and founded an investment group that purchased a string of local radio stations among other properties.
While he was away, News Corp. entered choppy waters. The U.K. phone-hacking scandal, in which tabloid journalists at the News of the World and other Murdoch-owned publications had found a way to listen to voicemails of the British royal family, journalistic competitors and even a missing schoolgirl, had seriously damaged the company. The fracas led to resignations of several News Corp. officials, criminal charges against some, and the closure of News of the World as its finances went south.
Manning said that the damage the scandal inflicted on News Corp. — and on both Lachlan Murdoch’s father and his brother James, chief executive of News’ British newspaper group at the time — helped pull Lachlan back to the company.
“He was watching the family tear itself apart over the phone-hacking scandal,” Manning said. Lachlan was “instrumental in trying to circle the wagons and turn the guns outwards, and stop Rupert from sacking James.”
While it took more convincing, Lachlan eventually returned to the company in 2014 as co-chairman of News Corp. alongside James.
Not long afterward, Ailes was forced out of his job at Fox News following numerous credible allegations of sexual harassment.
Lachlan Murdoch has drawn criticism from media watchdogs for what many called Fox News’ increasingly conspiratorial and misinformation-promoting broadcasts. The network hit a nadir following the 2020 election when voting machine company Dominion Voting Systems sued Fox News for $1.6 billion, alleging that Fox knowingly promoted false conspiracy theories about the security of its voting machines.
Fox settled that suit for $787.5 million in March of this year. A similar lawsuit filed by Smartmatic, another voting-machine maker, may go to trial in 2025, Fox has suggested.
In certain respects, though, Lachlan Murdoch’s behavior suggests some ambivalence about his role at News Corp. In 2021 he moved back to Sidney and has been mixing commuting and remote work from Australia ever since. “I think there’s a legitimate question about whether you can continue to do that and for how long” while running companies based in the U.S., Manning said.
___
Associated Press climate and environmental coverage receives funding from the Quadrivium foundation, founded by James and Kathryn Murdoch. More information about AP climate initiative can be found here. The AP is solely responsible for all content.
veryGood! (82478)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Israeli family mourns grandfather killed by Hamas and worries about grandmother, a captive in Gaza
- Dean McDermott Holds Hands With Lily Calo After Tori Spelling Breakup
- U.S. cities bolster security as Israel-Hamas war continues
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- 'Feels like a hoax': Purported Bigfoot video from Colorado attracts skeptics, believers
- Executive at Donald Trump’s company says ‘presidential premium’ was floated to boost bottom line
- Doctors in Gaza describe the war's devastating impact on hospitals and health care
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Bad Bunny Hints at NSFW Moment With Kendall Jenner at Sister's House
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- As accusations fly over ballot stuffing in mayoral primary, Connecticut Democrat takes the 5th
- New York Film Festival highlights, part 2: Priscilla, a different P.O.V. of the Elvis legend
- Stop What You’re Doing: Kate Spade Is Offering Up to 70% Off on Bags, Accessories & More
- The company planning a successor to Concorde makes its first supersonic test
- New York officers won’t face charges in death of man who caught fire after being shot with stun gun
- The toll of heat deaths in the Phoenix area soars after the hottest summer on record
- Real relationship aside, Taylor Swift and Travis Kelce are 100% in a PR relationship
Recommendation
B.A. Parker is learning the banjo
11 sent to hospital after ammonia leak at Southern California building
Ohio’s Hopewell Ceremonial Earthworks mark UNESCO World Heritage designation
Israeli evacuation call in Gaza hikes Egypt’s fears of a mass exodus of refugees into its territory
Grammy nominee Teddy Swims on love, growth and embracing change
‘Barbenheimer’ was a boon to movie theaters and a headache for many workers. So they’re unionizing
Louisiana considers creating hunting season for once-endangered black bears
Former Alabama police officer pleads guilty to manslaughter in shooting death of suicidal man