The Murdoch succession: Has Lachlan won?
Succession is a big challenge for any family business. But when the family business controls a $40 billion global media empire, succession planning becomes a high stakes game.
Rupert Murdoch is no longer the chairman of News Corp and Fox Corporation, but his remarkable story is far from finished.
This week on the The Fin podcast, senior writer Neil chenoweth and Chanticleer columnist James Thomson. Explain how family politics within the Murdoch empire could shape politics at large in some of the world’s major democracies.
“Rupert Murdoch has always said two things about the global media empire. And the first thing he’s always said is that he was only ever going to leave in a box, which meant that he was going to be running News Corp and Fox Corp until the very end, when you have to prize his cold, clammy hands from the reins,” says Chenoweth.
“The second thing is that if you look at his companies, he said they’re a reflection of him, his values, his style, all that he stood for. And this is what made the announcements on September 21 so shocking.“
Explore the big issues in business, markets and politics with the journalists who know the inside story. New episodes of The Fin are published every Thursday.
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