Who is Lachlan Murdoch and what will happen to Fox and News Corp?
investing.comBy Dawn Chmielewski and Helen Coster
(Reuters) — Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp (NASDAQ:NWSA) and will continue as the chair and chief executive of Fox Corp, the companies said Thursday, settling for now the issue of succession in one of the world’s most powerful media empires.
The younger Murdoch will preside over influential news brands such as the Wall Street Journal, Fox News and the Sun – in Australia, the United States and UK – as well as Fox Sports, Fox Entertainment and others.
Lachlan, 52, is the third-oldest of Rupert Murdoch’s six children. Born in London to Murdoch and his second wife, Anna, he grew up steeped in the media business. In an interview with the Australian Broadcasting Corporation’s “Dynasties” program, he said that every morning, before catching the school bus, he and his siblings would read the morning papers — The New York Post, The New York Times, the Daily News and the Wall Street Journal — with his father flagging stories of interest, ordering: “Read that.”
The best way to capture their father’s attention in the evenings was to talk about media or politics, according to Paddy Manning’s 2022 biography, “The Successor.” As Lachlan got older, he would spend summers working in the family business, cleaning the presses for Sydney’s “Daily Mirror,” or working as a cub reporter for the “San Antonio Express-News.”
A rivalry between Lachlan and his younger brother, James, played out from an early age, where even family Monopoly games “were intense and everybody was prepared to cheat,” according to one published account.
Murdoch and his siblings attended Dalton, a private school on Manhattan’s Upper East Side, and other elite
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