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The world’s most powerful – and divisive – media tycoon hands over ‘The Sun’, ‘The Times’ newspapers and Fox Corporation to his son Lachlan after 70 years of making headlines
Hundreds of print and publishing workers in the UK will soon have a new big boss after media mogul Rupert Murdoch announced plans to step back – but the nonagenarian said he’s not retiring.
Rupert Murdoch has announced he is stepping down as chairman of Fox News and News Corp, effectively ending a remarkable 70-year career. Mr Murdoch’s eldest son Lachlan Murdoch will take over from his father ending long-running, speculation that saw him vie with brother James for control of the media empire, mirroring the globally successful HBO |
Revered and feared, the tycoon has built a global media empire on four continents.
Remarkably, Murdoch concluded the biggest deals of his life in his late 80s, estimated to have netted him $4bn personally and a further $2bn to each of his adult children.