Fox News Was Set on a New Path Before Rupert Murdoch Stepped Back
variety.comBrian Steinberg Senior TV Editor A major transition at the top of a big company typically spells significant change. Just ask anyone who has worked for CNN while parent company WarnerMedia passed along to AT&T and then the new Warner Bros.
Discovery. But Fox News may — at least for now — remain as is, even though the network’s best-known backer, Rupert Murdoch, has signaled that he will step back from some parts of managing Fox Corp.
and News Corp., handing the reins to his son, Lachlan, and becoming the companies’ chairman emeritus. Murdoch has vowed to remain active in matters of content, and people familiar with his management say it’s difficult to envision him not haggling over news cycles and Fox News Channel’s positioning on them.
To be sure, Fox News faces heady industry challenges. Linear TV audiences are shrinking, and with them, the leverage that media companies like Fox can use to seek top advertising prices and affiliate fees.
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