Lachlan Murdoch: Last News

Fox looks set to weather a massive payout to settle its case with Dominion Voting System. It has $4 billion in cash and generates significant free cash flow annually. The $787.5 million hit, one of the largest defamation settlements ever, isn’t likely to disturb Fox News profits.

Two top Congressman want Bob Iger, David Zaslav and Lachlan Murdoch to provide some solid answers about Disney, Warner Bros Discovery and Fox’s proposed sports streaming service.

Todd Spangler NY Digital Editor The Disney/ESPN, Fox Corp. and Warner Bros. Discovery sports-streaming joint venture has drawn congressional scrutiny.

The upcoming sports streaming service from ESPN, Fox & Warner Bros. Discovery has found its boss.

The forthcoming sports streaming venture backed by Disney, Fox Corp. and Warner Bros. Discovery will reach 5 million subscribers in its first five years, according to a projection shared Monday by Fox CEO Lachlan Murdoch.

Fox Corp. ad sales chief Marianne Gambelli is retiring, and the company has named Fox News vet Jeff Collins as her replacement.

A Fox Corp. shareholder got a bit of a brushoff when he asked if or how the company was doing anything structurally to protect itself against legal liability around the 2020 election and if and how executive pay policies may have been tweaked to to reflect ongoing legal peril.

Rupert Murdoch is finally — allegedly — slowing down, marking his final day Wednesday as Executive Chairman of News Corp. by praising his son Lachlan, who is taking over his role as company leader.

Fox Corp. has tapped Adam Ciongoli as its chief legal and policy officer, succeeding Viet Dinh, who in August announced he was departing the company.

UPDATED with Lachlan Murdoch comments. Fox Corp. CEO Lachlan Murdoch said his father, Rupert, “is very much involved and will be for years to come” despite stepping down from his chairman role in September.

Brian Steinberg Senior TV Editor Sports wasn’t enough to help Fox Corp. get to its goals. The owner of Fox News Channel and the Fox broadcast network said profit fell in its first fiscal quarter as robust results generated by its showing of the FIFA Women’s World Cup were offset by declines in its cable operations, where subscribers and advertising revenue fell.

Fox, which just announced that Rupert Murdoch is stepping down as chairman, unveiled a few more changes to its board of directors today.

More news on the Murdoch front as the Fox Corp. proxy filed today shows Rupert with a 24% pay increase in fiscal 2023 to $22.9 million from $18.9 million. It’s his last full year as chairman of the board as succession planning kicks in.

Lachlan Murdoch has had a lot to prove and the stakes just got quite a bit higher as Murdoch senior is set to depart the Fox and News Corp. boards, formalizing a transition underway for years.

Succession fans are making the same joke after Lachlan Murdoch was appointed the new chairman of News Corp and Fox Corporation.As announced on Thursday (September 21) in a note to employees, media mogul Rupert Mordoch said he was stepping down as chairman of both companies, with his eldest son Lachlan set to take over.Rupert Murdoch, who will transition into the role of chairman emeritus for both firms in mid-November, wrote in a note (via the Guardian): “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles.”Murdoch has been married four times and has six children, the majority of which have followed their father’s footsteps in working for the family business.Succession creator Jesse Armstrong previously confirmed the HBO series is partially based on the Murdochs, along with other media mogul families like the Redstones and Mercers. In the series, family patriarch Logan Roy (Brian Cox) leads media company Waystar RoyCo, as his children vie to become his successor.“The amazing thing about this stuff is that it’s everywhere,” Armstrong told The New York Times in 2019.

Daniel D'Addario Chief TV Critic Rupert Murdoch’s announcement that he is retiring from the boards of Fox and of News Corporation had particularly interesting timing for one journalist. “The Fall,” the new book by Michael Wolff, peers inside what we now know are the final days of Murdoch’s consequential tenure at the heart of global news. To be released Sept.

Rupert Murdoch, the 92-year-old Australian media magnate whose creation of Fox News made him a force in American politics, is stepping down as leader of both Fox’s parent company and his News Corp. media holdings.

Daniel D'Addario Chief TV Critic Rupert Murdoch’s retirement from the boards of Fox and News Corporation is the event we’ve been waiting for. The most critically-acclaimed television series of the modern era, “Succession,” imagined a Murdoch figure struggling with the decision to let go of the reins.

Media tycoon Rupert Murdoch is step down as chairman of his Fox and News Corp businesses, the firms said in a statement.

Rupert Murdoch, whose sheer force of will allowed him to build a media empire that influenced the course of national politics in the U.S., U.K. and Australia, will step down as the titular head of the companies he controls, Fox Corp. and News Corp.– a move that could raise new questions about the fates of both assets.

Rupert Murdoch is stepping down.

Viet Dinh, a key strategic and business leader at Fox Corp. and a longtime consiglieri in the Murdoch empire, is leaving his executive post in the wake of the Fox News settlement with Dominion Voting Systems.