Lachlan Murdoch: Last News

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.

Brian Steinberg Senior TV Editor Viet Dinh, the influential general counsel of Fox Corp. who is believed to have played a significant role in the company’s failed legal strategy against a massive defamation suit filed against it by Dominion Voting Systems, is leaving his role at the media conglomerate at the end of the year.

Fox CEO Lachlan Murdoch said linear television is still the best way to protect the company’s sports programming, which, at the moment, “derives the most value from being behind a paywall, behind the traditional cable and satellite pay-TV universe.”

“Republicans are back on the air. Republicans weren’t on the air,” on CNN, Warner Bros. Discovery CEO David Zaslav told a media conference Thursday as he said the storied brand is moving to become less of an “advocacy network” under new leadership.

No one was expecting an apology and in fact Fox CEO Lachlan Murdoch applauded “the highest journalistic standards” displayed at Fox News, saying the near $800 million settlement with Dominion Voting Systems was a business decision made to resolve the dispute and “avoid the acrimony of multi-year litigation.”

Fox CEO Lachlan Murdoch says Fox Corp. is in a good place despite the ongoing WGA strike given its mix of programming.

Fox Corp. said it swung to a $50 million loss last quarter from a $290 million profit the year before mostly due to the cost of a legal settlement with Dominion Voting Services.

Brian Steinberg Senior TV Editor The costs of settling a closely scrutinized defamation lawsuit levied by Dominion Voting Systems wiped out profit at Fox Corp., spurring a loss of more than $50 million in its third fiscal quarter despite seeing increases in revenue from advertising and distribution. The costs of setting the suit — Fox agreed to pay $787.5 million to settle claims that Fox News personalities had deliberately passed along erroneous information about Dominion’s role in the 2020 presidential election — that it offset a 43% gain in advertising during the quarter due to Fox’s broadcast of Super Bowl LVII, typically an event that boosts corporate performance year in and year out. Fox posted a loss of $54 billion, compared to profit of $283 billion in the year-earlier period. It attributed the loss to “charges associated with legal settlement costs at Fox News Media.”

Joe Otterson TV Reporter Tubi founder and CEO Farhad Massoudi is stepping down as Fox Corporation is forming the Tubi Media Group led by Paul Cheesbrough. Massoudi will remain with Tubi through a transition period until the end of June. A new CEO of Tubi Streaming will be announced at a later date. “Our strategic acquisition of Tubi in 2020 established a cornerstone in our digital streaming strategy, which under Paul and Farhad’s leadership has driven record growth and is now the clear market leader in AVOD in the US,” said Lachlan Murdoch, executive chair and CEO of Fox Corp. ““Building off this momentum, and complementing the strong growth being driven in our company wide digital revenues, now is the right time to bring these efforts together into a new business unit which will be tasked with spearheading our digital expansion and partnering with our brands to drive continued growth.”

Brian Kilmeade will host Fox News Tonight on Monday and is expected to address the exit of Tucker Carlson from the network.

Fox Corp. CEO Lachlan Murdoch is dropping his defamation claimagainst Australian news site Crikey over a column that connected him to the January 6th attack on the Capitol.

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.

Brian Steinberg Senior TV Editor The greatest show Fox News may ever put on is about to start. Imagine a Fox News program that utilizes the talents of the no-nonsense news anchor Bret Baier along with those of the opinion host Tucker Carlson. One that also puts anchor “The Five” mainstays Dana Perino and Jeanine Pirro into the mix, along with business anchor and commentator Maria Bartiromo. One that features possible appearances by Fox News executives like Suzanne Scott, the CEO of the operation, and Jay Wallace, its top news executive. A program that tops it all off with a potential cameo by Rupert and Lachlan Murdoch, two of the controlling shareholders of Fox News’ media-conglomerate parent, Fox Corporation.

$57 billion last year. That was due to a 38% drop in Amazon’s stock price as of March 10.Known as the legendary Jack Warner Estate after the former president of Warner Bros.