Rupert Murdoch “Is Very Much Involved And Will Be For Years To Come,” Fox Corp. CEO Lachlan Murdoch Tells Wall Street Analysts On Quarterly Earnings Call – Update
deadline.comUPDATED 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. “I would like to congratulate my father on his 70-year career at News Corp.
and Fox,” Murdoch said during a call with Wall Street analysts to discuss fiscal first-quarter results. “His enduring legacy can be felt in both of these companies.
And I can assure you that he is still very much involved and will continue to be for years to come.” While Fox edged Wall Street analysts’ estimates but profits dipped due to a comparative lack of political advertising.
While in some respects it has been business as usual for Rupert Murdoch’s media empire, it has undeniably entered a new phase since the 92-year-old mogul stepped down in September as chairman of Fox and News Corp.
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