Lachlan Murdoch steps inStepping into his shoes, Murdoch’s eldest son, Lachlan, who already serves as chief executive of Fox Corporation, will become sole chairman of both companies. “My father firmly believed in freedom, and Lachlan is absolutely committed to the cause,” Murdoch told employees in his memo. Murdoch became a major Hollywood executive in 1985 when he purchased Twentieth Century Fox from oilman Marvin Davis for $600 million. He was left with a much leaner broadcast portfolio, consisting of Fox News and Fox Sports. In recent years, under Murdoch, Fox News has advanced baseless conspiracy theories, including the Covid-19 pandemic and the 2020 presidential election.

Source: CNN September 21, 2023 15:09 UTC