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. Murdoch became a major Hollywood executive in 1985 when he purchased Twentieth Century Fox from oilman Marvin Davis for $600 million. Murdoch sold much of his media empire, including the Twentieth Century Fox film studio, to Disney in a massive $71 billion deal in 2019. In recent years, under Murdoch, Fox News has advanced baseless conspiracy theories, including the Covid-19 pandemic and the 2020 presidential election. December 14, 2017 – The Walt Disney Company announces it is purchasing most of 21st Century Fox for $52.4 billion.

Source: CNN September 21, 2023 13:32 UTC