Lachlan Murdoch, the eldest son of Rupert Murdoch, has been anointed to take over his father’s vast media empire, capping years of rampant media speculation and thinly veiled fraternal feuding. The decision, announced Thursday, makes 52-year-old Lachlan the sole chairman of Fox News’ parent company, Fox Corporation, and News Corporation, owner of the Wall Street Journal, the New York Post and other newspapers. In lock step with his dad, Lachlan has co-chaired both Fox and News corporations, and was named CEO of Fox News in 2019. Ninety-two-year-old Rupert Murdoch, one of the most influential media tycoons of the modern era, will continue to serve on the boards as chairman emeritus. “It was no secret to those close to the family that Murdoch had always favored Lachlan,” according to the magazine.

Source: CNN September 21, 2023 17:24 UTC