Original article by Alex Barker
The Australian Financial Review – Page: 36 & 37 : 11-Jan-23
The future of the Murdoch family’s media empire is under scrutiny in the wake of a proposal to reunify News Corp and Fox Corp. Succession planning has emerged as a key issue, with patriarch Rupert Murdoch in his 90s and eldest son Lachlan Murdoch widely seen as the heir apparent. However, the question arises as to whether the Murdoch family will allow Lachlan to take over. For most of his career, Rupert Murdoch did not have control of the family business, as he could be outvoted by his siblings. Lachlan may face the same situation, given that his own siblings have equal stakes in the media empire.
CORPORATES
NEWS CORPORATION – ASX NWS, FOX CORPORATION