EXECUTIVE SUCCESSION – UNITED STATES

Battle of the Murdochs

roymorgansocial Leave a comment

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

Why Murdoch changed his tune on selling

roymorgansocial Leave a comment

Original article by Amol Sharma, Joel Flint
The Australian – Page: 17 & 22 : 7-Dec-17

Rupert Murdoch’s 21st Century Fox has a market capitalisation of about $US60bn ($A79.1bn). The proposal to sell the bulk of its assets to Walt Disney Company would allow Murdoch to achieve a premium price for those assets at a time when the traditional media industry is facing growing competition from companies such as Netflix and Google. A deal with Disney might also help resolve the issue of succession at 21st Century Fox, as there has been speculation that CEO James Murdoch could take up an executive role at Disney, leaving the way clear for Lachlan Murdoch to head Fox.

CORPORATES
21ST CENTURY FOX INCORPORATED, WALT DISNEY COMPANY, COMCAST CORPORATION, NEWS CORPORATION – ASX NWS, NETFLIX INCORPORATED, AMAZON.COM INCORPORATED, GOOGLE INCORPORATED, FACEBOOK INCORPORATED, SKY PLC, 20TH CENTURY FOX INCORPORATED, METROMEDIA INTERNATIONAL, STAR INDIA, FOX NEWS, HARPERCOLLINS, TIME WARNER INCORPORATED, HBO, AT&T CORPORATION, TESLA INCORPORATED, VICE MEDIA INCORPORATED, UNITED STATES. DEPT OF JUSTICE

Rupert Murdoch to stand down as CEO of 21st Century Fox, son James to succeed

roymorgansocial Leave a comment

Original article by
ABC News – Page: Online : 12-Jun-15

21st Century Fox has advised that James Murdoch will replace Rupert Murdoch as CEO of the US media group later in 2015 or in 2016. Rupert Murdoch will stay in the role of executive chairman, with Lachlan Murdoch as co-chairman. There has also been media speculation that Chase Carey will also stand down as president and COO of 21st Century Fox. http://www.abc.net.au/news/2015-06-12/rupert-murdoch-to-stand-down-as-ceo-of-21st-century-fox/6540286

CORPORATES
21ST CENTURY FOX INCORPORATED, FOX NEWS, CNBC, MSNBC, NEWS CORPORATION – ASX NWS, SKY PLC, DOW JONES AND COMPANY

Rupert and the wolves at News Corp

roymorgansocial Leave a comment

Original article by Neil Chenoweth
The Australian Financial Review – Page: 10 : 13-Feb-15

News Corporation’s succession plan does not consider the possibility of co-chairman Rupert Murdoch being incapacitated. The plan states that, on his death, four directors representing each of his adult children will assume responsibility for the company. Murdoch’s incapacity is not mentioned. The company could be an attractive takeover target, due to assets such as its stakes in REA Group and Foxtel

CORPORATES
NEWS CORPORATION – ASX NWS, REA GROUP LIMITED – ASX REA, FOXTEL MANAGEMENT PTY LTD, 21ST CENTURY FOX INCORPORATED, SOUTHEASTERN ASSET MANAGEMENT INCORPORATED