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The Murdochs are stuck in a multibillion-dollar family feud. The empire they’re fighting over is flourishing

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Original article by
The Sydney Morning Herald – Page: Online : 4-Jun-25

Media magnate Rupert Murdoch will pursue an appeal against a Nevada court’s ruling in late 2024 which blocked his bid to change the terms of a family trust. However, the Murdoch family’s in-fighting over the future control of their media empire appears to have had little impact on News Corp and Fox Corp. Fox’s market capitalisation has risen to around $US24bn ($37bn), despite the growing shift from both cable and broadcast TV to streaming services; the 2019 decision to sell its general entertainment assets and focus on news and sport has paid off. Likewise, News Corp’s share price has risen by nearly 50 per cent in the last two years, although Jason Bazinet of Citigroup contends that this is due largely to assets such as its stake in REA Group rather than its newspaper and book publishing assets.

CORPORATES
FOX CORPORATION, NEWS CORPORATION – ASX NWS, CITIGROUP INCORPORATED, REA GROUP LIMITED – ASX REA

Rupert Murdoch steps down as chairman of Fox Corporation and News Corp

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Original article by Liana Walker
abc.net.au – Page: Online : 22-Sep-23

Media mogul Rupert Murdoch says the time is right for him to take on new roles at News Corp and Fox Corp. The 92-year-old has advised that he will formally step down as chairman of both companies at their AGMs in November. Murdoch will become Chairman Emeritus at both companies, and he emphasises that he will continue to take an active role in the "contest of ideas" at the media groups. His son Lachlan Murdoch will become the sole chairman of News Corp and continue in his role as executive chairman and CEO of Fox Corp. Rupert Murdoch says both himself and the companies he founded are in "robust health". However, he warns that the battle for freedom of speech and freedom of thought has never been more intense.

CORPORATES
NEWS CORPORATION – ASX NWS, FOX CORPORATION

Activist investor aims to scuttle Murdoch’s $39b megamerger

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Original article by Elizabeth Knight
Brisbane Times – Page: Online : 23-Nov-22

Irenic Capital owns two per cent of News Corporation’s Class B shares. The activist investor opposes Rupert Murdoch’s proposal to merge News Corp and Fox Corp, warning that reunifying the two companies would be expensive and distracting. He has written to the committee of News Corp directors that is assessing the merger proposal, urging them to recommend not proceeding with the deal. Irenic instead is of the view that News Corp should spin off its real estate assets, which include a 61 per cent stake in realestate.com.au owner REA Group.

CORPORATES
NEWS CORPORATION – ASX NWS, FOX CORPORATION, IRENIC CAPITAL MANAGEMENT LP, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU

Lachlan could reunite Murdoch family empire

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Original article by Max Mason
The Australian Financial Review – Page: 30 : 25-Mar-19

Lachlan Murdoch has taken over as CEO of Fox Corporation, while he remains co-chairman of News Corporation. There is speculation that he may seek to re-combine the two Murdoch family businesses, but any action on this front would be unlikely to occur for at least another two years. Like his father Rupert, Lachlan Murdoch is regarded as being passionate about publishing; he began his involvement with News Corp at the age of 16 when he cleaned printing presses in Queensland.

CORPORATES
NEWS CORPORATION – ASX NWS, FOX CORPORATION, REA GROUP LIMITED – ASX REA, WALT DISNEY COMPANY, 21ST CENTURY FOX INCORPORATED