For Lachlan Murdoch, this has been a long time coming — assuming, that is, his moment has actually arrived.
FILE - Lachlan Murdoch appears at the Vanity Fair Oscar Party in Beverly Hills, Calif., on Feb. 9, 2020. Rupert Murdoch is stepping down at Fox and News Corp, son Lachlan will take over as chairman of both companies. For Lachlan Murdoch, this has been a long time coming assuming, that is, his moment has actually arrived. On Thursday, his father Rupert Murdoch announced that hes stepping down as the head of his two media companies News Corp. and Fox Corp. -- as of November.
The changes make Rupert's eldest son the undisputed leader of the media empire his father built over decades. There's no real sign that his siblings and former rivals James and Elisabeth contested him for the top job; James in particular has distanced himself from the company and his father's politics for several years.
After graduation, though, Lachlan plunged headlong into his father's business, moving to Australia to work for the Murdoch newspapers that were once the core of News Corp.'s business. Many assumed he was being groomed for higher things at News Corp., and they were not wrong. Within just a few years, Lachlan was deputy CEO of the News Corp. holding company for its Australian properties; shortly thereafter, he took an executive position at News Corp.
Lachlan returned to Australia, where he has often described feeling most at home, and founded an investment group that purchased a string of local radio stations among other properties., in which tabloid journalists at the News of the World and other Murdoch-owned publications had found a way to listen to voicemails of the British royal family, journalistic competitors and even a missing schoolgirl, had seriously damaged the company. The fracas led to resignations of several News Corp.
While it took more convincing, Lachlan eventually returned to the company in 2014 as co-chairman of News Corp. alongside James.
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