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With cable news in a death spiral, Fox Corp facing potentially crippling lawsuits, and dad Rupert Murdoch stepping back, Lachlan will have a full inbox of challenges in his new role as head of the family empire, Bevan Hurley reports
Media titan Rupert Murdoch saluted his son Lachlan as a "principled leader" as the younger Murdoch officially became chairman of News Corp on Wednesday.
Speaking during the News Corporation annual shareholders meeting on Wednesday, the 92-year-old saluted his son, 52, as the right man to lead the company forward.