sole owner of 20th century fox. wasn t one of his children to succeed him, but he doesn t say when, who and how. it s going to have to be fought out between them. two minutes to the official start of the race. there are the boats. the race in australia, it s a big deal. it s a kind of their super bowl. lachlan had done a lot of sailing and he eagerly signed up for the 98 race. 54th race. he sailed onboard the boat sayonara. up on the high side there, getting out. it was a beautiful day. and not long after the race began there was a line of clouds. like a black wall. there were wind gusts of close to 100 miles per hour. and the waves were enormous. is there anything you fear in life? you always worry, i think, about the unexpected that could happen. it could bring all this tumbling down. the boats would head into the waves and they d stort of climb up, and then they d go launching off the top of the wave and hurtling down. certainly one has to remain
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.
Media magnate Rupert Murdoch on Monday announced that he would be stepping down as the leader of both Fox News' parent company and his News Corp media holdings with his son, Lachlan, set to take his place. Through his decades-long career, Murdoch, 92, built an empire beginning with his father's newspaper in Adelaide, Australia and became a multibillionaire.
The Succession finale may have only been four months ago, but Rupert Murdoch’s big news has reignited our appetite for billionaire media mogul drama.