CEO David Zaslav continues to beat the drum for bundling and he wants Wbd to be at the forefront.
The major story dominating the entertainment industry in recent weeks has been the announcement that Disney, Fox, and Warner Bros. Discovery will be coming together to launch a direct-to-consumer (Dtc) streaming service that pulls together the three companies’ live sports media rights. However, as more has been revealed about the project, it’s becoming clearer that the media entities involved see this as far more than a pure sports play. During the company’s fourth-quarter earnings call on Friday, CEO David Zaslav confirmed that Wbd’s flagship streaming service Max will be available to bundle with the sports streamer set to launch this fall, echoing a similar announcement made by Disney.
The streaming sports joint venture between Disney, Fox, and Wbd is set to launch this fall. Disney has already announced...
The major story dominating the entertainment industry in recent weeks has been the announcement that Disney, Fox, and Warner Bros. Discovery will be coming together to launch a direct-to-consumer (Dtc) streaming service that pulls together the three companies’ live sports media rights. However, as more has been revealed about the project, it’s becoming clearer that the media entities involved see this as far more than a pure sports play. During the company’s fourth-quarter earnings call on Friday, CEO David Zaslav confirmed that Wbd’s flagship streaming service Max will be available to bundle with the sports streamer set to launch this fall, echoing a similar announcement made by Disney.
The streaming sports joint venture between Disney, Fox, and Wbd is set to launch this fall. Disney has already announced...
- 2/23/2024
- by Matt Tamanini
- The Streamable
Those who don’t follow professional wrestling may not appreciate just how tough and grueling it is. It isn’t enough to be on the road 200+ days a year, getting dropped on your head or your back every night, dealing with injuries, losing your spot on the roster, and worse. If you’ve seen films like The Iron Claw, The Wrestler, or the old Beyond the Mat documentary, you know that professional wrestling is grind like no other.
But the other aspect that goes underappreciated is how much wrestling relies on acting. If you have any hope of making it big, it isn’t enough to be able to do a tope suicida or Texas Cloverleaf on the way to a 5-star mat classic. You have to be able to act your role, day in and day out. Often, you have to act live, in front of an audience of thousands,...
But the other aspect that goes underappreciated is how much wrestling relies on acting. If you have any hope of making it big, it isn’t enough to be able to do a tope suicida or Texas Cloverleaf on the way to a 5-star mat classic. You have to be able to act your role, day in and day out. Often, you have to act live, in front of an audience of thousands,...
- 2/4/2024
- by Travis Hopson
- JoBlo.com
Exploring an amnesiac man’s journey of retrieving his memories, The Tourist poses a rather serious question: What would one do if given a second chance at life? For Lachlan Rogers, however, this is a different scenario, as he may never have that second chance.
Lachlan is initially presented to the audience as a high-ranking detective at the Major Crimes department, enjoying a celebrity status among his law enforcement peers. His introduction includes a scene where he gives a lecture to a class of recruits, depicting his authority and experience in the field. Amidst his professional demeanor, Lachlan’s personal life comes into focus when he makes a call to his wife in the middle of his lecture, revealing a meticulous resolution to his schedules, particularly emphasizing the importance of prioritising with his spouse.
Spoilers Ahead
Why Is Lachlan So Meticulous About Calling His Wife?
Lachlan’s relentless pursuit of...
Lachlan is initially presented to the audience as a high-ranking detective at the Major Crimes department, enjoying a celebrity status among his law enforcement peers. His introduction includes a scene where he gives a lecture to a class of recruits, depicting his authority and experience in the field. Amidst his professional demeanor, Lachlan’s personal life comes into focus when he makes a call to his wife in the middle of his lecture, revealing a meticulous resolution to his schedules, particularly emphasizing the importance of prioritising with his spouse.
Spoilers Ahead
Why Is Lachlan So Meticulous About Calling His Wife?
Lachlan’s relentless pursuit of...
- 2/2/2024
- by Shrey Ashley Philip
- Film Fugitives
Rupert Murdoch’s American media empire was forged in dealmaking.
The mogul transformed a regional newspaper business into a juggernaut through acquisitions, perhaps most notably the 20th Century Fox Film Corp. in 1985 and Dow Jones (owner of The Wall Street Journal) in 2007. But he also knew when to sell. Murdoch split his companies in two in 2013, separating the film and TV business from his newspaper empire (as well as his Australian telecom holdings), betting that the newspapers were holding down the value of Fox’s TV business. And in a blockbuster $71 billion deal in 2019, Murdoch sold off nearly all of his Hollywood assets to Disney (he notably kept the Fox broadcast network and the Fox studio lot in Los Angeles).
Rupert Murdoch no longer is a presence on the Fox and News Corp. boards, having shifted to a fuzzier “chairman emeritus” role effective Nov. 17, leaving his son Lachlan to run the show for now,...
The mogul transformed a regional newspaper business into a juggernaut through acquisitions, perhaps most notably the 20th Century Fox Film Corp. in 1985 and Dow Jones (owner of The Wall Street Journal) in 2007. But he also knew when to sell. Murdoch split his companies in two in 2013, separating the film and TV business from his newspaper empire (as well as his Australian telecom holdings), betting that the newspapers were holding down the value of Fox’s TV business. And in a blockbuster $71 billion deal in 2019, Murdoch sold off nearly all of his Hollywood assets to Disney (he notably kept the Fox broadcast network and the Fox studio lot in Los Angeles).
Rupert Murdoch no longer is a presence on the Fox and News Corp. boards, having shifted to a fuzzier “chairman emeritus” role effective Nov. 17, leaving his son Lachlan to run the show for now,...
- 9/27/2023
- by Alex Weprin and Georg Szalai
- The Hollywood Reporter - Movie News
Former White House press secretary-turned-MSNBC anchor Jen Psaki torched Fox News and Rupert Murdoch after the announcement of his departure from the company on Thursday.
In announcing the exit, Murdoch appointed his son Lachlan in his place as chairman of Fox and News Corp. After decades of relentlessly building a massive media empire, however, Murdoch’s exit didn’t leave Psaki with high hopes for the future of Fox News without him.
“You can’t really talk about the right wing ecosystem in this country without talking about Rupert Murdoch, who announced this week that he’s retiring from his role as chairman of Fox and News Corp,” Psaki said on Sunday’s episode of “Inside With Jen Psaki.”
The MSNBC host continued, “But even if he never sets foot in his office again, he removes himself entirely — which, by the way, I’m very skeptical of — he’s...
In announcing the exit, Murdoch appointed his son Lachlan in his place as chairman of Fox and News Corp. After decades of relentlessly building a massive media empire, however, Murdoch’s exit didn’t leave Psaki with high hopes for the future of Fox News without him.
“You can’t really talk about the right wing ecosystem in this country without talking about Rupert Murdoch, who announced this week that he’s retiring from his role as chairman of Fox and News Corp,” Psaki said on Sunday’s episode of “Inside With Jen Psaki.”
The MSNBC host continued, “But even if he never sets foot in his office again, he removes himself entirely — which, by the way, I’m very skeptical of — he’s...
- 9/25/2023
- by Natalie Korach
- The Wrap
At Fox Business Network — for one night, at least — it’s all a lot more than the economy.
When the cable outlet televises a Republican primary debate on September 27, many of the strategies it used the last time it did so are going out the window. Gone are moderators Neil Cavuto and Maria Bartiromo, who have experience with such events. In their place: First-timers Stuart Varney and Dana Perino, alongside Univision’s Ilia Calderón. The network will also move away from its efforts to focus largely on business and economic topics, as it has in the past.
Executives at Fox News Media have begun contemplating when to take more momentous news coverage to a broader audience, says Jay Wallace, president and executive editor of Fox News Media, in an interview. “There are very few events out there anymore,” Wallace says. “People do care about politics,” he adds. “It is a...
When the cable outlet televises a Republican primary debate on September 27, many of the strategies it used the last time it did so are going out the window. Gone are moderators Neil Cavuto and Maria Bartiromo, who have experience with such events. In their place: First-timers Stuart Varney and Dana Perino, alongside Univision’s Ilia Calderón. The network will also move away from its efforts to focus largely on business and economic topics, as it has in the past.
Executives at Fox News Media have begun contemplating when to take more momentous news coverage to a broader audience, says Jay Wallace, president and executive editor of Fox News Media, in an interview. “There are very few events out there anymore,” Wallace says. “People do care about politics,” he adds. “It is a...
- 9/25/2023
- by Brian Steinberg
- Variety Film + TV
Fox, which just announced that Rupert Murdoch is stepping down as chairman, unveiled a few more changes to its board of directors today.
An SEC filing listing the slate up for election at its November annual meeting showed Anne Dias and Jacques Nasser are not running again. They have both served since Fox became a standalone public company in 2019.
Dias’s name popped up in the flood of discovery material that was made public earlier this year, as Fox faced a defamation trial in a lawsuit brought by Dominion Voting Systems.
Among the revelations was that five days after the January 6th attack on the Capitol, Dias advised that “considering how important Fox News has been as a megaphone for Donald Trump, directly or indirectly, I believe the time has come for Fox News or you, Lachlan, to take a stance. It is an existential moment for the nation and...
An SEC filing listing the slate up for election at its November annual meeting showed Anne Dias and Jacques Nasser are not running again. They have both served since Fox became a standalone public company in 2019.
Dias’s name popped up in the flood of discovery material that was made public earlier this year, as Fox faced a defamation trial in a lawsuit brought by Dominion Voting Systems.
Among the revelations was that five days after the January 6th attack on the Capitol, Dias advised that “considering how important Fox News has been as a megaphone for Donald Trump, directly or indirectly, I believe the time has come for Fox News or you, Lachlan, to take a stance. It is an existential moment for the nation and...
- 9/22/2023
- by Jill Goldsmith and Ted Johnson
- Deadline Film + TV
More news on the Murdoch front as the Fox Corp. proxy filed today shows Rupert with a 24% pay increase in fiscal 2023 to $22.9 million from $18.9 million. It’s his last full year as chairman of the board as succession planning kicks in.
CEO and executive chair Lachlan Murdoch’s compensation totaled $21.77 million, from $21.75 the year before. The company’s fiscal year ends June 30.
The family announced yesterday that Rupert Murdoch will be stepping down as chair of both Fox and News Corp., formally passing the baton to Lachlan, who will assume the sole chairman positions effective after the annual meeting of shareholders set for Nov. 17. Rupert will hold a title of chairman emeritus.
The SEC filing this afternoon shows Murdoch senior’s compensation package includes a base salary of $5 million; stock and option awards valued, respectively, at $5.8 million and $1.75 million, and non-equity incentive plan compensation (like a cash bonus) of $4.45 million.
CEO and executive chair Lachlan Murdoch’s compensation totaled $21.77 million, from $21.75 the year before. The company’s fiscal year ends June 30.
The family announced yesterday that Rupert Murdoch will be stepping down as chair of both Fox and News Corp., formally passing the baton to Lachlan, who will assume the sole chairman positions effective after the annual meeting of shareholders set for Nov. 17. Rupert will hold a title of chairman emeritus.
The SEC filing this afternoon shows Murdoch senior’s compensation package includes a base salary of $5 million; stock and option awards valued, respectively, at $5.8 million and $1.75 million, and non-equity incentive plan compensation (like a cash bonus) of $4.45 million.
- 9/22/2023
- by Jill Goldsmith and Ted Johnson
- Deadline Film + TV
The last time Rupert Murdoch believed that he had created the Next Big Thing, he celebrated at the Temple of Dendur.
The Roman Egyptian temple, completed in 10 Bce, was dedicated to the Egyptian goddess Isis, who was believed to help the dead enter the afterlife.
Now a few Millennia later, the Temple of Dendur resides as a centerpiece in the collection of New York’s Metropolitan Museum of Art, where thousands of visitors gather each year to marvel at its grandeur.
The evening of Oct. 24, 2007, Murdoch gathered New York’s business and media elite at the Temple, where hundreds of candles spelled out the word “Fox” as they entered the venue.
The purpose of the party was a celebration of Murdoch’s new idea, one conceived with his Fox News lieutenant Roger Ailes: a competitor to CNBC called Fox Business Network.
“In this country we have the best-run, the...
The Roman Egyptian temple, completed in 10 Bce, was dedicated to the Egyptian goddess Isis, who was believed to help the dead enter the afterlife.
Now a few Millennia later, the Temple of Dendur resides as a centerpiece in the collection of New York’s Metropolitan Museum of Art, where thousands of visitors gather each year to marvel at its grandeur.
The evening of Oct. 24, 2007, Murdoch gathered New York’s business and media elite at the Temple, where hundreds of candles spelled out the word “Fox” as they entered the venue.
The purpose of the party was a celebration of Murdoch’s new idea, one conceived with his Fox News lieutenant Roger Ailes: a competitor to CNBC called Fox Business Network.
“In this country we have the best-run, the...
- 9/22/2023
- by Alex Weprin
- The Hollywood Reporter - Movie News
Lachlan Murdoch has had a lot to prove and the stakes just got quite a bit higher as Murdoch senior is set to depart the Fox and News Corp. boards, formalizing a transition underway for years.
Lachlan will be sole chairman of both companies and succession, for years an open question, is firmly settled. But uncertainty still lurks. Rupert Murdoch holds 40% of Fox and News Corp. voting stock through a family trust, which, post-Rupert, will pass to Lachlan and his oldest siblings – James, Elisabeth and Prudence. If they wanted to, and it’s not clear they do, the three could out-vote Lachlan to sell Fox, restructure it, push him out. “I think that is a question mark,” said one analyst. “I have no idea how that is going to play out.”
Liberal-leaning James left the family business over editorial and political differences and there may be a rift. “Who...
Lachlan will be sole chairman of both companies and succession, for years an open question, is firmly settled. But uncertainty still lurks. Rupert Murdoch holds 40% of Fox and News Corp. voting stock through a family trust, which, post-Rupert, will pass to Lachlan and his oldest siblings – James, Elisabeth and Prudence. If they wanted to, and it’s not clear they do, the three could out-vote Lachlan to sell Fox, restructure it, push him out. “I think that is a question mark,” said one analyst. “I have no idea how that is going to play out.”
Liberal-leaning James left the family business over editorial and political differences and there may be a rift. “Who...
- 9/22/2023
- by Jill Goldsmith
- Deadline Film + TV
The ruthless, decades-long sibling rivalry that inspired “Succession” is coming to a quiet close, as Rupert Murdoch hands the keys to Fox and News Corp to his eldest son Lachlan. But with the less-hands-on son taking over from the business and media legend, experts say this family saga is far from over.
Murdoch for decades was concerned about his successor, and long wanted one of his three children with his second wife — Elisabeth, Lachlan and James — to take over, at one point intentionally plunging them into a lengthy succession battle. Besides being the oldest son, Lachlan also had the advantage of sharing his father’s right-wing political ideology, and his heir-apparent status became clear in recent years as he ascended within Fox Corp.
But analysts suggest that Lachlan, 52, will struggle to fill his father’s legendary shoes, at a particularly challenging time for Fox News.
“Like father, like son? That...
Murdoch for decades was concerned about his successor, and long wanted one of his three children with his second wife — Elisabeth, Lachlan and James — to take over, at one point intentionally plunging them into a lengthy succession battle. Besides being the oldest son, Lachlan also had the advantage of sharing his father’s right-wing political ideology, and his heir-apparent status became clear in recent years as he ascended within Fox Corp.
But analysts suggest that Lachlan, 52, will struggle to fill his father’s legendary shoes, at a particularly challenging time for Fox News.
“Like father, like son? That...
- 9/22/2023
- by Natalie Korach
- The Wrap
Rupert Murdoch’s announcement that he is retiring from the boards of Fox and of News Corporation had particularly interesting timing for one journalist.
“The Fall,” the new book by Michael Wolff, peers inside what we now know are the final days of Murdoch’s consequential tenure at the heart of global news. To be released Sept. 26 (and currently available for pre-order on Amazon), the book documents a particularly challenging stretch for Murdoch’s Fox News, buffeted by interpersonal drama and lawsuits by election-technology companies Dominion and Smartmatic. (The former suit was settled for some $787.5 million.)
Known for his Trump White House barnburner “Fire and Fury,” Wolff is a reporter who finds his way into all manner of tense and surprising conversations — this time around the question of when the boss at News Corp will finally exit the scene. And while the book’s narrative concludes before Thursday’s news that Lachlan Murdoch,...
“The Fall,” the new book by Michael Wolff, peers inside what we now know are the final days of Murdoch’s consequential tenure at the heart of global news. To be released Sept. 26 (and currently available for pre-order on Amazon), the book documents a particularly challenging stretch for Murdoch’s Fox News, buffeted by interpersonal drama and lawsuits by election-technology companies Dominion and Smartmatic. (The former suit was settled for some $787.5 million.)
Known for his Trump White House barnburner “Fire and Fury,” Wolff is a reporter who finds his way into all manner of tense and surprising conversations — this time around the question of when the boss at News Corp will finally exit the scene. And while the book’s narrative concludes before Thursday’s news that Lachlan Murdoch,...
- 9/21/2023
- by Daniel D'Addario
- Variety Film + TV
Executive retirements at age 92 don’t typically come as much of a surprise — unless the person stepping aside is a media mogul called Rupert Murdoch.
After Fox Corp. and News Corp. said on Thursday that Murdoch would step aside as chairman of both his companies, effective as of the annual meetings for both firms in November, Wall Street analysts started dissecting the move, its timing and its impact. Son Lachlan Murdoch will keep leading both companies, which only fuels Succession-esque speculation about how the transition will truly play out.
“While Rupert Murdoch is a one-of-a-kind global visionary, Lachlan Murdoch has been running the company for the last five to 10 years,” Bank of America analyst Jessica Reif Ehrlich tells The Hollywood Reporter about the impact on Fox. “The company is uniquely positioned with a great balance sheet and very interesting set of assets. It is unlikely to change strategic direction in the foreseeable future.
After Fox Corp. and News Corp. said on Thursday that Murdoch would step aside as chairman of both his companies, effective as of the annual meetings for both firms in November, Wall Street analysts started dissecting the move, its timing and its impact. Son Lachlan Murdoch will keep leading both companies, which only fuels Succession-esque speculation about how the transition will truly play out.
“While Rupert Murdoch is a one-of-a-kind global visionary, Lachlan Murdoch has been running the company for the last five to 10 years,” Bank of America analyst Jessica Reif Ehrlich tells The Hollywood Reporter about the impact on Fox. “The company is uniquely positioned with a great balance sheet and very interesting set of assets. It is unlikely to change strategic direction in the foreseeable future.
- 9/21/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
Lachlan Murdoch, the 52-year-old scion, has — at least for now — won the game of succession at the media empire built by his aging father, Rupert.
Lachlan is not a change agent. His assumption of sole day-to-day command at News Corporation and Fox Corporation is a story of continuity — which likely means that the media organs under his watch will continue their signature mix of tabloid populism, climate denial, and mindless Maga-mania. In the letter announcing Lachlan’s promotion, Rupert called him “absolutely committed to the cause.”
The rise of the...
Lachlan is not a change agent. His assumption of sole day-to-day command at News Corporation and Fox Corporation is a story of continuity — which likely means that the media organs under his watch will continue their signature mix of tabloid populism, climate denial, and mindless Maga-mania. In the letter announcing Lachlan’s promotion, Rupert called him “absolutely committed to the cause.”
The rise of the...
- 9/21/2023
- by Tim Dickinson
- Rollingstone.com
A major transition at the top of a big company typically spells significant change. Just ask anyone who has worked for CNN while parent company WarnerMedia passed along to AT&T and then the new Warner Bros. Discovery.
But Fox News may — at least for now — remain as is, even though the network’s best-known backer, Rupert Murdoch, has signaled that he will step back from some parts of managing Fox Corp. and News Corp., handing the reins to his son, Lachlan, and becoming the companies’ chairman emeritus. Murdoch has vowed to remain active in matters of content, and people familiar with his management say it’s difficult to envision him not haggling over news cycles and Fox News Channel’s positioning on them.
To be sure, Fox News faces heady industry challenges. Linear TV audiences are shrinking, and with them, the leverage that media companies like Fox can use to...
But Fox News may — at least for now — remain as is, even though the network’s best-known backer, Rupert Murdoch, has signaled that he will step back from some parts of managing Fox Corp. and News Corp., handing the reins to his son, Lachlan, and becoming the companies’ chairman emeritus. Murdoch has vowed to remain active in matters of content, and people familiar with his management say it’s difficult to envision him not haggling over news cycles and Fox News Channel’s positioning on them.
To be sure, Fox News faces heady industry challenges. Linear TV audiences are shrinking, and with them, the leverage that media companies like Fox can use to...
- 9/21/2023
- by Brian Steinberg
- Variety Film + TV
At a posh party held at a downtown Manhattan brownstone on Wednesday night, notable journalists like Carl Bernstein and the New York Times’ op-ed columnist Michelle Goldberg converged to toast Michael Wolff’s upcoming book, “The Fall: The End of Fox News and the Murdoch Dynasty.” The timing couldn’t have been more apt given that the author foretold what would happen hours later with Rupert Murdoch’s surprise announcement that he was stepping down from the head of Fox Corp. and News Corp.
“It is unsustainable,” Wolff said of the Murdoch era that relied on the Donald Trump ratings juggernaut. “When liberals such as ourselves think about Fox News, we shudder. I kind of come from a different school. I’m ultimately not that interested in politics. I’m a writer, and I’m interested in stories, and, Jesus, this is a hell of a story. The old guy walking into walls,...
“It is unsustainable,” Wolff said of the Murdoch era that relied on the Donald Trump ratings juggernaut. “When liberals such as ourselves think about Fox News, we shudder. I kind of come from a different school. I’m ultimately not that interested in politics. I’m a writer, and I’m interested in stories, and, Jesus, this is a hell of a story. The old guy walking into walls,...
- 9/21/2023
- by Tatiana Siegel
- Variety Film + TV
Rupert Murdoch announced Thursday that he’s retiring from his chairman roles at both Fox Corp. and News Corp., with his son Lachlan set to take the reigns, and naturally, the “Succession” comparisons came pretty quick. For “The View” host Alyssa Farah Griffin, Lachlan’s takeover is a bit like Roman Roy winning on the HBO series.
Murdoch’s retirement led the days Hot Topics on Thursday, with the hosts immediately worrying about what will happen during Lachlan’s tenure. As host Joy Behar pointed out, “he’s even more conservative than Rupert.” But, host Ana Navarro had a hunch as to why Rupert Murdoch even decided to pass the torch at all.
“This feels like ‘Succession,’ the HBO show, playing out in real life, so they must have watched it,” she speculated. “And they must have learned, Rupert must have learned that it’s better to hand over the...
Murdoch’s retirement led the days Hot Topics on Thursday, with the hosts immediately worrying about what will happen during Lachlan’s tenure. As host Joy Behar pointed out, “he’s even more conservative than Rupert.” But, host Ana Navarro had a hunch as to why Rupert Murdoch even decided to pass the torch at all.
“This feels like ‘Succession,’ the HBO show, playing out in real life, so they must have watched it,” she speculated. “And they must have learned, Rupert must have learned that it’s better to hand over the...
- 9/21/2023
- by Andi Ortiz
- The Wrap
Rupert Murdoch, the 92-year-old Australian media magnate whose creation of Fox News made him a force in American politics, is stepping down as leader of both Fox’s parent company and his News Corp. media holdings.
Fox said Thursday that Murdoch would become chairman emeritus of both companies, effective at board meetings in November. His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp.
Read More: Rupert Murdoch And Ann Lesley Smith Call Off Their Engagement
Lachlan Murdoch said that “we are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.”
Besides Fox News, Murdoch started the Fox broadcast network, the first to successfully challenge the Big Three of ABC, CBS and NBC, with shows like “The Simpsons.” He is owner of The Wall Street Journal and the New York Post.
Fox News Channel...
Fox said Thursday that Murdoch would become chairman emeritus of both companies, effective at board meetings in November. His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp.
Read More: Rupert Murdoch And Ann Lesley Smith Call Off Their Engagement
Lachlan Murdoch said that “we are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.”
Besides Fox News, Murdoch started the Fox broadcast network, the first to successfully challenge the Big Three of ABC, CBS and NBC, with shows like “The Simpsons.” He is owner of The Wall Street Journal and the New York Post.
Fox News Channel...
- 9/21/2023
- by Alex Nino Gheciu
- ET Canada
His son Lachlan Murdoch will take over in November.
Rupert Murdoch, the Australia–born media mogul, has stepped down as chairman of Fox Corporation and News Corp, with his son Lachlan Murdoch set to take over both companies.
Among the companies’ media operations are The Times and The Sun in the UK and Fox News Channel and The Wall Street Journal in the US.
It is expected the change will come into effect in November, with Rupert Murdoch retaining a ‘chairman emeritus’ status.
In a letter to employees, 92-year-old Murdoch noted the companies “are in robust health, as am I...
Rupert Murdoch, the Australia–born media mogul, has stepped down as chairman of Fox Corporation and News Corp, with his son Lachlan Murdoch set to take over both companies.
Among the companies’ media operations are The Times and The Sun in the UK and Fox News Channel and The Wall Street Journal in the US.
It is expected the change will come into effect in November, with Rupert Murdoch retaining a ‘chairman emeritus’ status.
In a letter to employees, 92-year-old Murdoch noted the companies “are in robust health, as am I...
- 9/21/2023
- by Mona Tabbara
- ScreenDaily
Australian media mogul and Fox News founder Ruper Murdoch has announced that at age 92 he will be stepping down as chairman of his flagship companies Fox and News Corp, and adopting a role as “chairman emeritus.” The official title will transfer to his son Lachlan Murdoch, 52, in November.
“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News [Corp],” Murdoch wrote in a letter to staff. “For my entire professional life, I have been engaged daily with news and ideas,...
“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News [Corp],” Murdoch wrote in a letter to staff. “For my entire professional life, I have been engaged daily with news and ideas,...
- 9/21/2023
- by Nikki McCann Ramirez and Ryan Bort
- Rollingstone.com
Rupert Murdoch will be stepping down shortly as chairman of the board of Fox and News Corp., the companies said Thursday.
It’s a momentous move for the media mogul, who built an empire from a string of local papers in Australia. But it’s also a logical next step as the 92-year-old eases out of the day-to-day and continues to cede control to his oldest son Lachlan Murdoch, who will become sole chair of News Corp and continue as executive chair and CEO of Fox Corporation.
Rupert will be Chairman Emeritus of each company, exiting both boards after the annual shareholders meetings; the Fox gathering is set for November 17. In a letter to employees, Murdoch said “the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies.
It’s a momentous move for the media mogul, who built an empire from a string of local papers in Australia. But it’s also a logical next step as the 92-year-old eases out of the day-to-day and continues to cede control to his oldest son Lachlan Murdoch, who will become sole chair of News Corp and continue as executive chair and CEO of Fox Corporation.
Rupert will be Chairman Emeritus of each company, exiting both boards after the annual shareholders meetings; the Fox gathering is set for November 17. In a letter to employees, Murdoch said “the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies.
- 9/21/2023
- by Jill Goldsmith and Ted Johnson
- Deadline Film + TV
Rupert Murdoch is retiring as chairman of Fox and News Corp., the company announced Thursday.
He will step down in mid-November, at which point his son, Lachlan Murdoch, will become the sole chairman of News Corp. and will continue as Fox Corp.’s executive chair and CEO.
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“On behalf of the Fox and News Corp boards of directors,...
He will step down in mid-November, at which point his son, Lachlan Murdoch, will become the sole chairman of News Corp. and will continue as Fox Corp.’s executive chair and CEO.
More from TVLineFriday Night SmackDown Leaving Fox, Returning to USA Network in 2024 - Plus, WWE Specials Coming to NBCKitchen Nightmares EP Talks Series' Return, 'The Bear Effect' and the Most 'Gnarly' Moment to Watch (Out) ForKrapopolis Review: Praise the Gods, Fox's New Cartoon Is Actually Funny
“On behalf of the Fox and News Corp boards of directors,...
- 9/21/2023
- by Ryan Schwartz
- TVLine.com
Rupert Murdoch, who took over his father’s small Australian newspaper in 1952 and spent the next 70 years building what would become Fox Corp. and News Corp, is retiring from his chairman roles at both companies and setting his son Lachlan, 52, to take his place, the companies announced Thursday.
The 92-year-old Murdoch will become Chairman Emeritus of each company while his son becomes the sole chair of News Corp. and maintains his role as executive chair and CEO of Fox Corp. The changes will be effective following a mid-November shareholders meeting – and finally settle a family succession drama that became less of an open question in recent years as Lachlan, the eldest sibling, ascended within his father’s empire as James and Elisabeth took a step back.
“On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work,...
The 92-year-old Murdoch will become Chairman Emeritus of each company while his son becomes the sole chair of News Corp. and maintains his role as executive chair and CEO of Fox Corp. The changes will be effective following a mid-November shareholders meeting – and finally settle a family succession drama that became less of an open question in recent years as Lachlan, the eldest sibling, ascended within his father’s empire as James and Elisabeth took a step back.
“On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work,...
- 9/21/2023
- by Natalie Korach
- The Wrap
Rupert Murdoch, whose sheer force of will allowed him to build a media empire that influenced the course of national politics in the U.S., U.K. and Australia, will step down as the titular head of the companies he controls, Fox Corp. and News Corp. — a move that could raise new questions about the fates of both assets.
Lachlan Murdoch, his son, will take over the chairman role at both companies, which between them operate Fox News Channel and The Wall Street Journal in the U.S. and The Times and The Sun in the U.K. Rupert, who is 92 years old, will shift into an emeritus role. The moves are expected to be approved in mid-November by the shareholders of each company. The elder Murdoch would appear to still control the family trust that governs both companies.
“On behalf of the Fox and News Corp boards of directors,...
Lachlan Murdoch, his son, will take over the chairman role at both companies, which between them operate Fox News Channel and The Wall Street Journal in the U.S. and The Times and The Sun in the U.K. Rupert, who is 92 years old, will shift into an emeritus role. The moves are expected to be approved in mid-November by the shareholders of each company. The elder Murdoch would appear to still control the family trust that governs both companies.
“On behalf of the Fox and News Corp boards of directors,...
- 9/21/2023
- by Brian Steinberg and Zack Sharf
- Variety Film + TV
Media mogul Rupert Murdoch is stepping down as the chairman of his empire.
Fox Corp. and News Corp. said Thursday that Murdoch would step aside as chairman of Fox Corp. and News Corp., effective as of the annual meetings for his companies in November.
Lachlan Murdoch will continue to lead the two companies.
“On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career,” said Lachlan Murdoch in a statement. “We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted. We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies.”
Lachlan Murdoch had already taken over much of the family business,...
Fox Corp. and News Corp. said Thursday that Murdoch would step aside as chairman of Fox Corp. and News Corp., effective as of the annual meetings for his companies in November.
Lachlan Murdoch will continue to lead the two companies.
“On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career,” said Lachlan Murdoch in a statement. “We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted. We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies.”
Lachlan Murdoch had already taken over much of the family business,...
- 9/21/2023
- by Alex Weprin and Caitlin Huston
- The Hollywood Reporter - Movie News
Rupert Murdoch, 92, is ready to settle down again – for the fifth time. The billionaire media mogul is set to marry Ann Lesley Smith, 66, a former police chaplain from California. The couple say their romance is a “gift from God.” This marks Smith’s third marriage.
Just seven months after his divorce from Jerry Hall, Murdoch says that he and his fiancee are looking forward to “spending the second half of our lives together.”
In Memoriam 2022: 100 Great Celebrities Who Died In 2022
“In perspective, it’s not my first rodeo,” said Ann Lesley. “Getting near 70 means being in the last half. I waited for the right time. Friends are happy for me.”
Guests at the Murdoch-Smith wedding will include world leaders and other titans of the business world. He owns a portfolio of national and international newspapers, including The Wall Street Journal and New York Post in the U.S., The...
Just seven months after his divorce from Jerry Hall, Murdoch says that he and his fiancee are looking forward to “spending the second half of our lives together.”
In Memoriam 2022: 100 Great Celebrities Who Died In 2022
“In perspective, it’s not my first rodeo,” said Ann Lesley. “Getting near 70 means being in the last half. I waited for the right time. Friends are happy for me.”
Guests at the Murdoch-Smith wedding will include world leaders and other titans of the business world. He owns a portfolio of national and international newspapers, including The Wall Street Journal and New York Post in the U.S., The...
- 3/23/2023
- by Emily Sorkin
- Uinterview
Rupert Murdoch has announced his engagement to Ann Lesley Smith via an interview in the New York Post.
The media mogul, 92, said he proposed on March 17 to Smith, a former San Francisco police chaplain, who is 66 years of age. The news of another wedding for Murdoch follows his earlier marriage to model Jerry Hall (who previously had a long relationship with rocker Mick Jagger) ending in divorce in August of 2022.
“I was very nervous. I dreaded falling in love — but I knew this would be my last. It better be. I’m happy,” Murdoch said of popping the question to Smith in the newspaper interview. Their wedding is expected to take place this summer.
Smith was previously married to Chester Smith, the country singer, radio and TV executive, who died in 2008. Murdoch split from his third wife, Wendi Deng, 46, in 2013. Murdoch and Deng had two children together, Grace and Chloe.
The media mogul, 92, said he proposed on March 17 to Smith, a former San Francisco police chaplain, who is 66 years of age. The news of another wedding for Murdoch follows his earlier marriage to model Jerry Hall (who previously had a long relationship with rocker Mick Jagger) ending in divorce in August of 2022.
“I was very nervous. I dreaded falling in love — but I knew this would be my last. It better be. I’m happy,” Murdoch said of popping the question to Smith in the newspaper interview. Their wedding is expected to take place this summer.
Smith was previously married to Chester Smith, the country singer, radio and TV executive, who died in 2008. Murdoch split from his third wife, Wendi Deng, 46, in 2013. Murdoch and Deng had two children together, Grace and Chloe.
- 3/20/2023
- by Etan Vlessing
- The Hollywood Reporter - Movie News
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