While Murdoch Sr still has power over critical decisions - through control of the family trust that owns most of the shares in News Corp and Fox insiders say ultimately the empire will be shaped in Lachlan's image.
"He oversees an old media company in a new media era," said one former senior executive. "A lot of management reflects that, and he and they know it. His father built the business by being the boldest media baron in the world. Will Lachlan do the same, or play it safe? And who will he keep by his side to do it?"
Multiple sources believe that the handover also sets the stage for the passing of the baton of control of News Corp, which is home to assets including the Sun, the Times, the Wall Street Journal and the Australian as well as the book publisher HarperCollins. The firm has been run by Thomson for the last decade.
This story is from the September 23, 2023 edition of The Guardian.
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This story is from the September 23, 2023 edition of The Guardian.
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