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Los Angeles Times
Los Angeles Times
Business
Meg James

Rupert Murdoch abandons News Corp.-Fox merger after investors push back

Rupert Murdoch News Corp Fox Lachlan Murdoch Fox News Donald Trump Fox Corp Dominion

Rupert Murdoch has abandoned his bid to reunite the two halves of his media empire.

Facing resistance among leading investors, the 91-year-old mogul and his son Lachlan on Tuesday notified the respective boards of Fox Corp. and News Corp. that the family was withdrawing its earlier request to explore a combination of the two companies. Such a merger would have brought Fox News and the Wall Street Journal under the same corporate roof.

A merger also would have consolidated the power of Lachlan Murdoch, currently chief executive of Fox, as he would have managed the combined company.

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