The Latest Breaking News from Fox Corp

Lachlan Murdoch was groomed as father Rupert’s successor from childhood, writes Bevan Hurley

Media magnate Rupert Murdoch is 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

Joe Biden was inaugurated as the 46th president of the United States of America on Jan. 20, 2021.

Rupert Murdoch, 92, one of the world’s most influential modern media figures, announced on Sept. 21, 2023, that he is stepping down as chair of Fox Corp. and executive chairman of News Corp. By mid-November, he will no longer be at the helm of the multibillion-dollar media empire that has…

Lachlan Murdoch is taking over as sole chairman after Rupert Murdoch confirmed he’s stepping down from his media empire

Rupert Murdoch is stepping down as chair of his media empire, which includes Fox News, The Wall Street Journal and The New York Post. He is handing the reins to his son Lachlan.

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.”

His son, Lachlan Murdoch, will become sole chair of News Corp. and continue as executive chair and CEO of Fox Corp.

New York City’s pension funds and the state of Oregon are suing Fox Corporation over Fox News' 2020 election coverage

For investors willing to put aside partisan politics, Fox Corp could be an interesting contrarian opportunity. Certainly, FOXA stock would be worth putting on your watch list.

News Corp’s head honcho is one of the canniest — and luckiest — media moguls in the world, taking his father’s lead and bettering it.