In pictures: All you need to know about Lachlan Murdoch

Rupert Murdoch's retirement signifies the conclusion of an era in the media sector

Last updated: September 22, 2023 | 14:02

Compiled by Nivetha Dayanand, Web Editor, with inputs from Reuters

2 MIN READ

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Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp and will continue as the chair and CEO of Fox Corp, settling for now the issue of succession in one of the world's most powerful media empires.

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Lachlan Murdoch will oversee influential news brands like Wall Street Journal, Fox News, and The Sun across the US, UK, and Australia, as well as Fox Sports and Fox Entertainment.

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He is the third-oldest of Rupert Murdoch's six children and grew up immersed in the media business.

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Lachlan graduated from Princeton in 1994 and entered the family business, eventually becoming chairman of News Limited.

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He assumed responsibility for US print operations in 1999 but resigned abruptly in 2005, leading to uncertainty about the Murdoch media empire's future leadership.

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Lachlan returned to the family business in 2015 as co-chairman of 21st Century Fox with his brother James.

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The sale of Fox's entertainment assets to Disney in 2019 reduced the Murdochs' media holdings, with Lachlan leading the newly constituted Fox Corp.

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As CEO of Fox Corp since 2019, Lachlan Murdoch navigated industry changes, including the rise of streaming services, while maintaining Fox News's dominance among conservative viewers.

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His political views remain private, and Fox settled a lawsuit related to false election claims for $787.5 million.

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Lachlan is enthusiastic about Tubi, an ad-supported streaming service acquired for $440 million in 2020, now valued at $3 billion.

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