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Home»Celebrity»Who Is Lachlan Murdoch? How Did He Become the New Head of FOX?
Celebrity

Who Is Lachlan Murdoch? How Did He Become the New Head of FOX?

While it was speculated for years, Lachlan Murdoch is set to take on the legacy created by Rupert Murdoch as he will be the new head of FOX.
Vivek KumarBy Vivek KumarSeptember 22, 2023Updated:November 5, 2023No Comments4 Mins Read38 Views
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Who Is Lachlan Murdoch? How Did He Become the New Head of FOX?
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Passing on the legacy within a blood relationship is not a new deal in the corporate world. While a person builds an empire of their own, they often pass it to their biological heir.

The same happened with Fox Corp and News Corp, as Rupert Murdoch decided to retire and pass on the legacy to his eldest son, Lachlan Murdoch.

Taking on the fatherโ€™s vast media empire might be a difficult task for the new head, but his ascension was guaranteed over the past few years.

Following Rupert Murdochโ€™s exit from the leadership of his media empire, his son Lachlan Murdoch has become the new head of FOX. The decision to become the new boss came after considering his control over several Fox TV franchises in the US and the New York Post.

Who Is Lachlan Murdoch?

THIS LACHLAN MURDOCH'S ACTUAL BOOK ๐Ÿ˜ญ BRO THINKS HE'S THE ELDEST BOY pic.twitter.com/VDrmH3ioNc

— (: โœจ fear โœจ ๐Ÿ™‚ (@BetterCallFear) September 21, 2023

The 52-year-old British-American businessman is one of three children Rupert Murdoch had with his second wife, Anna Maria dePeyster, who was from the same field, a Scottish journalist and novelist. The London-born boy completed his early education at prestigious American schools and graduated from Princeton University in 1994.

Rupert Murdoch to retire from News Corporation and Fox boards after a stellar 70 year career. 92 year old media magnate will become "chairman emeritus" handing over empire to son Lachlan. Incredible career after inheriting the Adelaide News in the early 1950s @abcnews pic.twitter.com/yuZjBp6zFQ

— Peter Ryan OAM (@Peter_F_Ryan) September 21, 2023

Lachlan entered the family business and later spent three years in Australia, ascending the corporate ladder to become chairman of News Ltd. In 1999, he rose to deputy chief operating officer at News Corp, overseeing the U.S. television stations group and publishing assets, including the New York Post. Following his growth, he was seen as his fatherโ€™s successor.

End of an Era: Rupert Murdoch Steps Down as Chairman of Fox and News Corp โ€” Whatโ€™s Next?

In a groundbreaking announcement, media mogul Rupert Murdoch has decided to step down as the chairman of both Fox Corporation and News Corp, passing the baton to his son Lachlan Murdoch.โ€ฆ pic.twitter.com/wCPGEwRUWG

— foryoupage (@foryoupageau) September 22, 2023

Right after his impressive career, he shockingly resigned in 2005, which created a lot of questions as to who would succeed Rupert Murdoch at the helm of the media empire that he had assembled from a single newspaper in Australia.

On the other hand, Lachlan founded Illyria Pty, an Australian private investment firm that poured money into a range of media and marketing companies, whose acquisitions included a network of Australian radio stations.

When Did Lachlan Murdoch Return?

Rupert Murdoch says he is stepping down as chairman of Fox and News Corp at the age of 92.

He's handing over to his eldest son Lachlan. But could there ultimately be a battle for control of the media empire? https://t.co/NhZqETEeod pic.twitter.com/Cu5XbvPGOS

— BBC World Service (@bbcworldservice) September 22, 2023

The investment firm was not a successful venture which made him return to the family business as his previous company took a huge loss on an Australian TV network. In 2014, Lachlan returned to a crisis point in the wake of the phone hacking scandal and his father’s divorce from Wendi Deng.

Lachlan Murdoch taking over Fox Corp. https://t.co/NVQBguYoiw

— Matt Margolis (@ItsMattsLaw) September 21, 2023

Lachlan Murdoch shared the title of co-chairman of 21st Century Fox with his brother, James. However, with the sale of Foxโ€™s entertainment assets to Walt Disney in 2019, in a whooping $71-billion transaction.

However, brother James Murdoch left Fox with the close of the Disney transaction. Lachlan became the chief executive of Fox Corp in 2019 and has presided over the media properties during the seismic change in the industry.

How Did Lachlan Murdoch Became The New Head Of FOX?

Wow. After 38 years at the helm, 92-year-old Rupert Murdoch is stepping down as head of Fox and News Corp. His son Lachlan will take over. pic.twitter.com/9FWX7qr3Ls

— Deborah Roberts (@DebRobertsABC) September 21, 2023

It was not something that came as a surprise. After being speculated for many years, the eldest son, Lachlan, brought an end to years of speculation over his desired plan for succession. The 52-year-old Businessman made his way after proving his worth in the industry. Being the โ€œprodigal son,โ€ he has shown himself to be a loyal fighter.

https://twitter.com/CoolAqua1/status/1182141793179185152

When it comes to following in his 92-year-old Australian billionaire fatherโ€™s controversial footsteps, Lachlan is also the most politically similar.

During the COVID-19 pandemic, his decision-making at Fox News helped push the network toward anti-vaccine information, and election fraud conspiracies also created some rift between him and then president of the USA, Donald Trump.

โ€œ[Trump] could easily destroy us if we play it wrong.โ€ – Tucker Carlson

โ€œWe are entering a truly bizarre phase of this where [Trump] has actually convinced himself of this farceโ€ – Lachlan Murdoch

Did Fox lie about 'stolen elections' to not disappoint Trump's audience? pic.twitter.com/I4DA4uCGIl

— Mario Nawfal (@MarioNawfal) March 6, 2023

With Rupert Murdochโ€™s decision to hand the keys of his media empire to the prodigal son, it would be interesting to see how Lachlan Murdoch shapes the legacy.

Let us know in the comments about his ideology and his way of handling the company moving forward.

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Vivek Kumar - Author at Averagebeing.com
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Vivek Kumar, a seasoned entertainment writer boasting a commendable 3-year track record, seamlessly blends his passion for pop culture into his work. From the moment Iron Man valiantly dispatched a nuke into the cosmic abyss, Vivek's bloodstream has pulsed with an array of Marvel Cinematic Universe theories. Beyond his penchant for caped crusaders, With his love for the superhero fandom, he is a big-time foodie and a photographer balancing the motion sickness of life. While his love for Hollywood has existed since childhood, he loves talking about the cinematography styles of G.O.A.T filmmakers, as he aspires to get into filmmaking. During his time with a reputed media brand, he interviewed various actors and celebrities as well. In the future, he aspires to interview big-wigs like Tom Cruise, Robert Downey Jr, and Will Smith. When not writing, Vivek enjoys playing cricket, exploring new cuisines, taking photographs, and traveling.

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