Who Is Lachlan Murdoch, the Media Prince Who Would Be King
The question of succession has hung over Lachlan Murdoch his entire life. It has finally, definitively been answered.
The family’s empire, built over more than 70 years by his father, Rupert, is his to control for probably decades to come. Thanks to a $3.3 billion deal he reached with his three oldest siblings, Mr. Murdoch will be able to oversee the family’s media business until at least 2050.
The agreement immediately cements Mr. Murdoch, 54, as one of the world’s most powerful men. And it means that his companies — which own Fox News, The New York Post and The Wall Street Journal, among other properties — are likely to maintain their firm conservative tilt. Keeping that ideological bent has been a top priority for his father, who has preferred his elder son as his permanent successor over the three less politically conservative siblings.
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