Looks that way based on his response to a question put to him in Australia about his possible interest in returning to the executive suites of News Corp — soon to be split into separate companies for the publishing and entertainment assets. “No, no. I’ve moved on from that,” Murdoch, 41, is quoted as telling the Australian Financial Review. He’ll still have a hand in company affairs. Rupert Murdoch’s son will sit on the boards of the new News Corp. (the publishing company) and 21st Century Fox (the entertainment one). If anything, the change could increase his power in Australia. The new News Corp will be loaded with local newspaper and pay TV assets — and Lachlan is still Non-Executive Chairman of TV broadcaster Ten Network Holdings, and controls FM radio company DMG Radio Australia. Following the split, “It will be the first time in decades an Australian media baron has played such a dominant role in the Australian media,” commentator Glenn Dyer says at the country’s independent news site Crikey.com.
Is Lachlan Murdoch Out Of The News Corp Succession Picture?
What's Hot on Deadline
Latest Business News
- Carl Icahn Steps Down As Donald Trump Adviser On Regulatory Reform
- Roman Polanski Denied Dismissal Of 1977 Rape Case; Vital Testimony Stays Sealed
- Stuart Thompson Dies: ‘Proof’, ‘On Golden Pond’ Broadway Producer Was 62
- Univision Chief: CEOs Must Denounce Racism And The “Current Insanity”
- Another Presidential Council, This One Focused On The Arts, Quits On Donald Trump
- Will MoviePass Give Theaters A Jolt Of Innovation, Or Is It Doomed To Fail?