Is Lachlan Murdoch Out Of The News Corp Succession Picture?

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

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