How Will Murdoch Succession Impact Fox News, Wall Street Journal And More?
The post How Will Murdoch Succession Impact Fox News, Wall Street Journal And More? appeared on BitcoinEthereumNews.com. Rupert Murdoch and his son Lachlan Murdoch (left) attend the quarterfinal match at the 2018 tennis U.S. Open. The younger Murdoch has secured control of the family empire in a succession deal reached this week. GC Images Now that the Murdoch succession drama has successfully played out, with patriarch Rupert Murdoch finally getting what he wanted (son Lachlan taking over), the next big question is how will the son’s ascension impact the conservative empire his dad has built. The answer is probably not in any obvious way, at least not at first. While changes may come down the road, experts think Lachlan will likely stay the course in terms of business interests and the political bent. That, after all, is one of the reasons Rupert wanted this son to succeed him so badly. His three other eldest children have more liberal outlooks, and the patriarch has worked hard to create a media empire whose holdings include several of the best-known right-leaning outlets in the world—Fox News Channel, The Wall Street Journal and The New York Post. He likely won’t get any pushback from the board, which is largely there to ensure things keep running smoothly. The company is valued at $3.3 billion, so there’s quite a lot to protect. “One of the board’s principal responsibilities is deciding who runs the company. Typically, the board would play a key role in ascension,” says James “Jim” Drury III, founder, chairman and CEO at JamesDruryPartners, a board-focused management consulting firm. “The move shores up any lingering questions of business continuity and control.” Murdoch Succession Raises Questions About Media Empire’s Future Murdoch has been quoted as telling his family that his media properties are the “protector of the conservative voice in the English-speaking world.” So it’s little wonder he has been fighting a court…
The post How Will Murdoch Succession Impact Fox News, Wall Street Journal And More? appeared on BitcoinEthereumNews.com.
Rupert Murdoch and his son Lachlan Murdoch (left) attend the quarterfinal match at the 2018 tennis U.S. Open. The younger Murdoch has secured control of the family empire in a succession deal reached this week. GC Images Now that the Murdoch succession drama has successfully played out, with patriarch Rupert Murdoch finally getting what he wanted (son Lachlan taking over), the next big question is how will the son’s ascension impact the conservative empire his dad has built. The answer is probably not in any obvious way, at least not at first. While changes may come down the road, experts think Lachlan will likely stay the course in terms of business interests and the political bent. That, after all, is one of the reasons Rupert wanted this son to succeed him so badly. His three other eldest children have more liberal outlooks, and the patriarch has worked hard to create a media empire whose holdings include several of the best-known right-leaning outlets in the world—Fox News Channel, The Wall Street Journal and The New York Post. He likely won’t get any pushback from the board, which is largely there to ensure things keep running smoothly. The company is valued at $3.3 billion, so there’s quite a lot to protect. “One of the board’s principal responsibilities is deciding who runs the company. Typically, the board would play a key role in ascension,” says James “Jim” Drury III, founder, chairman and CEO at JamesDruryPartners, a board-focused management consulting firm. “The move shores up any lingering questions of business continuity and control.” Murdoch Succession Raises Questions About Media Empire’s Future Murdoch has been quoted as telling his family that his media properties are the “protector of the conservative voice in the English-speaking world.” So it’s little wonder he has been fighting a court…
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