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☆ Confused about the potential Qualcomm-Intel deal? Here's why it matters even if it doesn't happen.
▼ + stars: | 2024-09-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

In today's big story, why you should care about a potential Intel-Qualcomm deal , even if it might not work. Getting all that varied experience has proved particularly beneficial for TSMC in the age of cutting-edge mobile and AI chips. The US needs Intel to keep (and get better at) manufacturing chips. The problem with that is that this manufacturing business would have almost no customers, and would fall even further behind TSMC. Experts seem incredibly skeptical about a Qualcomm deal going through.

Persons: —, Jamie Dimon, Moneyball, Rupert Murdoch's, Chelsea Jia Feng, I'm, it's, Palantir alums, Jamie Dimon Tom Williams, he's, Goldman Sachs, Chelsea JIa Feng, ChatGPT, Vinod Khosla, Chris Gash, Lachlan Murdoch, Murdoch, Lachlan's, Caroline Ellison, Biden, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Milan Sehmbi, Amanda Yen Organizations: Service, Intel, Qualcomm, Business, Tech, Getty, TSMC, Inc, JPMorgan, Bank of America, Big Tech, Web Services, Employees, Bloomberg Global Business Forum, FAA, OPEC, Oil Locations: Taiwan, China, San Francisco, Nevada, New York, London

☆ Rupert Murdoch's succession plans just got a lot more like 'Succession'
▼ + stars: | 2024-07-25 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewAn intrafamily battle that could have been pulled straight out of the page of Jesse Armstrong's "Succession" has been playing out behind the scenes for the future of Rupert Murdoch's vast media empire. Lachlan, who is sometimes seen as a parallel to Roman Roy, as Business Insider's Madeline Berg reported, would likely preserve the political leanings of the media empire once he takes over. AdvertisementMurdoch's decision to give Lachlan control of his media empire has left the patriarch estranged from his three eldest children, according to the Times. None of the three children attended Murdoch's wedding to Elena Zhukova in June at his California vineyard, according to the Times report. Elisabeth left the media empire years ago in 2000, while Prudence is said to be the least involved in the business.

Persons: —, Jesse Armstrong's, Rupert Murdoch's, Rupert Murdoch, Lachlan Murdoch, Lachlan, — James, Elisabeth, Prudence —, Rupert, Roman Roy, Madeline Berg, James, Prudence, Murdoch, Elena Zhukova, Donald Trump Organizations: Service, Fox, News Corp, Fox News, Street Journal, The New, The New York Post, Business, The New York Times, Times, New Yorker Locations: The New York, Reno , Nevada, Nevada, California

☆ Kyle MacLachlan on His Best Movie & TV Roles: 'Dune,' 'Twin Peaks'
▼ + stars: | 2024-04-18 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

For a veteran muse of David Lynch, old habits die hard. On 'Dune,' then and nowKyle MacLachlan in David Lynch's "Dune." Then of course, because it's David Lynch, he wants to spend some time in his creative universe, and that's really what you got. Our "Dune" is the amalgam of David Lynch and his creativity, and Frank Herbert and his creativity. David Lynch and Kyle MacLachlan at the premiere of "Twin Peaks: The Return" in 2017.

Persons: Jeffrey Beaumont, Dale Cooper, Kyle MacLachlan, David Lynch, MacLachlan, Lynch, Hank MacLean, Lucy, Ella Purnell, isn't, David Lynch's, it's David Lynch, Frank Herbert, Frank, it's, David, Isabella Rosselini, Timothée Chalamet, haven't, Scorsese, Alberto E, Rodriguez, Robert Redford You've, Chris, Oliver Stone's, didn't, Robert Redford, he's, would've, Hank, You've, Kristin Davis, HBO You've, Trey, there'd, Dennis Hopper, Dennis Organizations: De Laurentiis Entertainment, Getty, HBO Locations: Hollywood

☆ Kyle MacLachlan was 'sort of offended' when the internet branded him babygirl — until he learned it was a 'high compliment'
▼ + stars: | 2024-03-15 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +3 min

Read previewKyle MacLachlan was slightly confused when the internet started fangirling over him in a particularly Gen Z way. (The day MacLachlan posted his version using the same caption Lorde used on her photos, the pop star commented, "I am………. The Gen Z slang term, which refers to attractive men, has been in vogue for a few years. It really became popular in 2023 with "Breaking Bad" antihero Walter White to Kendall Roy from "Succession" being dubbed babygirl. Babygirl isn't the only Gen Z slang the actor has been adding to his vocabulary.

Persons: —, Kyle MacLachlan, MacLachlan, Anne Walls Gordon, Lorde, …, Kyle, Gordon, babygirl, antihero Walter White, Kendall Roy, Jacob Elordi, Babygirl, I've, " MacLachlan Organizations: Service, SXSW, Productions, Business

☆ All the best celebrity costumes over Halloween weekend
▼ + stars: | 2023-10-30 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

Scroll down to see some of the best celebrity costumes from Halloween 2023. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesJodie Turner-Smith opted for a bustier and printed dress as a devilish cowgirl. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesKyle MacLachlan's pickleball match appeared to have gone dangerously wrong. Rachpoot/Bauer-Griffin/GC Images/Getty ImagesParis Hilton as Britney Spears' iconic blue flight attendant outfit from the "Toxic" music video. Rachpoot/Bauer-Griffin/GC Images/Getty Images

Persons: Barbie, Greta Gerwig’s, Lister, Megan Fox, Bill ”, Edward Norton, David Beckham, Britney Spears, Austin Butler, Andy Warhol, Kaia Gerber, Edie Sedgwick, Cindy Crawford, Sandy Olsson, Presley Gerber, Raoul Duke, Rande Gerber, Danny Zuko, Matt Winkelmeyer, Halsey, Bauer, Griffin, Jodie Turner, Smith, Shauna Robertson, Michael Kovac, Kelly, Kyle MacLachlan's pickleball, Max, Betty Boop, Michael Loccisano, Justin Bieber, Hailey Bieber, Rachpoot, Kelsea Ballerini, Gilbert Carrasquillo, Lori Harvey, Lara Croft, Paris Hilton, Hilton, Katy Perry, Demi Lovato, Brett, Jason Oppenheim, Sabrina Carpenter Organizations: CNN, Los Angeles, Paris Hilton, Netflix, Victoria, Paris Locations: ’ New York, London, Los, Las Vegas

For Lachlan Murdoch, this moment has been a long time coming. On Thursday, his father Rupert Murdoch announced that in November he'll step down as the head of his two media companies: News Corp. and Fox Corp. Lachlan will become the chair of News Corp. while remaining chief executive and chair at Fox Corp., the parent of Fox News Channel. In Murdoch World, as in the fictional world of the Roy family, seemingly sure things can go sideways in an instant, particularly when unexpected opportunities arise. Lachlan Murdoch has lived that first hand. Lachlan Murdoch has drawn criticism from media watchdogs for what many called Fox News' increasingly conspiratorial and misinformation-promoting broadcasts.

Persons: Lachlan Murdoch, Rupert Murdoch, Lachlan, James, Elisabeth, Rupert, Rupert Murdoch's, ”, Roy, Paddy Manning, Roger Ailes, ” Manning, “, I'm, Murdoch, Manning, Lachlan Murdoch's, James ., Ailes, Fox, Smartmatic, Kathryn Murdoch Organizations: News Corp, Fox Corp, Fox News Channel, Murdoch, Princeton, Fox News, News, British, Voting Systems, AP Locations: London, New York City, Australia, Australian, U.S

☆ Rupert Murdoch's 2023 pay at Fox swells 24% to $22.9 million
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Media mogul Rupert Murdoch leaves his home in London, Britain March 4, 2016. Murdoch wed former supermodel Jerry Hall in a low-key ceremony in central London on Friday, the fourth marriage for the media mogul. REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsCompanies Fox Corp FollowNews Corp FollowSept 22 (Reuters) - Fox Corp's (FOXA.O) former chairman Rupert Murdoch's total compensation for 2023 climbed more than 24% to $22.9 million, a regulatory filing showed on Friday. At Fox, his 2023 compensation includes an annual base salary of $5 million and about $7.6 million in stock awards and options. Lachlan's compensation at Fox stands at $21.8 million for 2023, little changed from last year's $21.7 million.

Persons: Rupert Murdoch, Murdoch, Jerry Hall, Stefan Wermuth, Fox, Rupert Murdoch's, Lachlan Murdoch, Tony Abbott, Peggy Johnson, Deborah Sophia, Pooja Desai Organizations: Companies Fox Corp, News Corp, Fox, Tony Abbott AC, Thomson Locations: London, Britain, Bengaluru

His son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday. The transition solidifies Lachlan's role as the leader of the media empire, putting to rest questions of succession within the Murdoch family. Lachlan was appointed CEO of the new Fox Corp. Murdoch controls News Corp and Fox Corp through a Reno, Nevada-based family trust that holds a roughly a 40% stake in voting shares of each company. The shares in Fox and News Corp owned by Murdoch’s children through the trust are a combination of both classes of shares.

Persons: Rupert Murdoch, Rafael Nadal, Kevin Anderson of, Mike Segar, Lachlan Murdoch, Murdoch, Lachlan, Fox, Brian Wieser, James, Chloe, Grace, Wendi Deng, Jonathan Miller, Sumner Redstone, Ted Turner, John Malone, Miller, Helen Coster, Aditya Soni, Dawn Chmielewski, Krishna Chandra Eluri, Saumyadeb Chakrabarty, Nick Zieminski Organizations: Fox News, Fox Corp, News Corp, Fox, Dominion, Systems, Wall, Walt Disney Co, Lupa Systems, Corp, Thomson Locations: York, U.S, Kevin Anderson of South Africa, Australia, United States, American, Reno , Nevada, London, New York, Bengaluru, Dawn, Los Angeles

Over the years, Murdoch's family has also risen into the spotlight — accompanied by stories of vindictive business tactics and inter-family rivalries. WHO IS LACHLAN MURDOCH? Lachlan has been CEO for Fox Corp. since 2019, following Disney's acquisition of 21st Century Fox. Lachlan rose to executive ranks of the family business, then known collectively as News Corp, in the 1990s and early 2000s. James Murdoch is Lachlan's younger brother, also among the children from their father's second marriage.

Persons: Rupert Murdoch, Lachlan, Murdoch, Australia —, James, Elisabeth, Prudence, ” Murdoch, LACHLAN MURDOCH, Lachlan Murdoch, Anna, —, Fox's, Roger Ailes, JAMES MURDOCH, James Murdoch, James —, ” James, Murdochs, ELISABETH MURDOCH, Elisabeth Murdoch, Murdoch's, PRUDENCE MURDOCH MACLEOD, Prudence Murdoch MacLeod, Patricia, Prudence didn’t, CHLOE MURDOCH, Grace, Chloe Murdoch, Rupert Murdoch’s, Wendi Deng, Chloe, Kathryn Murdoch Organizations: — Media, Monday, Fox News, News Corp, HBO, Fox Corp, Fox, Century Fox, Fox Television, New York, CNN, Illyria Pty, WHO, News . Corp, Street Journal, Harvard University, Rawkus Records, Star India, Sky, British Sky Broadcasting, Sky Networks, Shine, Endemol, Times Newspapers, News UK, Yale University, Stanford University, AP Locations: Adelaide, Australia, U.S

☆ Reactions: Media mogul Rupert Murdoch steps down as chairman of Fox, News Corp
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +5 min

Sept 21 (Reuters) - Media mogul Rupert Murdoch, 92, has stepped down as the chairman of Fox Corp (FOXA.O) and News Corp (NWSA.O), ending a more than seven-decade career in which he created an empire spanning from Australia to the United States. His son, Lachlan Murdoch, will become the chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday. The transition cements Lachlan's role as the leader of the media empire, putting to rest questions of succession within the Murdoch family. His son Lachlan Murdoch is seasoned and capable of running the business, but of course there's no replacement for someone like the chairman, Rupert Murdoch, who founded the company and built it over decades." "The media world is unrecognisable from the one he stepped into seventy years ago and the decision to scrap plans to reunite his empire must have smarted."

Persons: Rupert Murdoch, Lachlan Murdoch, Murdoch, BRIAN WIESER, Lachlan, MICHAEL ASHLEY SCHULMAN, Smartmatic, Rupert Murdoch's, JASON BENOWITZ, I'm, DANNI HEWSON, AJ BELL, he's, Mary Berry, he'll, RILEY, THOMAS HAYES, Wise, MATTHEW TUTTLE, ED MOYA, Aditya Soni, Samrhitha, Mayur, Ananya Mariam Rajesh, Arun Koyyur Organizations: Media, Fox Corp, News Corp, Fox, MADISON, WALL'S, Dominion, HOGAN, TUTTLE, MSNBC, Thomson Locations: Australia, United States, Bengaluru

NEW YORK (AP) — The departure of Rupert Murdoch as the leader of Fox’s parent company and his News Corp. media holdings after decades at the helm is unlikely to have as much of an impact on conservative media overall as it would have a decade ago. “I think if Rupert Murdoch had stepped down in 2000 it would have had a much greater impact," said Howard Polskin, whose website The Righting.com monitors conservative media. "The conservative media landscape is just much more diverse now.”Fox News' website had nearly 74.8 million viewers in July 2023, while the No. Conservative media personalities such as Tucker Carlson, who was ousted by Fox in April, Daily Wire podcaster Ben Shapiro, and talk show host and podcaster Megyn Kelly, also a former Fox host, are increasingly influential as well. While Rupert Murdoch had a complicated relationship with Trump, Fox News' audience largely admires him.

Persons: Rupert Murdoch, Howard Polskin, ”, Tucker Carlson, Ben Shapiro, podcaster Megyn Kelly, Polskin, Donald Trump, Lachlan Murdoch, Nicole Hemmer, Fox, Megan Duncan, Lachlan, “ He’s, Claire Atkinson, Trump, Brooke Lefferts, James, Kathryn Murdoch Organizations: News Corp, ” Fox News, Washington Examiner, Epoch Times, Conservative, Fox, Republican, Trump, Fox Media, Vanderbilt University, Fox News, Virginia Tech, Associated Press, AP

☆ A top lawyer who oversaw the Fox News and Dominion settlement is stepping down with a $23 million exit package
▼ + stars: | 2023-08-12 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Fox's top lawyer is stepping down just a few months after the company's mammoth Dominion settlement. Viet Dinh will receive a $23 million lump sum payment when he exits as chief legal officer later this year. Dinh was a key confidant of the Murdochs and is godfather to Fox Corp CEO Lachlan's son. One of Fox's most prominent lawyers and a key player in the Dominion settlement is stepping down from his influential role at the company, and will take home a $23 million exit package. Dominion sued Fox for $1.6 billion after the group's news channel raised doubts about the Dominion's voting machines following the 2020 presidential elections.

Persons: Viet Dinh, Dinh, Lachlan Murdoch, Murdoch, Dinnh, pitbull, George Bush, Fox Organizations: Fox Corp, Morning, Securities and Exchange Commission, FOX, Century Fox, Fox, Disney, Dominion Locations: Viet, Dominion, Republican

☆ Australian Rules-Tasmania savours victory in 'hard fight' to secure AFL team
▼ + stars: | 2023-05-03 | by ( Ian Ransom | ) www.reuters.com time to read: +4 min

The state government signed off on commitments to secure the AFL's 19th team license and has targeted the 2028 season to launch in the Australian Rules top flight. "This has been a hard fight ... by many, many Tasmanians over a number of generations," state Premier Jeremy Rockliff said in the state capital Hobart. The AFL targeted richer eastern states and continues to spend a fortune propping up expansion teams in territory long owned by rugby league. AFL clubs relying on league distributions balked at the prospect of another drain on the league's coffers. ($1 = 1.5006 Australian dollars)Reporting by Ian Ransom in Melbourne; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

☆ Insiders say Tucker Carlson overplayed his hand at Fox but the 'whole universe' of right-wing media is courting him now
▼ + stars: | 2023-04-25 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +8 min

the Fox insider said. Lachlan Murdoch had defended Carlson time and again, most publicly in April 2021, pushing back against Anti-Defamation League complaints of the anchor's "great replacement theory" comments. Lachlan Murdoch and Rupert Murdoch. A second Fox News insider, who is familiar with conversations happening in Australia, said Lachlan Murdoch was looking long term. The board has also put pressure on the Murdoch family to change things at Fox News.

☆ Lachlan Murdoch drops defamation lawsuit against Australian news website
▼ + stars: | 2023-04-21 | by ( Byron Kaye | ) www.reuters.com time to read: +2 min

SYDNEY, April 21 (Reuters) - Fox Corp (FOXA.O) CEO Lachlan Murdoch dropped a defamation lawsuit against an Australian news site over an opinion piece he said accused him of complicity in the Jan. 6 attack on the U.S. Capitol, saying the defendant was trying to generate publicity. A lawyer for Private Media, Michael Bradley, said Murdoch had discontinued his Federal Court claim without warning and that Murdoch would pay Private Media's costs. "It's complete vindication of their stand on the principle of press freedom," Bradley said in an email, referring to Crikey and its employees. Fox and its top-rated cable channel Fox News on April 18 settled a defamation lawsuit by ballot machine operator Dominion Voting Systems, on what was to be the first day of a trial where Lachlan's father, Fox Corp Chairman Rupert Murdoch, had been expected to testify. In the Australian lawsuit, which was scheduled to go to trial in October, Lachlan Murdoch had accused Private Media and four employees of damaging his reputation in a June 29, 2022, opinion piece that described the Murdochs as "unindicted co-conspirators" in the effort by Trump supporters to overturn his election loss.

☆ Rupert Murdoch reportedly spent a night on a gurney in a hospital parking lot after he broke his back falling on son Lachlan's yacht
▼ + stars: | 2023-04-12 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Rupert Murdoch reportedly broke his back after he fell while aboard his son Lachlan's yacht in 2018. A new report from Vanity Fair detailed previously unreported health scares experienced by the 91-year-old media mogul. The yacht, which was sailing near Guadeloupe, reportedly docked at the nearest island to take Murdoch to the hospital, per Vanity Fair. Sources close to the family said he was in critical condition, and "kept almost dying," according to Vanity Fair. According to the report, Murdoch later tore an Achilles tendon after tripping over a box in March 2019, leaving him wheelchair-bound.

☆ Rupert Murdoch's divorce settlement with Jerry Hall banned her from sharing story ideas with 'Succession' writers, report says
▼ + stars: | 2023-04-12 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Media mogul Rupert Murdoch abruptly divorced his fourth wife, Jerry Hall, last summer. As part of the settlement, he banned Hall from giving story ideas to the "Succession" writing team, according to Vanity Fair. The HBO show was largely inspired by the Murdoch family and turmoil around electing a successor. The report comes amid ongoing turmoil within the Murdoch family in selecting a successor to News Corporation, the multi-billion dollar media company created and led by Murdoch, now 91. The Murdoch family largely served as inspiration for the HBO hit show "Succession."

☆ Fox CEO Lachlan Murdoch to face questioning as part of Dominion Voting's $1.6 billion lawsuit
▼ + stars: | 2022-12-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Lachlan Murdoch, co-chairman and chief executive officer of Fox Corp., attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, July 11, 2019. Fox Corp . CEO Lachlan Murdoch is slated to appear for a deposition on Monday as the Dominion Voting Systems defamation lawsuit against the company and its cable networks moves forward. Dominion's lawsuit against Fox, which is seeking $1.6 billion in damages, has argued Fox News and Fox Business made false claims its voting machines rigged the results of the 2020 election between Donald Trump and Joe Biden. A Fox Corp. spokesman declined to comment on Thursday. Fox has previously asked the court to keep all collected materials private, claiming Dominion mischaracterized what the documents show as actual malice.

☆ Lachlan Murdoch biographer breaks down his relationship with father Rupert Murdoch and why a merger of Fox and News Corp is about 'entrenching Lachlan's control'
▼ + stars: | 2022-11-30 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +10 min

A new unauthorized biography of Lachlan Murdoch explores his business profile and family relationships. Its author, Paddy Manning, speculates about who might exit if Rupert Murdoch's Fox Corp and News Corp recombine. Rupert Murdoch remains executive chairman of News Corp and chairman of Fox. Lachlan Murdoch was named Fox's CEO, and James Murdoch, after four years as CEO of 21st Century Fox, was left to carve his own path. If you're looking longer-term about who's going to run the company beyond the merger, if it happens, [News Corp CEO] Robert Thomson is probably retiring.

☆ Lachlan Murdoch biographer breaks down his relationship with dad Rupert and why his siblings want to change 'destructive' Fox News
▼ + stars: | 2022-11-10 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +9 min

A new unauthorized biography of Lachlan Murdoch explores his business profile and family relationships. Its author, Paddy Manning, speculates about who might exit if Rupert Murdoch's Fox Corp and News Corp recombine. Lachlan Murdoch was named Fox's CEO, and James Murdoch, after four years as CEO of 21st Century Fox, was left to carve his own path. Why did you want to write a book about Lachlan Murdoch? Did you talk to Lachlan Murdoch?

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