Rupert Murdoch, one of the most powerful media tycoons of the modern era, is stepping down as chairman of Fox Corporation and News Corporation at the age of 92 and handing the reins to his 52-year-old son. The takeover planning appeared to begin in 2015, when Rupert named Lachlan and his brother James Murdoch as co-chairmen of 21st Century Fox. James later left the company, and Lachlan became CEO of the Fox Corporation in 2019, following Disney’s acquisition of 21st Century Fox. With his father’s departure, Lachlan will become the sole chairman of both Fox and News, after having co-chaired the company for years. It’s unclear whether right-wing cable network’s pro-Trump rhetoric will change with Lachlan Murdoch more fully in the driver’s seat.

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Persons: Murdoch, Rupert Murdoch’s, Lachlan, Rupert Murdoch, Rupert, James Murdoch, James, ” Lachlan Murdoch, Lachlan Murdoch, Trump, Tucker Carlson, Sean Hannity, Laura Ingraham, Paddy Manning, Sarah, Anna Torv, Elisabeth Organizations: New, New York CNN, Fox Corporation, News Corporation, Century Fox, Fox, Trump, CNN, Capitol, Princeton Locations: New York, Australian, Sydney, Lachlan, London, United States, Australia