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The Murdoch Succession Moment Arrives

New reporting on Lachlan’s ascension, Rupert’s merger rationale and ‘Journal’-Fox rollup fears.

Lachlan Murdoch
Lachlan Murdoch, son of Rupert. hoto: Stephanie Keith/Getty Images
Dylan Byers
October 20, 2022

Last Friday night, after the close of after-hours trading, Rupert Murdoch’s Wall Street Journal broke some landmark news about their owner’s plans for his media empire, estate planning, and legacy. The 91-year-old mogul had proposed recombining his two publicly traded companies, Fox Corp. and News Corp., in a move that would unite the Journal, Murdoch’s myriad U.K. and Australia news organizations and HarperCollins back under the same roof as Fox News, the Fox broadcast network, a slate of local TV stations, sports rights, and the Tubi streaming service.