Has Rupert Murdoch actually given up on his legacy deal?
7am
00:00
Lachlan and the Murdochs
Murdoch family trust controls both companies by a holding of approximately 40% of the voting shares in each company. The speculation when I wrote the biography of Lachlan was that they would be aligned with James. And so I think the merger was an attempt to entrench Lachlan by making him the unquestioned head of the media empire across both companies. Rupert is the executive co-chairman of news cooperation and that's the last executive role that he has in the empire. So there would be no question about who the successor was to Rupert and that it was Lachlan.
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