Lachlan Murdoch, incoming chairman of Fox and News Corp, is explored in this podcast. It delves into his upbringing, early involvement in the media industry, successes in Australia, challenges faced, defamation cases, settlement, and the succession process.
Lachlan Murdoch's return to the Murdoch family business was prompted by the phone hacking scandal at News of the World, where he played a significant role in supporting his father during a challenging time for the company.
As Lachlan Murdoch takes over control of Fox Corporation, he faces potential challenges from his siblings who do not share his political views or business priorities, creating tension and uncertainty for his leadership of the Murdoch empire.
Deep dives
Lachlan Murdoch's early years and upbringing in the media business
Lachlan Murdoch, son of media mogul Rupert Murdoch, grew up in a media-saturated environment. From a young age, he was exposed to the workings of the media empire, reading newspapers and discussing headlines with his father. Lachlan attended exclusive schools and worked in various family businesses, gaining experience in the London newspapers, San Antonio Express News, and Sydney Daily Mirror. He studied philosophy at Princeton University and developed an interest in moral questions. Despite keeping a low profile, he became known as an eligible bachelor in Australia, having a successful stint running the Queensland newspaper business. However, when he returned to the United States, he faced challenges in dealing with executives who doubted his abilities, and a conflict with Fox News boss Roger Ailes led to his resignation and a return to Australia.
Lachlan's journey back to the Murdoch family business
Lachlan's return to the Murdoch family business was prompted by the phone hacking scandal at News of the World. He flew to London to support his father, Rupert, during a challenging time for the company. Rupert began heavily recruiting Lachlan to come back into the fold, offering him a significant role. After some resistance, Lachlan accepted the proposition and returned to the United States as the deputy chief operating officer at News Corp, overseeing US television and print media. He later united with his brother, James, against Roger Ailes and forced his resignation from Fox News. Lachlan's position as the eldest son and, with James's departure from the company, put him in a prime position for leadership.
Lachlan's current challenges and potential future struggles
Lachlan Murdoch finds himself at the helm of Fox Corporation, facing significant challenges within the company. The decision by Fox News to broadcast false claims of electoral fraud after the 2020 US election led to a significant loss of viewership. Fox settled a defamation case brought by Dominion for $787.5 million, and another case by Smartmatic is still pending. As Rupert Murdoch gradually hands over control to Lachlan, potential future challenges loom. Lachlan's siblings, Prudence, Elizabeth, and James, who do not share the same political views or business priorities, will share control of the company when Rupert passes away. James has expressed a desire to take the company away from Lachlan, creating a potential source of tension and uncertainty for Lachlan's leadership of the Murdoch empire.
Lachlan Murdoch will become the boss of one of the world's most powerful media empires. His father, Rupert, has said his eldest son will succeed him as chairman of Fox and News Corp. Lachlan's appointment ends years of speculation over which one of the siblings will take control of the businesses their father built.
At one point Lachlan's younger brother James was favourite for the top job but it didn't go his way. So, who is Lachlan Murdoch, how did he win his father's approval and what impact will he make? Timandra Harkness pieces together what we know about him through interviews he's given and by speaking to people who've worked for and observed the Murdochs.
Guest:
Paddy Manning, Author, The Successor: The High-Stakes Life of Lachlan Murdoch.
Michael Wolff, Author, The Fall: The End of the Murdoch Empire.
Sarah Ellison, Washington Journal National Enterprise Reporter, Author, War at the Wall Street Journal.
Kelvin MacKenzie, Former Editor, The Sun.
Claire Enders, Founder, Enders Analysis.
Credits: ABC Dynasties
Presenter: Timandra Harkness
Producer: Nick Holland
Researcher: Diane Richardson
Editor: Richard Vadon
Sound: James Beard
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