Lachlan Murdoch is set to take over his father Rupert’s media empire, sparking speculation of significant changes and a shift to more extreme right-wing ideology at Fox Corp and News Corp.
Rupert, aged 92, recently announced his decision to step down as chairman of both Fox Corp and News Corp, with this change set to take effect in November. Lachlan, aged 52, will become CEO, while Rupert assumes the title of “chairman emeritus.”
The transition has led many to ponder what the future holds for the Murdoch dynasty. There are concerns that under Lachlan’s leadership, Fox News may embrace more far-right views, with the possibility of former US President Donald Trump making a return.
While some insiders, including those close to Trump, predict minor changes, others raise the prospect of more significant shifts under Lachlan’s influence. Notably, Lachlan’s political stance is considered less traditional than his father’s, but he has previously supported Fox News, even during the network’s fervent backing of Trump in the 2016 election.
Lachlan’s differing approach from his brother, James Murdoch, is evident in their responses to Fox News’ coverage of Trump. While James, who leans towards more Liberal ideology, expressed dissatisfaction, Lachlan appeared more aligned with the network’s stance, advocating for its continuity.
When it comes to net worth, the Murdoch family has a combined net worth of $17.4 billion, according to Forbes.
Lachlan’s ascent coincides with a high-profile $1.6 billion lawsuit filed against Fox News by Dominion Voting Systems, which became embroiled in election fraud conspiracies following the 2020 presidential election. The lawsuit was settled in 2023, revealing doubts among some staff members and on-air personalities about Trump’s claims of election theft, despite continued reporting of those claims as factual.
Though Trump was historically a proponent of Fox News, he distanced himself from the network after its accurate call of the 2020 election for Joe Biden. Some sources speculate on a potential Trump-Fox News reunion, though it remains uncertain. Another source highlighted Lachlan’s prior challenges in dealing with Trump’s actions and the potential for future alignment.
Even with Rupert’s retirement, some believe he will continue to exert influence, despite Lachlan’s public leadership role. It is suggested that Rupert will still guide the ship, emphasizing his lasting impact.
Many recognize that Lachlan shares some of his father’s traits. He is considered more conservative than Rupert and is seen as someone who relishes leadership, potentially steering Fox News in a more conservative direction.
However, another source within Trump’s camp anticipates few significant changes while Rupert remains involved. They suggest that significant alterations might only come to pass when Rupert’s role is entirely handed over to Lachlan.
