A tale of three Murdochs

Lachlan, Rupert and James Murdoch

The words on my Twitter timeline were: “Rupert Murdoch is stepping down.” You click on that one.

More fool me.

This much is true: Rupert Murdoch will from 1 July 2015 cease to be chief executive of 21st Century Fox and is handing that responsibility to his son James. He is also making his other son, Lachlan, executive co-chairman. Lachlan is currently co-chairman.

Murdoch-watchers enjoy analysing these subtle shifts in power and family dynamics. But let’s be clear here, Mr Murdoch Sr remains chairman of both 21st Century Fox and the sister company, News Corporation. He is not heading off to the golf course.

Take the recent announcement of the renewal of the contract of Fox News chairman, Roger Ailes. Mr Ailes will, we are told, report to James, Lachlan and Rupert.

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