Wall Street Opines On Lachlan Murdoch As Rupert’s Successor Faces Business Headwinds, Uncertain Future

Todd Spangler NY Digital Editor MoffettNathanson, a leading Wall Street research outfit covering the media and communications sectors, is once again an independent entity. In December 2021, SVB Financial Group acquired New York-based MoffettNathanson, which was founded in 2013 by analysts Craig Moffett and Michael Nathanson. In March of this year, Silicon Valley Bank — part of SVB Financial Group — collapsed after a run on its assets, leading the parent company to file for Chapter 11 bankruptcy protection.

Succession.Last week (September 21), Murdoch announced he was stepping down as chairman of both companies, with his eldest son Lachlan taking over the role.Speaking to the BBC about Murdoch’s decision to anoint Lachlan over his siblings Elisabeth and James, Cox joked: “I think he’s been watching too much Succession, clearly.”Cox plays Logan Roy in the HBO series, which is inspired by the Murdochs and other media mogul families. In the series, Logan Roy leads media company Waystar Royco, as his children vie to become his successor.“He’s probably the most tenacious human on God’s earth,” Cox said about Murdoch.

Fox News is a very profitable organization, and so are its stars.

A mum and daughter launched a 'disgraceful' attack on a woman on the street in front of 'frightened' neighbours.

Fox, which just announced that Rupert Murdoch is stepping down as chairman, unveiled a few more changes to its board of directors today.

Anna Tingley If you purchase an independently reviewed product or service through a link on our website, Variety may receive an affiliate commission. Michael Wolff’s highly anticipated book about the rise and fall of Fox News and its Murdoch family heirs will be released only a week after Rupert Murdoch announced that he will step down as the chairman of Fox and News Corp.

More news on the Murdoch front as the Fox Corp. proxy filed today shows Rupert with a 24% pay increase in fiscal 2023 to $22.9 million from $18.9 million. It’s his last full year as chairman of the board as succession planning kicks in.

The news that Rupert Murdoch was stepping down as chairman of Fox Corp. and News Corp. quickly triggered talk of his legacy, overshadowing one aspect of his announcement: Whether it comes to politics or to his companies’ media properties, he’s not going away.

Succession fans are making the same joke after Lachlan Murdoch was appointed the new chairman of News Corp and Fox Corporation.As announced on Thursday (September 21) in a note to employees, media mogul Rupert Mordoch said he was stepping down as chairman of both companies, with his eldest son Lachlan set to take over.Rupert Murdoch, who will transition into the role of chairman emeritus for both firms in mid-November, wrote in a note (via the Guardian): “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles.”Murdoch has been married four times and has six children, the majority of which have followed their father’s footsteps in working for the family business.Succession creator Jesse Armstrong previously confirmed the HBO series is partially based on the Murdochs, along with other media mogul families like the Redstones and Mercers. In the series, family patriarch Logan Roy (Brian Cox) leads media company Waystar RoyCo, as his children vie to become his successor.“The amazing thing about this stuff is that it’s everywhere,” Armstrong told The New York Times in 2019.

Daniel D'Addario Chief TV Critic Rupert Murdoch’s announcement that he is retiring from the boards of Fox and of News Corporation had particularly interesting timing for one journalist. “The Fall,” the new book by Michael Wolff, peers inside what we now know are the final days of Murdoch’s consequential tenure at the heart of global news. To be released Sept.

Brian Steinberg Senior TV Editor A major transition at the top of a big company typically spells significant change. Just ask anyone who has worked for CNN while parent company WarnerMedia passed along to AT&T and then the new Warner Bros. Discovery.

Tatiana Siegel At a posh party held at a downtown Manhattan brownstone on Wednesday night, notable journalists like Carl Bernstein and the New York Times’ op-ed columnist Michelle Goldberg converged to toast Michael Wolff’s upcoming book, “The Fall: The End of Fox News and the Murdoch Dynasty.” The timing couldn’t have been more apt given that the author foretold what would happen hours later with Rupert Murdoch’s surprise announcement that he was stepping down from the head of Fox Corp. and News Corp. “It is unsustainable,” Wolff said of the Murdoch era that relied on the Donald Trump ratings juggernaut.

Rupert Murdoch, the 92-year-old Australian media magnate whose creation of Fox News made him a force in American politics, is stepping down as leader of both Fox’s parent company and his News Corp. media holdings.

Daniel D'Addario Chief TV Critic Rupert Murdoch’s retirement from the boards of Fox and News Corporation is the event we’ve been waiting for. The most critically-acclaimed television series of the modern era, “Succession,” imagined a Murdoch figure struggling with the decision to let go of the reins.

Media tycoon Rupert Murdoch is step down as chairman of his Fox and News Corp businesses, the firms said in a statement.

Rupert Murdoch, whose sheer force of will allowed him to build a media empire that influenced the course of national politics in the U.S., U.K. and Australia, will step down as the titular head of the companies he controls, Fox Corp. and News Corp.– a move that could raise new questions about the fates of both assets.

Rupert Murdoch is stepping down.

Piers Morgan has taken aim at the UK television’s strict impartiality rules, saying that they are outdated and fallible to challenge from influential people with agendas.

has been using her popular TikTok account to dish about her failed first marriage and the accuracy of Martin Scorsese’s Hollywood film.Some onscreen story elements were embellished for dramatic effect, of course, but one is remarkably spot-on.In a recent post that’s so far been liked more than 5,700 times, the therapist and marriage counselor confirmed that an odd detail of the Leonardo DiCaprio drama is totally true — Macaluso really drinks her red wine through a straw.During a scene in the Oscar-nominated film, DiCaprio, as Belfort, and Robbie are sitting at a table in a restaurant when she calls to the waiter and asks, “Can I get a straw please?”“I don’t want to ruin my veneers and it works,” Macaluso, 55, says in the TikTok video. “It keeps them white.”In a previous post, Macaluso, who shares two children with her ex-husband, admitted to being terrified in the early 2010s that the trauma of her relationship was being put up on the big screen.

Outlander's executive producer Maril Davis has opened up on the fate of Lauren Lyle and César Domboy's characters.