Rupert Murdoch's departure from Fox, News Corp. will be 'smooth transition'

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Media mogul Rupert Murdoch will be stepping down as chairman from both Fox Corp. (FOX, FOXA) and News Corp. (NWS, NWSA) in November. Transitioning into an honorary role as chairman emeritus, what new directions could Murdoch's long-standing media empire take without him at the helm? Huber Research Partners Managing Director Douglas Arthur joins Yahoo Finance Live to discuss Fox's business outlook and the passing of the torch to Lachlan Murdoch as sole chairman of both companies. 'Lachlan has run it in a very focused fashion — they've been conservative, they have a ton of cash, they've done minimal acquisitions,' Arthur says. 'He has not gone down the [direct-to-cable] subscriber route, which is extremely expensive.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.As "America's Got Talent" moves toward the finale, things get a little intense between the judges.It is not just in Ukraine that Vladimir Putin’s dream of restoring Russia’s imperial greatness is collapsing before his eyes.

The violence this week in the disputed territory of Nagorno-Karabakh in the Caucasus provides yet further proof of Moscow’s inability to provide even a modicum of influence over a region that once formed a key part of the Soviet Union.Polish prime minister, Matesuz Morawiecki, has declared that his country is “no longer transferring weapons to Ukraine”. Instead, it will be focusing on “arming Poland with more modern weapons”.

 

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Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.NEW YORK (AP) — Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings. Fox said in an announcement on Thursday that Murdoch would become chairman emeritus of both companies. His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp. Lachlan Murdoch said that “we are grateful that he will serve as chairman emeritus and know he will continue to provide
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.NEW YORK (AP) — Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings.
Source: SooToday - 🏆 8. / 85 Read more »

Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings.
Source: CP24 - 🏆 30. / 67 Read more »

Rupert Murdoch gives up chairman title at Fox Corp., News Corp.Rupert Murdoch is stepping down as chairman from both Fox Corp. (FOX, FOXA) and News Corp. (NWS, NWSA), effective in November. He will become chairman emeritus at both companies. Murdoch's son Lachlan will become the sole chair of both boards. Vanity Fair special correspondent Brian Stelter, who is working on a book about Fox, the Murdochs, and former President Trump, says the move confirms 'the succession plan that had appeared to be in the works for many years.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »