Why is Rupert Murdoch stepping aside now and what does it mean for the company?

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This is a decision that was always going to come in one of two forms: either Rupert dropping off the perch or him leaving on this own terms. He has opted for the latter.

At age 92, media mogul Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp but will stay on in the role of chairman emeritus, presumably to help guide his eldest son Lachlan as the new head of the firm.

Rupert says he is in robust health but he was keen to hang on as long as possible. So, perhaps today’s news suggests his health is declining. We can only speculate but the man is, after all, 92. This is the price the company pays for its take-no-prisoners approach. It is proud of its uncompromising editorial stance, which is designed to pander to its right-wing audience. And there is no indication Lachlan will take it in a different direction.

So I think we can expect News Corp will continue to be the zealous right-wing media company it currently is. There is a sense of confusion within Fox about whom to back and where to stand, which reflects the chaos in US politics more broadly.

 

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