Rupert’s reign comes to an end.
MURDOCH STEPS DOWN
Ever since I first started as a journalist, one name has been synonymous with media: Rupert Murdoch.
‘The man that controls the media’, as they have always said.
Today, it has been announced that the infamous Rupert Murdoch has stepped down as the Chairman of Fox Corp and News Corp, ending a more than seven-decade career in which he created a media empire spanning from Australia, to Europe and the United States.
His son, Lachlan Murdoch, will become the sole Chairman of News Corp and continue as the Chair and CEO of Fox, the companies said this afternoon. The transition solidifies Lachlan’s role as the leader of the media empire, putting to rest questions of succession within the Murdoch family.
Lachlan takes over the Murdoch empire as the media industry is battered by challenges ranging from the decline in traditional television viewership, to the rise of social media, and of course, independent news.
Earlier this year Murdoch, now 92, scrapped a plan that would have reunited his media empire by merging Fox and News Corp, after several top shareholders rejected the proposal on the grounds.
Rupert, who has near-controlling stakes in both companies, will be appointed Chairman Emeritus of both companies, and will no doubt advise from the wings in his old age.
Sitting back as his family carry on the same ‘great game’, no doubt.
Murdoch, who has six children, has long desired his children to eventually take the reins of the empire.
His son James had been CEO of Twenty-First Century Fox before the company’s decision to sell its film and television assets to Walt Disney Co. for $71.3 billion, a deal that closed in 2019.
But in the end, Lachlan will be the one to take the reigns.
Lachlan, 52, moved his family back to Sydney in March 2021. The young Murdoch cut his teeth here, running Queensland Newspapers and then the Australian newspaper in his 20s.
We shall see what plans he has for the future of the organisations.
It truly is the ‘end of an era’, as they say.
An era in which Murdoch’s empire represented one of the largest media monopolies the world has ever seen, and one in which the power of this reach spanned to influencing elections, programming the masses towards entertainment-style news, festering societal division, and much more.
MASS MEDIA CONTROL
Murdoch controls a media empire that includes cable channel Fox News, The Times of London and The Wall Street Journal. Beside Fairfax, it is the largest media group in Australia.
News Corp is the country’s biggest newspaper owner when taking into account the amount of mastheads it owns and how many people read them, putting it amongst the world’s top media perception shapers.
Its titles include national broadsheet The Australian and Sydney’s The Daily Telegraph, Melbourne’s Herald Sun, Brisbane’s The Courier Mail and Adelaide’s The Advertiser.
But it isn’t just the large capital cities where News Corp has a big audience – it has a newspaper in nearly every state and territory, owning the major newspaper in the Northern Territory, The NT News, and Tasmania’s Mercury, as well as a large number of online suburban and regional titles.
For example, it runs Australia’s second-biggest digital website, news.com.au.
News Corp is also the controlling shareholder of pay TV company Foxtel, and it owns 24-hour channel Sky News in Australia, which fronts as an ‘alternative’ voice.
Sky’s coverage appears on free-to-air regional channel WIN. And Nova Entertainment, the radio network that broadcasts Nova FM and Smooth FM across Australia, is a privately company run by Lachlan.
The reach of Rupert’s empire is vast and wields great influence, including the manipulation of elections going back decades (and has been well-recorded during that time).
Let’s not forget that Malcolm Turnbull was ousted as Prime Minister just 11 days after Murdoch made a return to Australia in 2018, pathing the way for good old ScoMo to take over.
In retrospect, given that the COVID-19 ‘pandemic’ would emerge just a few years later, perhaps this was a moment with much more meaning than even appeared on the surface back then.
Will we see the same old ‘tricks’ rub off with his son Lauchlan?
If I were a betting man, I would definitely say so.
One last interesting note, while we are on the theme of ‘handing down the family business’, this announcement is the third major family dynasty to do so in the last 12 months.
Just last month, George Soros announced that we will hand over his $38 billion empire to his son Alex, who looks to steer philanthropic influence into the political and social arenas even more in the future.
In similar fashion, it was announced that the English/French branch of the Rothschild dynasty would also be getting new heirs to the thrown, following the death of Evelyn de Rothschild.
It certainly is a new era for the world and humanity, folks.
Huge changes in just a matter of months regarding the world’s ruling structure.
Will it be ‘business as usual’, or could this transition present an opportunity to finally rid ourselves of these elitist parasites, with the ‘young blood’ slipping with a lack of experience?
The world will await to see the next-generation of the New World Order.
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