On Thursday, 92-year-old Rupert Murdoch announced that he would step down from his position as chairman of News Corp. and the Fox Corporation and hand the reins over to his oldest son, Lachlan.

And his influence is undoubtedly felt in America, where his right-leaning Fox News remains the dominant cable channel.

On Thursday, his father Rupert Murdoch announced that in November he'll step down as the head of his two media companies: News Corp. and Fox Corp. Lachlan will become the chair of News Corp. while ...

Billionaire media mogul Rupert Murdoch and his family will head to court in Nevada. The Fox News and Wall Street Journal owner reportedly seeks to rewrite an irrevocable trust to benefit his eldest ...

Hedge fund Starboard Value has filed a shareholder resolution to do away with the dual-class shares that allow Rupert Murdoch ...

Fox CEO Lachlan Murdoch noted reinvigorated ratings and share growth at Fox News last quarter and said the company is looking at major momentum at the cable news network and at Fox TV stations ...

Murdoch ,92, will transition to the role of 'chairman emeritus' after the company's next annual meeting in November, Fox said Thursday, with his son Lachlan becoming sole chairman of News Corp. as ...

Lachlan Murdoch told investors that Fox News was planning “no change to ... his sons Lachlan and James in wake of Liberty Media head John C Malone's decision to increase its stake in voting ...

Since Murdoch seems to believe that Lachlan's sole control of Fox News is best for the brand's economic value, the commissioner ruled those conditions were being met. But the other three Murdoch ...

Media scion and Fox Corp. CEO Lachlan Murdoch told analysts on Tuesday that it would be programming as usual in the wake of host Tucker Carlson's abrupt firing from the network. Murdoch ...

Fox quarterly net income of $320 million fell from $369 million the year earlier, including a change in the fair value of company investments, it said. EPS was 68 cents a share from 74 cents ...

What Rupert Murdoch’s succession means for the future of right-wing media Over seven decades, Rupert Murdoch assembled a global media empire that includes Fox News, The Wall Street Journal and ...