Why is Rupert Murdoch leaving his empire now?

... The clearest indicator that Murdoch has been thinking of moving on was a plan, floated last fall, to combine his two companies, which many observers thought was a step to give Lachlan increased control. That deal was scuttled in January after investors — and James Murdoch — complained. In 2019, Murdoch took many of his chips off the table by selling his Hollywood film studio and other assets to Disney for $71 billion.

Murdoch’s future and the future of his empire once he leaves have been the object of media speculation for years, and not just on prestige TV. This week, for example, author Michael Wolff published The Fall: The End of Fox News and the Murdoch Dynasty, which covers infighting within the Murdoch empire and begins with a mock obituary for Murdoch....

https://www.vox.com/technology/2023/9/21/23884119/rupert-murdoch-fox-news-lachlan-james-succession
#murdoch #foxnews