Australia Media Tycoon Age 92 Rupert Murdoch with $17 Billion Fortune Steps Down from $14.7 Billion Fox Corp & $11.3 Billion News Corp, Rupert Murdoch Eldest Son Lachlan Murdoch Age 52 Takeover as Chairman of News Corp and Continue as Chairman & CEO of Fox Corp, News Corp CEO is Robert Thomson

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Australia Media Tycoon Age 92 Rupert Murdoch with $17 Billion Fortune Steps Down from $14.7 Billion Fox Corp & $11.3 Billion News Corp, Rupert Murdoch Eldest Son Lachlan Murdoch Age 52 Takeover as Chairman of News Corp and Continue as Chairman & CEO of Fox Corp, News Corp CEO is Robert Thomson

23rd September 2023 | Hong Kong

Australia media tycoon (Age 92) Rupert Murdoch with $17 billion fortune has stepped down from $14.7 billion Fox Corp & $11.3 billion News Corp, with Rupert Murdoch eldest son Lachlan Murdoch (Age 52) taking over as Chairman of News Corp and continue as Chairman & CEO of Fox Corp.  News Corp CEO is Robert Thomson.  In 2023 January, Rupert Murdoch (Murdoch & the Murdoch Family Trust) News Corp and Fox News have announced the termination of the merger plan (24/1/23), first announced in October 2022.   Rupert Murdoch had requested the News Corp & Fox News Board to review plan to merge $9 billion News Corp & $16 billion Fox News (market capitalisation), around 10 years after their split.  News Corp owns leading brands including Wall Street Journal, Dow Jones, The Sun, The Australian, New York Post, Realtor.com & REA Group.  In April 2023, Fox Corporation & Fox News announced to pay $787.5 million settlement for a defamation lawsuit (2021) by United States voting-machine maker Dominion (Dominion Voting Systems).  

“ Australia Media Tycoon Age 92 Rupert Murdoch with $17 Billion Fortune Steps Down from $14.7 Billion Fox Corp & $11.3 Billion News Corp, Rupert Murdoch Eldest Son Lachlan Murdoch Age 52 Takeover as Chairman of News Corp and Continue as Chairman & CEO of Fox Corp, News Corp CEO is Robert Thomson “

- Article continues below -

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Australia Media Tycoon Rupert Murdoch Fox News Pays $787.5 Million Settlement for Defamation Lawsuit by United States Voting-Machine Maker Dominion, United States Presidential Election in November 2020 Between Republican Donald Trump & Democrats Joe Biden

22nd April 2023 – Australia media tycoon Rupert Murdoch Fox Corporation & Fox News is paying $787.5 million settlement for a defamation lawsuit (2021) by United States voting-machine maker Dominion (Dominion Voting Systems).  The United States Presidential election had took place in November 2020 between Republicans Donald Trump & Democrats Joe Biden.  The $787.5 million settlement avoided a potential trial between Fox Corporation & Fox News and Dominion, with Fox claiming vote-rigging by Dominion on the election.  19th April 2023 – FOX News Media announced today that a settlement was reached in the Dominion Voting Systems lawsuit. Fox News:  “We are pleased to have reached a settlement of our dispute with Dominion Voting Systems. We acknowledge the Court’s rulings finding certain claims about Dominion to be false. This settlement reflects FOX’s continued commitment to the highest journalistic standards. We are hopeful that our decision to resolve this dispute with Dominion amicably, instead of the acrimony of a divisive trial, allows the country to move forward from these issues.”

FOX News Media operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Digital, FOX News Audio, FOX News Books, the direct-to-consumer streaming services FOX Nation and FOX News International and the free ad-supported television service FOX Weather. Currently the number one network in all of cable, FNC has also been the most watched television news channel for more than 21 consecutive years, while FBN ranks among the top business channels on cable. Owned by Fox Corporation, FOX News Media reaches nearly 200 million people each month.

Australia Media Tycoon Age 92 Rupert Murdoch with $17 Billion Fortune Has Cancelled Engagement Announced 2 Weeks Ago to Age 66 Widow Ann Lesley Smith, Last 4 Marriages Ended in Divorce

7th April 2023 |- Australia media tycoon Rupert Murdoch (Age 92) with $17 billion fortune (Murdoch & the Murdoch Family Trust) has cancelled the engagement announced 2 weeks ago to widow Ann Lesley Smith (Age 66, late husband is a media businessman) with Rupert Murdoch last 4 marriages ended in divorce.  Rupert Murdoch had met Ann Lesley Smith 6 months after his divorce in his 4th marriage with supermodel Jerry Hall (6 years marriage, divorce settlement of £11 million mansion, house in France and cash).  Rupert Murdoch 1st marriage is with Patricia Booker (9 years marriage, flight attendant), 2nd marriage with Anna Torv (32 years marriage, journalist, $1.7 billion divorce settlement), and 3rd marriage with Wendi Deng (14 years marriage, 37 years younger than him, media executive).  Rupert Murdoch has 6 children, and has identified Lachlan Murdoch (Age 52, Executive Chairman Fox Corp & Co-Chairman News Corp) as the heir to his media empire.  More info below.

Australia Media Tycoon Age 92 Rupert Murdoch with $17 Billion Fortune Engaged to Age 66 Widow Ann Lesley Smith Whose Late Husband is a Media Businessman, Last 4 Marriages Ended in Divorce

25th March 2023 – Australia media tycoon Rupert Murdoch (Age 92) with $17 billion fortune (Murdoch & the Murdoch Family Trust) is engaged to widow Ann Lesley Smith (Age 66, late husband is a media businessman) with Rupert Murdoch last 4 marriages ended in divorce.  Rupert Murdoch met Ann Lesley Smith 6 months after his divorce in his 4th marriage with supermodel Jerry Hall (6 years marriage, divorce settlement of £11 million mansion, house in France and cash).  Rupert Murdoch 1st marriage is with Patricia Booker (9 years marriage, flight attendant), 2nd marriage with Anna Torv (32 years marriage, journalist, $1.7 billion divorce settlement), and 3rd marriage with Wendi Deng (14 years marriage, 37 years younger than him, media executive).  Rupert Murdoch has 6 children, and has identified Lachlan Murdoch (Age 52, Executive Chairman Fox Corp & Co-Chairman News Corp) as the heir to his media empire.  Earlier in 2023 January, Rupert Murdoch (Murdoch & the Murdoch Family Trust) News Corp and Fox News announced the termination of the merger plan (24/1/23), first announced in October 2022.   Rupert Murdoch had requested the News Corp & Fox News Board to review plan to merge $9 billion News Corp & $16 billion Fox News (market capitalisation), around 10 years after their split.  News Corp owns leading brands including Wall Street Journal, Dow Jones, The Sun, The Australian, New York Post, Realtor.com & REA Group.

Australia Media Tycoon Rupert Murdoch with $17 Billion Fortune Terminate Plans to Merge $9 Billion News Corp & $16 Billion Fox News 10 Years after Split, Brands Include Wall Street Journal, Dow Jones, The Sun, The Australian & Realtor.com

26th January 2023 – Australia media tycoon Rupert Murdoch (Age 91) with $17 billion fortune (Murdoch & the Murdoch Family Trust) News Corp and Fox News have announced the termination of the merger plan (24/1/23), first announced in October 2022.   Rupert Murdoch had requested the News Corp & Fox News Board to review plan to merge $9 billion News Corp & $16 billion Fox News (market capitalisation), around 10 years after their split.  News Corp owns leading brands including Wall Street Journal, Dow Jones, The Sun, The Australian, New York Post, Realtor.com & REA Group.  Should the merger go through, the combined group will create a diversified global news, sport and digital giant.  News Corp: “News Corp … . following the receipt of letters from K. Rupert Murdoch and the Murdoch Family Trust, has formed a Special Committee composed of independent and disinterested members of the Board to begin exploring a potential combination with Fox Corporation.”

News Corp ($9 billion) valuation comes from its $5.7 billion shareholding in REA Group, and  The Dow Jones group & remain businesses are valued at $3.4 billion.  Fox Corporation produces and distributes compelling news, sports and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations, and leading AVOD service Tubi.

Official Press Release – News Corp

News Corporation (“News Corp” or the “Company”) (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) announced today that the Company’s Board of Directors, following the receipt of letters from K. Rupert Murdoch and the Murdoch Family Trust, has formed a Special Committee composed of independent and disinterested members of the Board (the “Special Committee”) to begin exploring a potential combination with Fox Corporation (“Fox”) (Nasdaq: FOXA, FOX).

The Special Committee, consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, will thoroughly evaluate a potential combination with Fox. The Special Committee has not made any determination with respect to any such potential combination at this time, and there can be no certainty that the Company will engage in such a transaction.

Neither the Company nor the Special Committee intends to comment on or disclose further developments regarding the Special Committee’s work unless and until it deems further disclosure is appropriate or required.

News Corp

The company comprises businesses across a range of media, including: digital real estate services, subscription video services in Australia, news and information services and book publishing. Headquartered in New York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other products and services are distributed and consumed worldwide.

Fox Corporation

Fox Corporation produces and distributes compelling news, sports and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations, and leading AVOD service Tubi.

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