"The End of an Era: Rupert Murdoch's Retirement and the Future of News"

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Source: The New York Times
"The End of an Era: Rupert Murdoch's Retirement and the Future of News"
Photo: The New York Times
TL;DR Summary

Rupert Murdoch's decision to step back from day-to-day oversight of his media empire has paved the way for his son, Lachlan, to take sole control of the businesses. However, the question of who will control the trust that votes the family's shares after Rupert Murdoch's passing remains unanswered. Speculation suggests that Rupert Murdoch may be preparing for another attempt to merge Fox Corporation and News Corp, a move he backed away from last year. Any potential merger would likely be preceded by a sale of parts of News Corp, including its real estate business. The media industry is undergoing significant shifts, and the Murdochs have shown a willingness to consider various options, including a sale, to ensure the future success of their businesses.

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