Buzz on future of Fox News, as Rupert Murdoch steps down

Given that many of Fox News’ anchors continue to support Trump, network’s attitude toward former president remains to be seen

NEW YORK – Rupert Murdoch, the iconic 92-year-old chairman of Fox Corp. and News Corp. has officially handed over the reins of his media empire to his son Lachlan.

The move has caused excitement and speculation about the possible future direction of Fox News.

Lachlan Murdoch, 52, is no newcomer to corporate management.

He has held the role of chief executive of Fox Corp. since 2019.

The changing of the guard therefore seemed to confirm that there will be no immediate political change within the broadcaster.

Brian Stelter, a veteran media journalist, mentioned in his piece for The Atlantic that the conservative orientation of the Murdoch media empire is unlikely to change with this change.

Given that many of Fox News’ anchors continue to support Trump, the network’s attitude toward the former president remains to be seen.

While declining linear TV viewership is a challenge for the media giants, market research firm Kagan, part of S&P Global Intelligence, believes Fox News remains the most-watched news channel on cable television.

According to Jim Rutenberg of The New York Times, after Rupert’s death, his four eldest children will have equal say in running the company.

From founding the Fox network in the 1980s to acquiring newspaper chains in Australia, the U.K., and the U.S. to becoming a major force in the television industry, Murdoch’s influence has been profound.

Critics claim that the Fox Network has become increasingly partisan over the years.

Dominion Voting Systems recently settled a $787.5 million lawsuit with Fox for spreading unfounded conspiracy theories about the 2020 election.

With Murdoch’s departure, only time will tell if the direction of this media empire will change significantly. His legacy as one of the world’s most influential media figures remains unchallenged.