Yesterday, November 15, in the evening, Australian and American media mogul Rupert Murdoch officially left post of chairman of the board of directors of the media corporation News Corporation he created.
Mr Murdoch’s plans to resign, becoming honorary head of the board, became known in September. Thus, the 92-year-old entrepreneur handed over control of the company to his son Lachlan Murdoch. Mr. Murdoch founded News Corp. in 1979, combining the publications he had previously acquired in Australia, Great Britain and the USA. In 2013, the asset was divided into two parts: one of them united all publishing assets – News Corp., the second, Fox Corporation (then 21st Century Fox), – assets of the entertainment industry, including film companies.
Rupert Murdoch, whose fortune is now estimated at $17.7 billion, has six children. He managed to find positions for almost everyone in his media empire. Lachlan Murdoch succeeded his father as CEO of News Corp. and Fox Corp. James Murdoch heads News Corp.’s European and Asian markets. In addition, the charter of stock of the formally public company News Corp. designed to ensure that the Murdoch family retains a majority of votes at the shareholders’ meeting and on the board of directors.