Speculation and intrigue at News Corp as Lachlan takes control
Lachlan Murdoch's ascension has sparked a round of speculation about strategic shifts and leadership moves at Holt St. But anyone expecting short-term changes might be disappointed.
The silence from senior executives at News Corp Australia over Rupert Murdoch's resignation from the business and his eldest son Lachlan's elevation to sole chair last week has sparked speculation and intrigue about strategic shifts and potential executive moves inside the company.
But anyone expecting (or hoping for) significant changes at Holt St is likely to be disappointed, at least in the short-term.
Two sources familiar with Lachlan's thinking said he is reluctant to interfere with the plans of News Corp's global CEO Robert Thomson and won't push through any rushed changes to the company’s Australian businesses, which include its tabloids, broadsheet The Australian, Sky News and Foxtel.
Murdoch, who splits his time between LA and Sydney, is also not expected to take an office at Holt St, one of the sources said. This indicates his focus remains on Fox Corp, the family's US-listed vehicle which he leads as CEO and executive chairman, and which owns the Fox TV network, Fox News cable channel and other digital assets.
