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Comcast deal brings the Roberts family out of the shadows

December 16, 2009

Brian Roberts completed his first triathlon this year. The event that challenges participants to compete in swimming, running and cycling should be a good preparation for the 50-year-old Comcast chief executive as his cable company takes over the television and movie operations of NBC Universal.

Lachlan Murdoch sells remaining shares in family business

December 10, 2009

Lachlan Murdoch, the eldest son of media tycoon Rupert Murdoch, sold his remaining non-voting shares in News Corp this week.

Lachlan Murdoch, the eldest son of media tycoon Rupert Murdoch, sold his remaining non-voting shares in News Corp this week.

According to a filing made on Tuesday with the Securities and Exchange Commission in the US, Lachlan's trust sold 2.3 million Class A News Corp shares for $28.3 million. This sale follows a similar one last week that saw Lachlan (pictured) sell another 2.3 million shares.

Murdoch hopes next generation will succeed him at News Corp

November 10, 2009

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.

In an interview with Sky News Australia, Murdoch said: "I am sure one of them will emerge. It would be nice, every parent wants to see that." The family is in control of 40% of the voting rights for the business and, according to Murdoch, has regular succession meetings.

Murdoch plays it safe with new appointment

June 4, 2009

Rupert Murdoch has unveiled News Corporation veteran Chase Carey as his new right hand man. Carey replaces Peter Chernin, described as being “a trusted friend” by Murdoch, who leaves on 1 July.

Rupert Murdoch has unveiled News Corporation veteran Chase Carey as his new right hand man. Carey replaces Peter Chernin, described as being "a trusted friend" by Murdoch, who leaves on 1 July.

Carey, who spent 15 years as a senior executive at News Corp before becoming CEO of The DIRECTV Group in 2003, becomes deputy chairman, president and COO. Reporting to Murdoch, he will have an oversight of the group's global operations and join the board of directors.

Who’ll keep the seat warm now? Murdoch’s succession dilemma

February 26, 2009

The surprise announcement of the departure of Rupert Murdoch’s right hand man earlier this week is not only a blow to News Corporation’s immediate future, it also poses more questions about the 77-year-old media mogul’s succession plan.

The surprise announcement of the departure of Rupert Murdoch's right hand man earlier this week is not only a blow to News Corporation's immediate future, it also poses more questions about the 77-year-old media mogul's succession plan writes Marc Smith.

Murdoch: “Capitalism creates wealth”

January 28, 2009

News Corp chairman and CEO Rupert Murdoch has used his role as co-chair of the 2009 World Economic Forum to issue a rallying cry to participants to overcome the current challenges.

News Corp chairman and CEO Rupert Murdoch (pictured) has used his role as co-chair of the 2009 World Economic Forum to issue a rallying cry to participants to overcome the current challenges.

Although the world still in crisis, according to the media mogul, we should treat it “as an opportunity to set goals for how we want to come out of it, such as energy sufficiency, world pollution ... and shape policies which will help to solve some of those problems.”

WSJ Special Committee claims Murdoch meddling

May 1, 2008

Rupert Murdoch has been reprimanded by the Special Committee he himself agreed to set up to guarantee the editorial integrity of the Wall Street Journal.

Rupert Murdoch has been reprimanded by the Special Committee he himself agreed to set up to guarantee the editorial integrity of the Wall Street Journal. The committee was established after the exiting Bancroft family expressed fears about Murdoch's influence in the wake of his purchase of Dow Jones & Co.

Murdoch influence grows at WSJ

April 23, 2008

News Corporation chairman and CEO Rupert Murdoch is stepping up his involvement in The Wall Street Journal, the newspaper he acquired last August from the Bancroft family as part of Dow Jones & Co.

News Corporation chairman and CEO Rupert Murdoch (pictured) is stepping up his involvement in the Wall Street Journal, the newspaper he acquired last August from the Bancroft family as part of Dow Jones & Co (click here to read more).

Media baron scions' joint venture crumbles

April 8, 2008

A joint venture led by two next generation members of Australia’s most powerful families has ended after only two months.

A joint venture led by two next generation members of Australia's most powerful families has ended after only two months. Lachlan Murdoch, son of News Corp chief Rupert, has written to Consolidated Media Holdings stating that the deal he was pursuing with CMH executive deputy chairman James Packer (pictured) to purchase the firm is off.

The letter from Murdoch stated that they are "not in a position to proceed with the Indicative Proposal due to material changes in the overall transaction terms. Accordingly, the Indicative Proposal has been withdrawn."

Asia Pacific: Heirs without graces

March 1, 2008

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

Dennis Jaffe is a founding partner of Relative Solutions.