From an episode of Spin Cycle∙Presented by Jess Lilley, Charlie Lewis and Rachel Withers
Interview
Spin Cycle: What’s Going On With The News Corp Succession Drama?
Award winning Journalist, author and Murdoch-Media Empire soothsayer Paddy Manning joins the Spin Cycle crew to dig into the latest succession drama surrounding the News Corp empire. They discuss Rupert Murdoch’s failed bid to change the family trust to give son Lachlan Murdoch full control of the News Corp empire, and what it may mean for the future of the company.
“[this] opens up the potential that Lachlan, who is clearly Rupert’s successor and has taken over the executive chair of both companies since Rupert retired last year, might be rolled by his more politically moderate siblings. That scenario is what Rupert was trying to avoid by amending the trust to give Lachlan super-voting shares and make his control, his succession, unassailable after Rupert dies.”
Paddy Manning is the author of 2022’s The Successor: The High-Stakes life of Lachlan Murdoch.
Photo credit: James Alcock