Who is Rupert Murdoch’s Heir?
Lachlan Murdoch, left, and James Murdoch, right, with their father, Rupert Murdoch, chairman and CEO of News Corporation, in Sun Valley, Idaho for Allen & Company's Sun Valley Conference on July 12, 2012. (Kevork Djansezian/Getty Images)
October 9, 2012
| Economics
| Europe
Rupert Murdoch, son of a successful Australian newspaper publisher, has built the world’s largest media corporation with assets that include Fox News, The Wall Street Journal, the New York Post, the Times of London, The Sun (UK), numerous cable and network television stations, magazines and web sites, not to mention book publisher Harper Collins and movie studio 20th Century Fox. But as he reaches the end of his long career, Murdoch has become bogged down. In July, he resigned as director of News International. He insists that he is still at the helm, but surely, there needs to be someone in line to take his place as head of News Corporation. Murdoch has someone in mind. And it’s someone you’ve probably never heard of.
Over the last three years, News Corporation has been facing an ever-widening phone hacking scandal. The scandal started small, with accusations that a News of the World editor had sanctioned the hacking of cell phone voice mails. But it wound up implicating top editors in what turned out to be a widespread practice of hacking into cell phones of celebrities, royals and private citizens, including a murdered school girl, and listening to their messages.

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