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News Corpi

News Corp, whose assets include a stake in Britain’s BSkyB, The Times, The Wall Street Journal, The Sun and other newspapers across the globe, was restructured in 2013, when Rupert Murdoch spun off the more profitable entertainment business.

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  • Rupert Murdoch’s son Lachlan will become the sole chairman of News Corp and continue as the chair and CEO of Fox
  • Transition solidifies Lachlan’s role as the leader of the media empire, putting to rest questions of succession within the Murdoch family
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Rupert Murdoch media appeared to turn its back on Donald Trump, labelling the former US president a ‘loser’ who shows ‘increasingly poor judgment’ after the midterm elections.

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Biden says he intends to run and will make a final decision ‘next year’; Trump, meanwhile, may have been abandoned by Murdoch’s media empire for Republican darling Ron DeSantis.

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Fox News infuriated Trump and his supporters by calling Arizona for Biden and the president’s son-in-law called Murdoch in vain to try to get that call retracted.

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The man who built the mighty News Corp media empire is now 89 – and had 6 children and 4 wives along the way – so who will get the keys to all that power when he’s gone?

Regulators in other jurisdictions – as well as investors – are watching closely to see how the code works in practice. Should watchdogs in other markets follow Australia, it would chip away at two of the most wildly successful business models of the 21st century, built largely on content free-for-alls.

In a wide-ranging interview, Malcolm Turnbull also discusses Rupert Murdoch’s role in ousting him from office and the use of Twitter by US President Donald Trump.

News Corp's Australia chief, Kim Williams, resigned from the company as New York Post editor-in-chief Col Allan reviews its newspapers in the country amid pre-election clashes with Prime Minister Kevin Rudd.