Fox News settlement seen as ‘moment of weakness’ that puts focus on mogul’s heirs and their future
over Fox News’s role broadcasting false claims of election rigging during the 2020 US presidential election that has more bearing on dynastic succession and executive musical chairs.
“Shareholders may say there is one pickle after another,” says Claire Enders, a co-founder of Enders Analysis. “They are not through this crisis yet, there will be a further elements of a clean-up operation, but they have been here before. The fact is there is always a constant movement of pieces in Rupert’s conglomerate.”new and less controversial Republican star Ron DeSantis
The move into property listings in the US and Australia, championed and engineered by Lachlan, has proved a masterstroke, accounting for up to a third of News Corp’s profits. Despite the US deal falling through, the real estate business is expected to be the focus of future corporate activity when macroeconomic conditions improve.
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