Rupert Murdoch has announced he will step down from his role leading Fox Corp. and News Corp. and will hand the reins to his son, Lachlan.
The 92-year-old shared his belief that the time is right to make the transition.
“I have decided to transition to the role of Chairman Emeritus at Fox and News”, Murdoch said, adding that Lachlan Murdoch “will become sole chairman of both companies”.
“The time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader,” Murdoch said of his son.
“I am truly proud of what we have achieved collectively through the decades, and I owe much to my colleagues whose contributions to our success have sometimes been unseen outside the company but are deeply appreciated by me,” Murdoch continued.
The longtime executive said just because he is relinquishing his title doesn’t mean he will step away from the companies he built completely.
“In my new role, I can guarantee you that I will be involved every day in the contest of ideas. Our companies are communities, and I will be an active member of our community,” Rupert Murdoch wrote of his new role. “I will be watching our broadcasts with a critical eye, reading our newspapers and websites and books with much interest, and reaching out to you with thoughts, ideas, and advice.”
Murdoch’s departure comes after a new book claims he believed Fox News could settle its defamation lawsuit with Dominion Voting Systems for $50 million. The network ultimately paid a $787.5 million settlement with the voting machine company after it was accused of deliberately airing falsehoods about the validity of the 2020 Presidential election.
Murdoch began his media executive career 70 years ago by taking over The News in Adelaide, Australia after his father’s death. He went on to own hundreds of local, national, and international newspaper and book publishing outlets, and television channels during his career.
The news of Murdoch’s departure was announced during America’s Newsroom on Fox News.
“We’d like to add our gratitude, as well,” anchor Bill Hemmer said. “Rupert Murdoch created all of this and so much more across America and the globe. His life’s work has left an indelible imprint on the global media landscape. His contributions are both innumerable and extraordinary. And we thank him for letting us be a part of it all. Thank you, Rupert. And congratulations.”
NAFB Executive Director Tom Brand, Strong AM Radio Advocate, Resigning
The NAFB executive board and its directors will lead the search for a new executive director.
Changes are coming to the National Association of Farm Broadcasting (NAFB) as Tom Brand resigned from his executive director position. The resignation will take effect on December 31.
Brand became a member of the NAFB team in August 2011 after serving as farm director at KFEQ Radio in St. Joseph, Missouri.
“I want to thank Tom for his leadership of NAFB for the last 12-plus years,” Joe Gill, NAFB’s 2023 president, said. “His passion and dedication to farm broadcasting has been invaluable, and I’m truly grateful for his service to the NAFB.”
The National Association of Farm Broadcasting’s executive board and its directors will lead the search for a new executive director, and the organization will share information about the pursuit once it is announced.
“A lot of things have changed since I came to NAFB in August 2011. Our industry looks different, but it has done a wonderful job remaining relevant and is positioned for the future. I’m pleased with the status of the association, noting growth in multiple areas — membership, offerings to members, financial stability, and impact to the agriculture community,” Brand said.
“Looking back on more than 30 years of involvement with NAFB, I recognize listeners are truly connected to their farm broadcasters; advertisers understand the importance of that connection; and I know farm broadcasting is proven and will continue to deliver its message to this important part of the nation’s economy.”
Bloomberg Media CEO Scott Havens Departs to Join New York Mets
Havens was elevated to the CEO of Bloomberg in January of last year, after previously serving as Chief Growth Officer and Global Head of Strategic Partnerships.
Bloomberg Media CEO M. Scott Havens is departing his role to become the President of MLB’s New York Mets.
Havens was elevated to the CEO of Bloomberg Media in January of last year, after previously serving as Chief Growth Officer and Global Head of Strategic Partnerships.
He joined the company in 2015 after spending time as the Senior Vice President of Digital at Time Inc. He was also the President of The Atlantic, and also spent time at Portfolio.com, and Yahoo! Finance, among others.
In his new role, Havens will report directly to New York Mets owner Steve Cohen.
“The opportunity to join the Mets organization is a lifelong dream fulfilled,” said Havens. “I’m thrilled to build upon the great work underway, accelerating the push to modernize our strategy across the organization, driving new digital and media innovation, and ultimately, to provide our fans with the best experience in sports. I’m grateful to Steve and Alex for this opportunity and am looking forward to working with the entire leadership team to shape the future of the Mets together.”
“Bringing someone on board of Scott’s caliber is an exciting development for the Mets organization,” added Mets Owners Steve and Alex Cohen. “Scott has vast experience leading world-class media and digital technology-led companies such as Bloomberg Media and Time Inc. and he’ll provide a modern vision and strategic direction for our organization.
Ex-CNN President Jeff Zucker Acquiring Two U.K. Media Outlets
Reports indicate that Zucker is planning to expand U.K. publications into the U.S.
Former CNN president Jeff Zucker is getting back into the news media industry. According to The New York Times, Zucker is reportedly set to acquire The Daily Telegraph and The Spectator, two influential conservative publications in the U.K.
Zucker’s RedBird IMI bid approximately $1.4 billion for the publications that went up for auction following the Barclay family’s default on a loan.
Reports indicate that Zucker is planning to expand U.K. publications into the U.S. However, he will not be responsible for daily news coverage and instead will focus on strategy.
Recently, news reports have linked the former CNN chief as a potential buyer of CNN in case Warner Bros. Discovery decides to sell the cable network. He has confirmed his interest in acquiring CNN.
During the Yahoo Finance Invest Conference in early November, Zucker stated that CNN is not currently for sale and that his RedBird IMI Capital firm is not investigating a purchase. However, Zucker referred to CNN as a “fantastic asset.”