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Article: Family affair; The Murdoch succession.(The News Corporation Ltd.'s Rupert Murdoch)
- Article from:
- The Economist (US)
- Article date:
- January 21, 2006
CopyrightCOPYRIGHT 2006 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Investors are fretting about who will succeed Mr Murdoch
ON TOP of its strategic challenges, News Corporation faces the tricky question of who will take over from Mr Murdoch. One view is that his eventual departure will be followed by a break-up of the company, because it consists of his particular choice of assets and may prove too unwieldy for anyone else to hold together.
So far, Mr Murdoch's plan to pass control of News Corporation to one of his children is going badly. Last year his eldest son, Lachlan, left the business after losing a power struggle with other (non-Murdoch) senior executives, and his daughter Elisabeth abruptly left BSkyB in 2000. ...