Rupert Murdoch, the 92-year-old media mogul, is set to step down from his role as chairman of News Corp. and Fox Corp. and take on the role of emeritus chairman, with his eldest son Lachlan taking on the role of sole chair. Rupert will take on his new role at the companies' next shareholder meetings in mid-November, marking the end of a seven-decade career that saw him build a media dynasty and establish himself as one of the world's most influential media executives.
Posts tagged as “Chair Rupert Murdoch”
Elizabeth Holmes, founder of the now-defunct Theranos, has begun her 11-year sentence for defrauding investors of millions of dollars. Holmes was able to raise more than $700 million in venture capital funding for the company, but its technology was never able to live up to its promise and was eventually exposed as a fraud. Her conviction serves as a reminder of the consequences of fraud and the importance of due diligence when investing.
Prince William has reportedly received a "very large sum of money" in a 2020 settlement with Rupert Murdoch's media empire for phone hacking. The lawsuit, brought against News Group Newspapers, alleges the newspapers unlawfully gathered information in a scandal dating back two decades. Prince Harry's lawyer revealed the settlement in a summary of arguments why his lawsuit against the publisher of The Sun and News Of The World should not be thrown out. The amount of money received by Prince William has not been disclosed, and the outcome of the case is expected to have a significant impact on the ongoing phone hacking scandal.
Dominion Voting Systems and Fox News are set to face off in a $1.6 billion defamation trial in Wilmington, Delaware, which will shine a spotlight on Fox's election denialism and the role of its disinformation in American politics. If the 12 jurors side with Dominion, it would be one of the largest defamation defeats ever for a US media outlet. The trial is expected to be long and arduous, and the outcome is still uncertain.