In Media Moguls’ Rarefied Realm, It’s Like Father, Like Son

By: David Carr | New York Times

Last week, Rupert Murdoch handed the future leadership of two publicly held companies worth a combined $80 billion to his two sons, almost as casually as if they were the keys to the family station wagon.

James was elevated at 21st Century Fox, becoming co-chief operating officer, and Lachlan became nonexecutive vice chairman at both 21st Century Fox and News Corporation.