Rupert Murdoch's Grip on Power Put to Test in Fox Upheaval


The eighth floor at 1211 Avenue of the Americas in Manhattan is where 21st Century Fox’s top executives sit, which is why it’s all the more significant that Rupert Murdoch is spending so much time six floors below.

The 86-year-old media mogul moved to the second floor and into the office vacated when Fox News chief Roger Ailes was ousted last July. Last week, Murdoch gathered staff to reveal plans for adding reporters and physically making over the newsroom, spending millions to install an open floor plan with giant data screens and a TV studio. In a statement, Murdoch described the investment in personal terms, calling it “a sign of my unwavering confidence” in Fox News.

His dedication to the project is a reminder that Murdoch is still leaving his mark on Fox even while his sons are upstairs managing his media empire. Murdoch promoted Lachlan and James two years ago to top roles, and they have worked in concert with their father on key personnel changes — evidence that some transfer of power is happening, slowly but surely, at 21st Century Fox.

Continue reading at AdAge.com

No Responses to “Rupert Murdoch's Grip on Power Put to Test in Fox Upheaval”

Post a Comment