September 21, 2023
Rupert Murdoch announced he is stepping down as chairman of his Fox News and News Corp global media empire, and relinquishing control to his son, Lachlan Murdoch, in a succession that raises questions about the influence of the Murdoch dynasty in the 2024 US elections and beyond.
Over his 70 year career, Murdoch dominated conservative media baron in the US, UK and Australia, using his outlets to sway the political pendulum to the right and act as a kingmaker within the Republican Party. Fox News was instrumental in bringing Donald Trump to power in 2016.
The transition comes at a difficult time for the conglomerate, which paid out a $787.5 million settlement and faces multiple shareholder lawsuits over spreading misinformation during the 2020 elections. It is also seeing ratings stagnate as viewers move towards extreme outlets like Newsmax and individual creators like Tucker Carlson– whom Fox ousted earlier this year.
Ahead of the 2024 election, whether Fox News will be able to maintain its power without Murdoch and amidst a more competitive and decentralized political media landscape remains to be seen.
More For You
- YouTube
In this Quick Take, Ian Bremmer examines what may come next in the US-Israel war with Iran as the Trump administration signals significantly larger military operations ahead.
Most Popular
FILE PHOTO: Canadian Prime Minister Mark Carney and India's Prime Minister Narendra Modi shake hands before posing for a photo during the G7 Leaders' Summit in Kananaskis, in Alberta, Canada, June 17, 2025.
REUTERS/Amber Bracken/File Photo
Indian Prime Minister Narendra Modi and Canadian Prime Minister Mark Carney struck a series of deals during a meeting in New Delhi on Monday, including a 10-year nuclear energy deal under which Canada will provide India with uranium.
A satellite image shows black smoke rising and heavy damage at Iranian Supreme Leader Ayatollah Ali Khamenei's compound, following strikes by the United States and Israel in Tehran, Iran, on February 28, 2026.
Pleiades Neo (c) Airbus DS 2026/Handout via REUTERS
Supreme Leader Ali Khamenei is dead, the conflict is spreading, and US President Donald Trump still isn’t clear on who he wants to run Iran.
Shipping in the world’s most crucial oil chokepoint has nearly ground to a halt after at least four tankers were targeted in Iran’s retaliation to US and Israeli strikes on Saturday.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.