"Rupert Murdoch was just 21 years old in 1952 when he inherited his first newspaper. The News, an afternoon tabloid published in South Australia, had a modest circulation, but Murdoch, who turns 95 in March, used it as a springboard to create a vast conservative media empire that includes Fox News, the New York Post and The Wall Street Journal."
"Murdoch has long seen his holdings as a family business, which he hoped to leave behind to his children. In recent years, however, a political rift within the family has pitted Murdoch's four eldest children Lachlan, James, Elisabeth and Prudence against each other, and inspired the HBO drama series Succession. "Rupert Murdoch said that his dream was to build a family business. And what he built was a business that destroyed his family," journalist Gabriel Sherman says."
Rupert Murdoch inherited his first newspaper at age 21 and built a global conservative media empire that includes Fox News, the New York Post and The Wall Street Journal. He treated the holdings as a family enterprise and planned to pass control to his children. A political rift among his four eldest children — Lachlan, James, Elisabeth and Prudence — increasingly pitted them against one another and shaped public narratives. Years of legal negotiation reportedly ended with James, Elisabeth and Prudence each accepting $1.1 billion to relinquish their stakes, leaving Lachlan as the principal heir and consolidating control.
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