Lachlan Murdoch


‘New Fox’ names exec team with Lachlan taking the helm

Twenty-first Century Fox (21CF) has named Lachlan Murdoch (pictured) as the executive chairman and chief executive officer for the proposed ‘New Fox’, which will be established as Disney purchases Fox assets in the coming year. The new structure will also see Rupert Murdoch serving as co-chairman and John Nallen, 21CF’s chief financial officer, taking a […]

Fox still confident of Sky approval

21st Century Fox remains confident that it will secure regulatory approval for its acquisition of Sky by the middle ofthis year, despite the Competition And Markets Authority’s provisional ruling in January that the deal was “not in the public interest”. The UK competition watchdog provisionally blocked the takeover on the grounds that the acquisition of 100% […]

Star CEO to be new 21st Century Fox Asia boss

21st Century Fox has named the chairman and CEO of pay TV business Star India as its overall boss in Asia. Uday Shankar has been named president of 21st Century Fox Asia, effective immediately. The change means Fox Networks Group Asia president Zubin Gandevia now reports into Shankar, who has been placed in charge of […]

CBS’s Ten deal nears completion

US broadcaster CBS has just one obstacle to overcome in order to take over Australian commercial net Ten. CBS has received the deal greenlight from Australia’s Foreign Investment Review Board (FIRB), leaving only the legal transfer of shares as an outstanding issue. The FIRB has no problems with the deal, which formulated after it emerged […]

Ten creditors choose CBS over Murdoch

CBS Corp will be the next owner of Australia’s Network after creditors accepted its offer. Lachlan Murdoch and business partner Bruce Gordon had tabled a rival offer in a bid to derail CBS’s previously agreed deal for Ten, but this has come up short. Unsecured creditors met yesterday to decide what deal to accept, and […]

Murdoch & Gordon fail to stop CBS’s Ten deal

Lachlan Murdoch and Bruce Gordon have failed in their attempt to stop US broadcaster CBS buying troubled Australian channel Network Ten. The pair had attempted to halt a crucial creditors meeting that will decide whether CBS Corp. can move ahead with its A$201 million (US$161 million) deal, but have seen this rejected in court. Administrators […]

Murdoch attempts to derail CBS deal for Ten

Lachlan Murdoch isn’t giving up on Network Ten just yet. While his brother James was playing politics in the UK over 21st Century Fox’s stuttering deal for Sky, Murdoch has launched a new bid to buy struggling Australian channel Network Ten. Earlier this week, the Australian government relaxed rules that stopped Murdoch from owning a […]

Peter Rice upped to 21st Century Fox president

Peter Rice has been promoted to president of global media giant 21st Century Fox. He was previously chairman and CEO of Fox Networks Group (FNG), and has worked with the Murdoch media empire since 1989 when he joined as intern. Rice (pictured) will keep his FNG roles, which already see him working closely with Fox […]

CBS loans Ten A$143m to pay off creditors

CBS has handed Network Ten a multi-million dollar loan to pay off creditors – including 21st Century Fox chief Lachlan Murdoch – as the US broadcaster moves closer to buying its Australian counterpart. The agreements see CBS loaning Network Ten A$142.7 million (US$113 million) to refinance the commercial channel’s debts, according to Network Ten administrators […]

Fox chief: live-streaming TV proves pay power

The progress of live-streaming TV services reaffirms the strength of pay TV bundles, according 21st Century Fox executive chairman Lachlan Murdoch. He said that while the pay TV industry had lost around 2% of subscribers over the past year, those gained from the likes of YouTube TV and Hulu Live, plus growth at new cable […]

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