TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Murdoch’s Successor May Be Determined by Timing

As everyone knows, Rupert Murdoch isn’t a spring chicken anymore. In fact, at 80 years old, he’s more like a winter rooster. So eventually the time will come when he has to name a successor to his News Corporation empire.

Most expect that person to be Murdoch’s son, James, who got everyone talking when he was promoted in late March. CNBC, however, has a different theory: If Murdoch steps down soon, Chief Operating Officer Chase Carey might takeover:

He [Carey] knows the company well, has worked with Murdoch closely, and he has the corporate experience, both at DirecTV, where he was CEO, and at News Corp, to run this kind of public company.

The great respect for Carey as an executive and operator provides even more reassurance to Wall Street that there will be consistency atop News Corp after Murdoch’s departure.

It’s an interesting idea, and one that makes plenty of sense, aside from one thing: Murdoch isn’t bothering with bringing all the family closer together than ever for nothing. If Murdoch needs to prolong his retirement to make sure James knows the ropes, he will. Much like the rooster, Rupert looks out for his flock.

 

Mediabistro Course

Magazine Writing

Magazine WritingStarting September 4, learn how to get your work in top publications! You'll learn how to create captivating stories editors will want and readers will love, understand which magazines are right for your stories, craft compelling pitch letters, and more! You'll leave this class with two polished articles and corresponding pitch letters. Register now!