What's happened
Rupert Murdoch announces his retirement, designating Lachlan Murdoch as his successor to lead News Corp. and Fox Corp.
Why it matters
The succession plan for one of the world's largest media empires is significant for the future direction of influential news and entertainment outlets.
What the papers say
The New York Times suggests a greater gambit may be in play to further solidify Lachlan's control over the companies, while The Independent highlights the family's internal power struggle and the inspiration behind the succession drama. AP News and BBC News provide background on Lachlan Murdoch's career and his previous conflicts within the family business.
How we got here
Rupert Murdoch's retirement announcement has ended speculation over the succession of his media empire, which has been a subject of interest for several years.
More on these topics
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Keith Rupert Murdoch, AC, KCSG is an Australian-born American media mogul who founded News Corp. He is the son of Keith Murdoch, one time senior executive of Australia's Herald & Weekly Times publishing company.
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Lachlan Keith Murdoch is an Australian–British and American businessman and mass media heir. He is the executive chairman of Nova Entertainment, co-chairman of News Corp, executive chairman and CEO of the Fox Corporation, the founder of Australian inves
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The current incarnation of News Corporation, stylized as News Corp, is an American mass media and publishing company focusing on newspapers and publishing, formed in 2013 as a spin-off of the original News Corporation.