What's happened
Lachlan Murdoch, 52, is set to take over as the sole chair of News Corp and the executive chair and chief executive of Fox, succeeding his father Rupert Murdoch, 92.
Why it matters
This is significant as it marks a generational shift in leadership for the multibillion-pound international media empire, with Lachlan Murdoch taking over from his father.
What the papers say
The Times and NY Post provide detailed accounts of Lachlan Murdoch's career and his pivotal role in guiding the media giants, while The Times of Israel focuses on Rupert Murdoch's legacy and the impact of his creation of Fox News.
How we got here
Rupert Murdoch, the 92-year-old Australian media magnate, is stepping down as leader of both Fox's parent company and his News Corp. media holdings, with his son Lachlan set to take over.
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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