Thursday, April 18, 2019

REPORT: LACHLAN MURDOCH FOUND LITTLE SUCCESS — IF ANY — ON HIS OWN

March 27, 2014 by · Leave a Comment 

Lachlan Murdoch may be returning to his father’s companies as heir apparent, but he is leaving behind him in Australia a trail of failure and mismanagement as chairman of the Ten Network, Sydney Morning Herald columnist Michael Idato observed today (Thursday). “History will not be kind to his reign as chairman of the Ten Network,” Idato wrote, noting that during his three years running the network, it has slipped from third to fourth place among the Australian broadcasters. “In a commercial television industry virtually enslaved by ratings, it is those numbers that deliver the harshest verdict,” he wrote. “[Ten] has shed audience, profit and share value.” But some analysts have pointed out that Lachlan’ new position as non-executive co-chairman with his father Rupert of both entertainment company 21st Century Fox and publishing company News Corp is, as the title itself indicates, a non-executive position. Journalism professor Alan Knight at the university of Technology in Sydney remarked today, “Murdoch senior has always treated News Corp as a family business and this guy is just basically accepting his inheritance.”