When Rupert Murdoch stepped down as chairman of Fox and News Corporation in September 2023, it was greeted with a collective eye roll from those who had ever done business with the then 92-year-old.
He would be “chairman emeritus” of both companies, whatever that meant, and his eldest son Lachlan would take over the businesses his father had built over a seven-decade career as a journalist, newspaperman, powerbroker and mogul.