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Prodigal son returns, Lachlan Murdoch back in News Corp

Published on Mar 27, 2014 1:22 PM
 
Lachlan Murdoch, 42, will become non-executive co-chairman of both entertainment company 21st Century Fox and publishing operation News Corp, sharing both roles with his father Rupert Murdoch. -- FILE PHOTO: REUTERS

SYDNEY (REUTERS) - Lachlan Murdoch's appointment to senior positions within his father Rupert Murdoch's media empire marks the return of the prodigal son.

Nearly a decade after walking away from the News Corp inner circle in New York to set up his own investment company and settle in Sydney with his young family, it appears Lachlan has accepted the mantle of successor, whether alone or jointly with younger brother James.

"It's like the royal family," said Alan Knight, professor of journalism at the University of Technology in Sydney. "Murdoch senior has always treated News Corp as a family business and this guy is just basically accepting his inheritance."

Lachlan, 42, will become non-executive co-chairman of both entertainment company 21st Century Fox and publishing operation News Corp, sharing both roles with his father. He rejoins the company after quitting as deputy chief operating officer in 2005 amid friction with other News Corp executives.

 
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