Rupert Murdoch at 90: Fox, succession and 'one more big play' - Financial Times ft.com/content/d9719c…
His children are at odds, not least over Fox News. Lachlan Murdoch, his elder son, is heir apparent. But the succession question somehow still remains open.
He survived the phone-hacking crisis at his UK newspapers, several health scares, had two daughters, divorced, found love with Jerry Hall, bought the WSJ, built Fox News to become America’s most watched news network, rode the Trump wave, and outlasted its crashing aftermath.
Fox News is on track to account for more than 80% of Fox’s total operating profits this year, according to MoffettNathanson. Its profit margins are in excess of 50%.
Murdoch isn’t too bothered about the challenges from critics, rival right-wing broadcasters or lawsuits against Fox, say people close to him. What he is preoccupied with is the parent company’s future, and its leadership.
With television in long-term decline, Lachlan has made enthusiastic bets on businesses more primed for the future, such as Tubi, an ad-supported video-streaming platform for which he paid $440m. 
Murdoch feels he still has time. His mother, Dame Elisabeth Murdoch, lived to 103 and health-conscious Murdoch has no intention of being short-changed. “I’m just not ready to stop, to die,” he once declared.
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