Lachlan Murdoch, chairman and CEO of Fox Corp., won a succession battle with his brothers to retain the right to vote for the TV Media Company and News Corp, built by his brother Rupert Murdoch.
And Murdoch spoke at the 2025 Goldman Sachs Commune + Technology Conference in San Francisco on Wednesday, saying that solving the problem was “great news for investors.”
Lachlan under control of Fox Corp., executives said “it gives us clarity about our future strategy.”
“It shows that our strategy is consistent. It’s clear and very sustainable,” he said. In the coming months and years, he was able to invest in “We can be very focused on returning capital to investors,” and “our great journalism” and “Leave focus on the path we take.” ”
Murdoch had been on stage for just 10 minutes at the meeting. The session was scheduled to begin at 10:10am in the Pacific, but he was running late as a flight from LA to San Francisco hit an hour delay before takeoff. Murdoch’s session began at 10:36am and ended about 10 minutes later. (Murdoch apologised for his lateness.)
On Monday, the Murdoch family announced that Lachlan Murdoch will pay control over vote shares under the agreement in order to control both News Corporation and Fox Corporation’s voting stock. Company.
The agreement gives Fox and News to control Lachlan Murdoch until 2050. Regarding his comments on the agreement that provided “clearity” about Fox’s strategy, Murdoch may have hinted at the fact that the other three brothers weren’t politically correct.
Meanwhile, Fox Corp.’s biggest consumer play was that on August 21, the company launched Fox One. Priced at $19.99 per month, the service offers programming access across a linear portfolio, including FOX Local Station, Fox News Channel, Fox Business, Fox Weather, and Fox Sports (including FS1, FS2, FOX Deportes, and B1G). Users can purchase Fox One and Fox News Fox Nation bundles for $24.99 per month.
Without providing details, Murdoch said at a meeting Wednesday that Fox “stricken expectations in the first few weeks.”
Fox Corp. was also caught up in a carriage battle with Google’s YouTube TV last month. The two sides reached conditions with renewals after a short-term extension to the previous agreement, avoiding blackouts on Fox News and other networks on YouTube TV.
In the quarter ended June 30th, Fox’s fourth quarter in 2025, the company’s revenue rose 6%, mainly due to the strength of Fox News’ ad sales and the strength of the ad sales of free ad support streamer Tubi. Net income over the period has more than doubled to $717 million.
