Until this week, I had been cautiously optimistic about the future of the Murdoch media empire. That optimism was based on two accounts that were published last February.
The New York Times Magazine weighed in with an article about the succession drama involving the four adult children of Rupert Murdoch who had been designated as his heirs, while The Atlantic ran with a lengthy profile of James Murdoch, the brother who had lost power and who was seeking revenge, redemption or both.
The upshot was that James and his two sisters had won a convoluted civil suit to overturn the terms of their inheritance. Rupert’s designated heir, Lachlan, would be outnumbered by his three siblings after their father departs this vale of tears. And there was reason to believe that James, Prudence and Elisabeth might try to remake Murdoch’s right-wing properties — especially Fox News — along the lines of more normal conservative outlets.
It was not to be. On Monday evening, Jim Rutenberg and Jonathan Mahler of the Times, who wrote the earlier Times Magazine story, reported that James, Prudence and Elisabeth Murdoch had sold their shares of the family’s holdings for $1.1 billion apiece. The deal ensures that Lachlan Murdoch will remain in charge. Given that he is regarded as even more right-wing than his father, and politically out of step with his more moderate siblings, it would seem that Fox News, the New York Post et al. will continue as a toxic fungus spreading across the body politic.
The Times story suggests that James Murdoch’s indiscretions in talking with McKay Coppins of The Atlantic may have hastened the deal. Legal proceedings were under way accusing James of violating the terms of the family trust by disclosing confidential information to Coppins. Perhaps James decided to throw in the towel rather than get caught up in yet another protracted court fight.
Then again, it was never clear that the three siblings’ distaste for the lying and hate-mongering that define Fox News outweighed their interest in keeping it the money flowing in. They are all well aware of what happened when Fox called the 2020 presidential election for Joe Biden on the grounds that he had, you know, won. A large share of Fox’s Trump-worshipping audience immediately decamped for even farther-right cable channels like NewsMax and OAN. Fox soon got with the program, and the audience returned, though the Murdochs ended up having to pay a $787.5 million libel settlement because several of their on-air hosts lied about the Dominion voting-machine company.
With Fox News now officially a lost cause, we can only hope that the Murdochs maintain the excellence of The Wall Street Journal. Though the Journal’s editorial pages are conservative, they are normal (even more so than before Murdoch bought the paper in 2007), and they’ve taken Donald Trump to task on such anti-business moves as tariffs.
Moreover, the Journal’s news pages are on fire. Editor-in-chief Emma Tucker has emerged as perhaps our most prominent and respected editor following Marty Baron’s retirement at The Washington Post. Not only has the Journal broken some major stories about Trump’s depravity, including his birthday letter to the late pedophile Jeffrey Epstein, but it is filled every day with interesting stories about business and culture that you won’t see in the Times.
Lachlan Murdoch’s purview includes the Journal even now. So we can only hope that the Journal’s status as one of our great papers continues after Rupert is no longer looking over his shoulder.
Note: With this post I am starting a new practice. Rather than indicating which stories are available through gift links, I am simply going to note when a story is blocked by a paywall. I’ll use the old Romenesko label: “sub. req.”
