Meet Fox News' new leader Lachlan Murdoch, who inherits a media empire now that his father is officially stepping down

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lachlan rupert murdoch
Lachlan Murdoch and Rupert Murdoch at Day 10 of the US Open held at the USTA Tennis Center on September 5, 2018 in New York City.

Adrian Edwards/GC Images

Rupert Murdoch is stepping down as chairman of Fox and News Corp after a career spanning seven decades. Here's how the billionaire media mogul spends his money.

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Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho.
Rupert Murdoch announced Thursday that he was stepping down as chairman of Fox and News Corp.

Drew Angerer/Getty Images

Read Rupert Murdoch's memo to staff announcing he's stepping down from Fox and News Corp.

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rupert murdoch
Rupert Murdoch will exit his role as chair of Fox and News Corp. in November, he said Thursday.

REUTERS/Lucas Jackson

Disney's top-selling merchandise line in Asia is this under-the-radar fluffy bear

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Tourists purchase souvenirs with Spring Festival elements at Shanghai Disneyland on February 8, 2023 in Shanghai, China.
Disney's Duffy and Friends line is massively popular in Asia.

VCG/Getty Images

Rupert Murdoch has become a 'frothing-at-the-mouth' enemy of Donald Trump and often wishes for his death, new Michael Wolff book claims

Tech Insider : Politics
Rupert Murdoch, left, and former President Donald Trump, right, in a composite image.
Rupert Murdoch, left, and former President Donald Trump, right, in a composite image.

Getty Images

How child-free 'Disney adults' are transforming the company's theme parks as Disney pours $60 billion into the division

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Two Gen Z individuals-- one a women in a bright green dress holding a large Louis Vuitton bag and the other a young man sporting cargo pants and a baggy purple shirt---take a selfie with a Mickey Mouse character at Disney World in Orlando. In the background on the right side of the image, a small child holding their father's hand looks upward at the two individuals with fascination.

How NIL deals and brand sponsorships are helping college athletes make money

Tech Insider : Sports
College Football

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You haven't been paying a fair price for your streaming services. Warner Bros. Discovery CFO says: 'I think that's in the process of being corrected'

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Gunnar Wiedenfels
Gunnar Wiedenfels, the CFO of Warner Bros. Discovery, said that "quality content has been given away."

Warner Bros. Discovery

Russell Brand can no longer make money on YouTube following sexual assault accusations from 4 women

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Russell Brand leaves a London theatre after a comedy performance.
Russell Brand has been dropped by his agency and can no longer monetize his YouTube channels following sexual assault claims.

James Manning/PA via AP

An artist who turned in two blank canvases titled 'Take the Money and Run' has now been told to repay $75,000

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Empty canvases displayed at the Kunsten Museum
An artist who turned in empty frames titled 'Take the Money and Run' has been ordered to pay back $75,000.

Kunsten Museum

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