Financial TimesFinancial Times

Rupert Murdoch faces dubious investors in bid to reunite empire

By James Fontanella-Khan, Christopher Grimes, Anna Nicolaou

19 Oct 2022 · 6 min read

Editor's Note

There has been a schism in Murdoch's media empire for a decade, between News Corp and Fox. The 91 year-old wants to keep things in the family but investors see Fox as a toxic asset.

Rupert Murdoch, at age 91, appears to finally be putting the pieces in place for his succession. The billionaire has asked the boards of News Corp and Fox to consider combining forces after nearly a decade apart, stitching back together the remains of his empire.

But investors are sceptical of the strategic rationale behind reuniting the companies, with some shareholders deriding the move as “family drama” and longtime Murdoch-watchers scratching their heads over the wider agenda.

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