Lachlan Murdoch

During his time as an executive at News Corp, Murdoch was the deputy chief operating officer of News Corporation, now 21st Century Fox.

He had oversight of HarperCollins and the company's lines of business in Australia, including REA.

He also served on the board of Foxtel and as chairman of Fox Television stations and was the publisher of the New York Post.

Lachlan Keith Murdoch (born 8 September 1971) is an Australian businessman and mass media heir.

He is the executive chairman of Nova Entertainment, chairman of News Corp, executive chairman and CEO of Fox Corporation, and the founder of Australian investment company Illyria Pty Ltd.

Murdoch was born on 8 September 1971 at Wimbledon Hospital in Wimbledon, London, the eldest son of Australian-born American media mogul Rupert Murdoch, and his former wife, Scottish journalist and author Anna Maria dePeyster (née Torv; formerly Murdoch).

He was raised in New York City where his father owned the New York Post.

He received his primary and secondary education at the Aspen Country Day School in Aspen, Colorado, Trinity School in New York City, and at Phillips Academy in Andover, Massachusetts.

In 1989, Rupert Murdoch brought Lachlan Murdoch, then 18 years old, to Australia while on business, to have Lachlan trained for three months at the Daily Mirror.

At the age of 22, Murdoch was appointed general manager of Queensland Newspapers, the publisher of Brisbane's Courier-Mail.

One year later, he became publisher of Australia's first national paper, The Australian.

In 1994, he graduated with a bachelor's degree in philosophy from Princeton University.

While at Princeton, he studied philosophy with Béatrice Longuenesse and Alan Hajek.

In 1995, he was appointed deputy CEO of News Limited, executive director of News Corporation in 1996, deputy chief operating officer in 2000; he was made senior executive vice president from 1999 to 2000, and has been chairman of STAR since 1995.

Encouraged to invest in One.Tel by his friend Australian businessman James Packer, the son of television network owner Kerry Packer, Murdoch was extensively criticised for encouraging News Corporation's multi-hundred million-dollar investment in the start-up telecommunications company.

The company later emerged as Australia's market leader in online real estate advertising, and in 2014 was assessed as worth more than $3.6 billion to News Corp. With a personal interest in Australian rugby league, on 30 March 1995 Murdoch was at the first Super League meeting in the Atanaskovic Hartnell offices in Sydney.

He and former Brisbane Broncos chief John Ribot signed up leading Canterbury-Bankstown Bulldogs players on documents which were not legally effective.

Murdoch was the Broncos' number one ticket holder.

He was appointed to the News Corp board in 1996.

On leaving News Corp with a two-year non-compete agreement, Murdoch founded an Australian private investment company, Illyria Pty Ltd., and developed an eclectic mix of investments, with stakes in the Indian Premier League (IPL) cricket team Rajasthan Royals, online DVD rental company Quickflix, toy marketer Funtastic and digital media company Destra.

For the year 2001, Murdoch earned a salary of A$2.59 million.

In June 2005, Murdoch received the Press & Outdoor Advertising "media person of the year" award in Cannes.

Murdoch is one of the founding patrons (along with Anthony Pratt, Peter Lowy and Lisa Fox) of an organisation called "Advance", formerly known as the Young Australian Professionals in America.

In July 2005, the 33-year-old Murdoch abruptly resigned as an executive at the News Corp. The unexplained departure apparently dashed News Corp. Chief executive Rupert Murdoch's hopes that his son would one day take over as CEO of the global media empire, which then included the Twentieth Century Fox movie studio, now a subsidiary of Disney Studios; and includes the Fox television network, several satellite broadcasters, and newspapers in Britain, Australia, and the United States.

Roger Ailes, the chairman of Fox News Channel, was named chairman of News Corp's group of television stations to succeed Murdoch junior.

Media speculated that his brother, James Murdoch, then chief executive of UK satellite TV company BSkyB, may succeed Rupert Murdoch.

Packer eventually decided to sell down his stake in media companies in a series of transactions between 2006 and 2008, and the deal with Murdoch collapsed.

On 21 January 2008, Murdoch and James Packer announced that their companies, Illyria and Consolidated Press Holdings would seek to privatise the publicly-listed Consolidated Media Holdings.

It was expected that the proposed A$3.3 billion deal would deliver Murdoch and Packer with private stakes in Foxtel, Fox Sports, Universal Media Firm, LLC and PBL Media, with the latter owning the Nine Network and ACP Magazines.

In November 2009, Murdoch acquired 50% of Nova Entertainment via Illyria and he became chairman.

In 2010, Packer purchased an 18% stake in Network Ten, quickly offloading half to Murdoch.

Both Packer and Murdoch joined the Ten board.

In February 2011, Murdoch was appointed acting CEO of Ten Network Holdings after the company's board terminated the contract of CEO Grant Blackley.

The following month Packer unexpectedly resigned from the board.

In September 2012 Illyria acquired the balance of shares it did not own.

In February 2012, the Ten board appointed Murdoch non-executive chairman of Ten Network Holdings.

Although Ten was already in some financial difficulties before Murdoch became CEO, by late 2012, on paper Illyria had lost A$110 million of the original A$150 million invested since 2010.

In April 2014, Murdoch and Packer agreed to an A$40 million settlement over the failure of One.Tel.

The settlement was approved by the Supreme Court of New South Wales on 17 April 2014, with A$14.93 million to be paid by the Packer family's Consolidated Press Holdings, A$11.77 million to be paid by Packer's Crown Resorts and A$13.3 million to be paid by News Corp.

Murdoch led an initial $10.75 million investment, of which only $2.25 million was in cash, in REA Group, and subsequently championed the retention of the investment over the objections of those who wished to sell it.