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January 22, 2010

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

Prince Alwaleed bin Talal, a member of the Saudi Arabian royal family, has publicly backed James Murdoch to succeed Rupert Murdoch at News Corp when Rupert finally decides to step aside.

In an interview with on an American talk show Alwaleed said: "If he doesn't appoint him I will be the first one to nominate him to be the successor of Mr Rupert Murdoch, God forbid if something should happen to him.

December 10, 2009

Lachlan Murdoch, the eldest son of media tycoon Rupert Murdoch, sold his remaining non-voting shares in News Corp this week.

Lachlan Murdoch, the eldest son of media tycoon Rupert Murdoch, sold his remaining non-voting shares in News Corp this week.
 
According to a filing made on Tuesday with the Securities and Exchange Commission in the US, Lachlan's trust sold 2.3 million Class A News Corp shares for $28.3 million. This sale follows a similar one last week that saw Lachlan (pictured) sell another 2.3 million shares.
 

November 10, 2009

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.
 
In an interview with Sky News Australia, Murdoch said: "I am sure one of them will emerge. It would be nice, every parent wants to see that." The family is in control of 40% of the voting rights for the business and, according to Murdoch, has regular succession meetings.
 

September 16, 2008

Lachlan Murdoch is believed to be eyeing up investment opportunities in Indonesia, according to reports that the son of media magnate Rupert Murdoch has met with Indonesian tycoon James Riady.

Lachlan Murdoch (pictured) is believed to be eyeing up investment opportunities in Indonesia, according to reports that the son of media magnate Rupert Murdoch has met with Indonesian tycoon James Riady.

Marshall Cooper, a commissioner at First Media, an internet company owned by the Riady family, confirmed that Murdoch was in Jakarta last week visiting a number of the Riady family’s real estate projects, as well as its newspaper in Jakarta.

He said there had been no discussions about any specific investments between Riady and Murdoch.

April 8, 2008

A joint venture led by two next generation members of Australia’s most powerful families has ended after only two months.

A joint venture led by two next generation members of Australia's most powerful families has ended after only two months. Lachlan Murdoch, son of News Corp chief Rupert, has written to Consolidated Media Holdings stating that the deal he was pursuing with CMH executive deputy chairman James Packer (pictured) to purchase the firm is off.

The letter from Murdoch stated that they are "not in a position to proceed with the Indicative Proposal due to material changes in the overall transaction terms. Accordingly, the Indicative Proposal has been withdrawn."

March 1, 2008

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

Dennis Jaffe is a founding partner of Relative Solutions.

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

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