Lachlan Murdoch Takes Over Father's Media Empire as Competitors Chip Away Fox News' Dominance

Rupert Murdoch stepped down as chairman of News Corp and Fox Corp, appointing eldest son Lachlan as successor.
Actor Brian Cox, who portrays a fictionalized Murdoch in "Succession," weighed in jokingly on the move and criticized Murdoch's notion of "freedom."
Right-wing outlets like Newsmax are attracting Fox News' demographic with more extreme, conspiratorial programming.
Michael Wolff's new book chronicles the decline of Fox News in the post-Roger Ailes era as leadership flounders.
Questions surround Lachlan Murdoch's strategy as CEO and chairman to maintain Fox News' influence amid shifting media dynamics.