Company Website:
http://NewsCorp.com
NEW YORK -- (Business Wire)
Lachlan Murdoch has been named Non-Executive Co-Chairman of News Corp by
the Board of Directors, the company announced today.
“This appointment is a sign of confidence in the growth potential of
News Corp and a recognition of Lachlan’s entrepreneurial leadership and
passion for news, digital media and sport,” said Rupert Murdoch,
Executive Chairman of News Corp. “In this elevated role, Lachlan will
help us lead News Corp forward as we expand our reach and invest in new
technologies and markets around the world. We have many challenges and
opportunities ahead, and Lachlan’s strategic thinking and vast knowledge
of our businesses will enable me as Executive Chairman and the company
as a whole to deliver the best outcomes on behalf of our stockholders,
employees and customers.”
“I’ve had the pleasure of knowing and working with Lachlan for a number
of years, and I’m delighted he’ll be serving in this elevated capacity,”
said Robert Thomson, Chief Executive of News Corp. “Lachlan’s
experience, acumen and enthusiasm will serve us well as we guide News
Corp and its businesses through this era of digital transformation and
global expansion. His early appreciation of the value of REA, the
digital property site that is a jewel in our crown, is an indicator of
his prescience and strategic savvy.”
“I am grateful to the Board of News Corp for this exciting opportunity,
and I’m looking forward to working more closely than ever with my father
as well as Robert Thomson and his team, who have launched the new News
so successfully,” said Lachlan Murdoch. “News Corp today has the energy
and sensibility of a start-up and is at the cutting edge of change in
the media, publishing and education industries, and much more.”
Lachlan Murdoch, age 42, is currently a Director of News Corp and 21st
Century Fox, Executive Chairman of NOVA Entertainment Group, Executive
Chairman of Illyria Pty Ltd, and a Director of Sydney’s Museum of
Contemporary Art. Until recently, he also served as Non-Executive
Chairman of Ten Network Holdings. Under his leadership, NOVA
Entertainment Group became Australia’s number one national FM network.
Prior to founding Illyria in 2005, a successful private investment
company, Lachlan was the Deputy Chief Operating Officer of News
Corporation (now 21st Century Fox), a role in which he was directly
responsible for two thirds of the company’s global revenue, with
specific emphasis on its U.S. television stations group and publishing
assets.
While at the former News Corporation, Lachlan 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 Publisher of the New York Post.
At Fox Television Stations, Lachlan oversaw the company’s 35
owned-and-operated television stations, where he raised the bar on local
news coverage nationwide, increasing the total number of local news
hours across the group to more than 850 per week. At the New
York Post, Lachlan overhauled the tabloid and grew its circulation
by more than 40 percent. During his tenure, the Post became the
nation’s fastest growing newspaper and the seventh largest in the United
States.
About News Corp
News Corp (NASDAQ:NWS)(NASDAQ:NWSA)(ASX:NWS)(ASX:NWSLV) is a global,
diversified media and information services company focused on creating
and distributing authoritative and engaging content to consumers
throughout the world. The company comprises businesses across a range of
media, including: news and information services, cable network
programming in Australia, digital real estate services, book publishing,
digital education, and pay-TV distribution in Australia. Headquartered
in New York, the activities of News Corp are conducted primarily in the
United States, Australia, and the United Kingdom. More information: www.newscorp.com.
This release contains certain “forward-looking statements,” which are
based on management’s views and assumptions regarding future events.These forward-looking statements
speak only as of the date hereof. Actual results and events may differ
materially from these expectations due to factors that are detailed in
our filings with the Securities and Exchange Commission. We do not have
any obligation to publicly update any of these
“forward-looking statements” to reflect subsequent events, circumstances
or otherwise, except as required by law.
Contacts:
News Corp Corporate Communications
Jim Kennedy, 212-416-4064
jkennedy@newscorp.com
@jimkennedy250
or
News
Corp Investor Relations
Michael Florin, 212-416-3363
mflorin@newscorp.com
Source: News Corp
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