today is the closest thing we will ever see to Rupert Murdoch retiring he is handing over all the power for the first time in the only time in his career and this does confirm the succession plan that had appeared to be in the works for many years Laughlin Murdoch had clearly been the favored son The Chosen son ever since uh the the you know 2015 2016-2017 son James Murdoch has completely left the companies he hates what Fox News has become so now Lachlan Murdoch will be the sole chair of both Fox and news corporation and of course we should face the facts this is happening as both companies are in a shrinking period they are in a shrinking phase they are trying to grow but like many other media companies they are facing headwinds involving streaming involving digital subscriptions involving the death of newspapers so I supposed to be frank these jobs are not as fun as they were when Rupert Murdoch was the swash buckling media Mogul of the Decades past