NWS ASX: Lachlan Murdoch returns to executives on the edge

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The media mogul returns to Australia with global CEO Robert Thomson, grappling with another News Corp restructure.

Few things are guaranteed to spook the troops like the big bosses showing up in the building. Particularly if they’re already packing it.Murdoch finished up meeting advertisers and delivering Fox Corporation’s results in New York last week. And sources tell us the scion has made his way back to his southern hemisphere home.There’s still Lachlan, who must be looking forward to relaxing into a sunny autumn in Bellevue Hill, prepping the water toys for a harbour spin.

The proposal is to apparently divide the media company into three divisions: cleaving new reporting lines down so-called “fast and free” ; “premium communities” ; and “prestige” . Now within the public broadcaster, Williams may even crack his little smirk. History within the news business doesn’t repeat, but it does seem to rhyme.is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent.

 

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