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Succession: Lachlan takes over from Rupert Murdoch at Fox

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Rupert Murdoch, the media mogul who has steered News Corporation for decades, is now passing the reins to his son, Lachlan Murdoch.

It’s a significant transition that marks a new era for the media giant, with Lachlan poised to lead Fox into an ever-evolving media landscape.

The 92-year-old, one of the world’s most influential media barons, made the announcement in an email to his staff.

“For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles,” he said.

With Rupert Murdoch’s tenure at the helm, Fox Corporation has grown to be a global media powerhouse, encompassing television, film, and digital platforms. Lachlan, who has been a key figure within the company, is well-prepared to continue this legacy of success.

His experience in various leadership roles within the organization, including serving as co-chairman, has positioned him as a natural successor.

Under Lachlan’s leadership, Fox Corporation is expected to focus on digital expansion and adapt to changing consumer preferences. Streaming services, in particular, will be a key area of emphasis, as the company strives to compete with other streaming giants in the market.

Industry moves

This shift towards digital platforms aligns with the broader industry trend, as more viewers opt for online content over traditional cable television.

Lachlan’s vision for Fox also includes further investments in news and sports programming, areas where the company has traditionally excelled. As the media landscape becomes increasingly competitive, maintaining a strong presence in these domains will be crucial.

Mr Murdoch praised Lachlan as a “passionate, principled leader” in a move that solidified him as his successor.

“Our companies are in robust health, as am I. Our opportunities far exceed our commercial challenges,” he told staff.

“We have every reason to be optimistic about the coming years – I certainly am, and plan to be here to participate in them.”

As Rupert Murdoch steps down and Lachlan Murdoch assumes the leadership of Fox Corporation, the media giant is poised for a new chapter.

Lachlan Murdoch congratulated his father on his “remarkable 70-year career”.

“We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted,” Lachlan said.

“We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies.”

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BREAKING: Shots ring out at Trump rally

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Donald Trump was whisked off the stage at a rally in Butler, Pennsylvania after loud noises rang through the crowd.

Trump was showing off a chart of border crossing numbers when bangs started ringing through the crowd. Trump could be seen reaching with his right hand toward his neck. There appeared to be blood on his face.

He quickly ducked behind the riser as agents from his protective detail rushed the stage and screams rang out from the crowd. The bangs continued as agents tended to him on stage.

His motorcade has left the venue.

In a statement, Trump says he is “fine” and says he is being checked at a medical facility.

Donald Trump was safe, the U.S. Secret Service and his campaign said on Saturday after multiple shots rang out at a rally by the Republican presidential candidate in Pennsylvania as video showed Trump grimacing and raising a hand to his right ear.
The former president had just started his speech when gunshots erupted and Trump and other rally attendees hit the deck. Secret Service agents swarmed around him and live video showed blood on the right side of Trump’s face and ear.
 
Trump repeatedly raised his fist in the air, with an American flag visible behind him, as security ushered him away.
“The Secret Service has implemented protective measures and the former president is safe,” a spokesperson for the agency said on X after what it called an incident.
“This is now an active Secret Service investigation and further information will be released when available.”

A map of the site, showing where the alleged gunman was situated compared to Donald Trump.

CNN reported that Trump was injured, but gave no other details. It was not clear how or what injuries he may have sustained.

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NASA astronauts phone home, confident Boeing’s Starliner will return to Earth safely

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Stranded NASA astronauts express confidence in Boeing’s Starliner spacecraft, assuring its capability to safely transport them back to Earth from the International Space Station.

The astronauts, over a video call to NASA, highlighted Starliner’s enhanced safety features and testing protocols as reassuring factors for their safe return.

“I have a real good feeling in my heart that this spacecraft will bring us home, no problem…”, said Sunita “Suni” Williams, one of the stranded NASA astronauts.

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Leaders

Franchising vs. Independent: key differences to choosing the right SMB model

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With latest Australian Federal budget, many SMB’s are weighing their options when selecting a suitable business model.

Franchising provides brand recognition, operational support, and economies of scale but involves ongoing fees.

Independent businesses offer full control and profit retention but face higher costs and regulatory challenges.

For risk and reward, the franchising model reduces risk through established practices and support but involves ongoing fees and profit-sharing with the franchisor.

On the alternative, independent businesses retain full control of profits but face higher risks and responsibilities in managing the business.

Sonia Shwabsky, CEO at Kwik Kopy Australia, joins to share her key insights on SMB’s. #featured

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