Media conglom crown up for grabs
Rupert’s son had a shot to run the empire but left the company in 2005. He lives in Australia with his family, and invests in media companies, although there is constant speculation that Rupert has been trying to bring him back into the fold.
Rupert’s daughter created successful U.K. TV production shingle Shine, and sold it to News Corp. this year, setting off speculation that she’ll be given a bigger role in the family business
Rupert’s son and heir apparent, James was recently named deputy chairman of News Corp., a newly created post. His rep took a beating, and maybe will take more of a beating, before the newspaper scandal is resolved.
Wendi Deng Murdoch
Rupert met his third wife when she worked at Star TV in Hong Kong. The China native has an MBA from Yale, and two young daughters with Rupe. She also produced the recently released “Snow Flower and the Secret Fan,” directed by Wayne Wang.
News Corp.’s president and chief operating officer since 2009, Carey is a seasoned and solid manager well liked by Wall Street, and has no taint of scandal. As the issue of family succession continues to stalk the conglom, “Rupert is lucky to have him,” says a former exec.
A News Corp. independent board member since 1996 and co-founder of Silicon Valley venture capital fund Kleiner Perkins Caufield & Byers, Perkins came out strongly and publicly in support of Rupert. As the scandal spread, the stock plunged early last week, creating rumors that independent directors were considering moving Murdoch out of the CEO role.