Rupert Murdoch is stepping down from his position as Fox Corporation chairman and News Corp executive chairman, and his son, Lachlan Murdoch, will take over as sole chairman of both companies, the 92-year-old media mogul said Thursday.
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The longshoreman turned homespun philosopher Eric Hoffer is semi-forgotten today. But his book The True Believer (1951) is full of pertinent aperçus. One that has recurred to me often of late is the observation that “Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.”
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According to a Monday afternoon report, the billionaire head of Fox Corp., Rupert Murdoch, was directly responsible for firing Tucker Carlson, after the cable news network abruptly announced that it had parted ways with its most popular host. Citing sources “familiar with the situation who were not authorized to comment publicly,” The Los Angeles Times said that Murdoch himself made the decision to fire Carlson, along with some input from the Fox Corp. board of directors.
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