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Meet Lachlan Murdoch, soon to be the new power behind Fox News and the Murdoch empire
FILE - Lachlan Murdoch appears at the Vanity Fair Oscar Party in Beverly Hills, Calif., on Feb. 9, 2020. Rupert Murdoch is stepping down at Fox and News Corp, son Lachlan will take over as chairman of both companies. For Lachlan Murdoch, this has been a long time coming — assuming, that is, his moment has actually arrived. On Thursday, his father Rupert Murdoch announced that he’s stepping down as the head of his two media companies — News Corp. and Fox Corp. -- as of November. (Photo by Evan Agostini/Invision/AP, File) · Associated Press Finance · Evan Agostini/Invision/AP

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For Lachlan Murdoch, this moment has been a long time coming. Assuming, of course, that his moment has actually arrived.

On Thursday, his father Rupert Murdoch announced that in November he'll step down as the head of his two media companies: News Corp. and Fox Corp. Lachlan will become the chair of News Corp. while remaining chief executive and chair at Fox Corp., the parent of Fox News Channel.

The changes make Rupert's eldest son the undisputed leader of the media empire his father built over decades. There's no real sign that his siblings and former rivals James and Elisabeth contested him for the top job; James in particular has distanced himself from the company and his father's politics for several years. But Rupert, now 92, has long had a penchant for building up his oldest children only to later undermine them — and sometimes to set them against one another — often flipping the table without notice.

Given Rupert Murdoch's advanced age, this might be his last power move. But there's a reason the HBO drama “ Succession ” was often interpreted as a thinly disguised and dark satire of his family business. In Murdoch World, as in the fictional world of the Roy family, seemingly sure things can go sideways in an instant, particularly when unexpected opportunities arise.

Lachlan Murdoch has lived that first hand. Born in London, he grew up in New York City and attended Princeton, where he focused not on business, but philosophy. His bachelor's thesis, titled “A Study of Freedom and Morality in Kant's Practical Philosophy,” addressed those weighty topics alongside passages of Hindu scripture. The thesis closed on a line from the Bhagavad Gita referencing “the infinite spirit” and “the pure calm of infinity,” according to a 2019 article in The Intercept.

Béatrice Longuenesse, Lachlan's thesis advisor at Princeton, confirmed the accuracy of that report via email.

After graduation, though, Lachlan plunged headlong into his father's business, moving to Australia to work for the Murdoch newspapers that were once the core of News Corp.'s business. Many assumed he was being groomed for higher things at News Corp., and they were not wrong. Within just a few years, Lachlan was deputy CEO of the News Corp. holding company for its Australian properties; shortly thereafter, he took an executive position at News Corp. itself and was soon running the company's television stations and print publishing operations.

Lachlan's ascent came to an abrupt halt in 2005, when he resigned from News Corp. with no public explanation. According to Paddy Manning, an Australian journalist who last year published a biography of Lachlan Murdoch, the core problem involved two relatively minor issues on which Lachlan disagreed with Roger Ailes, who then ran Fox News.