The possibility that Rupert Murdoch would choose to close a 168-year-old newspaper, a profitable one at that, is nil. It’s just that the man at the top, who once called all the shots himself, isn’t alone anymore.
News Corp is a family-run company—and, more and more, a family imbroglio.
Some of the intrigue:
Rupert has ceded substantial power to his son James, who made the decision to close the News of the World. While James’ power is part of a calculated succession plan, he also has his own leverage: he’s his father’s closest family ally in accommodating Wendi—the patriarch’s divisive third wife.