Rupert Murdoch's Grip on Power Put to the Test in Fox Upheaval
- Founder gradually handing control to Lachlan, James Murdoch
- Bill Gates provides model for how to step back: Yale professor
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The eighth floor at 1211 Avenue of the Americas in Manhattan is where 21st Century Fox Inc.’s top executives sit, which is why it’s all the more significant that Rupert Murdoch is spending so much time six floors below.
The 86-year-old media mogul moved to the second floor and into the office vacated when Fox News chief Roger Ailes was ousted last July. Last week, Murdoch gathered staff to reveal plans for adding reporters and physically making over the newsroom, spending millions to install an open floor plan with giant data screens and a TV studio. In a statement, Murdoch described the investment in personal terms, calling it “a sign of my unwavering confidence” in Fox News.