The most influential media baron of his era shocked the industry with his decision to sell Fox to Disney. Rupert Murdoch was recognized as part of 2018's Variety500 presented by verizondigital
Signaling the end of an era for traditional media, pioneering Australian mogul Murdoch agreed to sell most of his 21st Century Fox empire to Disney in a $71.3 billion deal in December 2017, having handed control to sons James and Lachlan in 2015.
Comcast stepped in to bid up the final price tag. Murdoch will now reconfigure his remaining operations around Fox News, Fox Broadcasting and Fox Sports, with Lachlan at the helm. The industry will clearly be watching to see where the elder Murdoch places his next bets.
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