Murdoch, of course, controls the company through a family trust. CFO Steve Tomsic also inked a deal extension.

Fox Corp.’s board of directors has extended the contract of CEO Lachlan Murdoch through 2030 and also given him a raise in the form of a higher annual bonus and equity award. Starting July 1, according to an SEC filing Thursday,

Lachlan Murdoch has worked wonders on Fox Corporation’s stock price over the last two years and tidied up his family’s messy ownership of the media empire. Now with one big, pricey deal, he’s written a shocking plot twist into the investment narrative.

Lachlan Murdoch will stay on as chief executive officer of Fox Corp. through 2030 in a new contract extension. Fox disclosed the contract details in a securities filing Thursday. Chief Financial Officer Steve Tomsic will remain in his role through 2030.

Add Yahoo as a preferred source to see more of our stories on Google. New head honcho Lachlan is ‘the eldest boy!’ as Kendall claimed to be, but he’s temperamentally much more like Roman (Sky, Getty) Breaking news: Succession season five has just dropped

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 ...

Rupert Murdoch solidified succession plans for his media empire by naming his oldest son Lachlan as his replacement for chairman of the boards of News Corp. and Fox News, a move no one would have expected 18 years ago when the younger Murdoch stomped off ...

Add Yahoo as a preferred source to see more of our stories on Google. 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 ...

For almost 10 years Lachlan Murdoch, Rupert Murdoch's 42-year-old son, has been the wayfarer child, searching for his place in the world and turning a cold shoulder to his father's beseeching that he return home. Father and son, locked in a war of wills ...