The son also rises: Fox stations prosper under the helm of a new generation.(Close-up: Fox station group)

Broadcasting & Cable, October, 2004 by Chunovic, Louis

When Rupert Murdoch put his son in charge of News Corp.'s most crucial corporate division, Wall Street could have gotten nervous. But compiling record profits has a way of reassuring investors, and Lachlan, Rupert's eldest son, who has headed the Fox Television Stations group since 2002, is doing that.

It must be something in the genes.

News Corp. stations are the "single biggest profit generator for News Corp.," says 33-year-old Lachlan Murdoch, who also has a brother and two sisters from his father's second marriage, to Anna Murdoch. "In the past year, we have provided over a billion dollars worth of EBITDA [earnings before interest, income taxes, depreciation and amortization] to News Corp.," the parent corporation.

Wall Street...

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