At the age of 82, as Breaking News begins, Rupert Murdoch is divorcing his third wife Wendi Deng and gearing up for the toughest challenge of his life: to hand his empire on to his children. But some are forecasting the end of the Murdoch dynasty. Lachlan doesn't want to succeed him. James is in disgrace. And Elisabeth is t a serious contender. His grip on the group has also been weakened by scandal. His British tabloids have been caught hacking phones and bribing officials on an industrial scale. At least twenty journalists will soon face trial for hacking and corruption and could be jailed. But Rupert thrives on crisis. He has recently split News Corp in two, doubled his fortune to US$9 billion, and is bouncing around like a man in his prime. So can he win this one last battle, hold onto the empire, and keep it all in the family?
Paul Barry is the author of The Rise and Fall of Alan Bond, The Rise and Rise of Kerry Packer, Going for Broke: How Bond Got Away with it, Rich Kids: How the Murdochs and Packers Lost $950 Million in One.Tel and Who Wants to be a Billionaire?: The James Packer Story.