With new capabilities, Lachlan Murdoch to do things his way at 'new Fox'

The news that July day in 2005 sent shockwaves through corridors of power around the world: the crown prince of the Murdoch empire was out.

Seemingly out of the blue, Lachlan Murdoch, then all of 33, had abdicated as the heir apparent to one of the world’s most powerful media dynasties. His father, Rupert, it seemed, would have to look elsewhere for his successor.

Few might have predicted that now, more than a decade later, the hopes of Rupert Murdoch — and the future of 21st Century Fox Inc — would once again rest on his elder son Lachlan. Few outsiders, in