Fox News.Trump wins.

By John Ellis

I don’t believe for one minute that Rupert Murdoch has “retired.” I don’t believe he will be “stepping back” from guiding both Fox Corporation and Newscorp. As one of his top lieutenants put it, years ago, “the day Rupert draws his last breath will be the day he’s no longer in charge.”

Most of this week’s breathless press coverage of Mr. Murdoch’s retirement revolved around the question of his stepping back; what that will mean in the short term and what will happen to the enterprise(s) when Murdoch takes his last breath. Inevitably, the HBO series Succession was invoked to embellish matters.

Curiously, the political story of Murdoch’s retirement received little mention. But that embedded story tells a larger story, which is this: Trump won.