Ructions in Rupert's camp

You might have heard that Rupert Murdoch's eldest son Lachlan quit as NewsCorp's deputy chief operating officer (though he'll retain a seat on the board). Rupert, 74, is said to be "saddened" by his son's decision. Yeah fine, but what's really going on? Now the media (well, those media not controlled by Murdoch at any rate) are buzzing about serious rifts between the leading members of the Murdoch clan; Lachlan is said to have "chafed" under his father's domineering style. And there are apparent rifts over the potential divvying up of family spoils, which would include Rupert's third wife and their two toddler children. Many might think that this leaves the door open for Rupe's second son, James (head of BSkyB), to take over, though the Wall Street Journal notes that, at least for the short term, News Corp. President and Chief Operating Officer Peter Chernin might be best placed to take the top spot should the elder Mr. Murdoch step down. And rumors continue that News Corp could become the target of a takeover bid by Liberty Media Corp., controlled by "media titan" John Malone.