Major changes are unlikely right away under Lachlan Murdoch, who’s largely been running things as CEO for a couple of years.

When Murdoch dies, control of the Fox empire will revert to his four adult children, each of whom has an equal say in the business, Wolff said. “That’s when the real new chapter begins,” he said.

Since Lachlan most closely shares his father’s politically conservative views, Wolff predicted that James Murdoch — known as the more liberal sibling – would eventually take control of Fox News, or that it would be sold.

That’s a disappointment.