Rupert Murdoch has long been more than simply an uber-wealthy media magnate. As the owner of influential outlets like Fox News and a global stable of newspapers, he has helped put presidents in the White House. And, in Canberra, take prime ministers out of parliament house.

So what will happen now - to both the media, and to politicians - now that Murdoch has stepped down from his role leading both News Corp and Fox Corporation? And his son, Lachlan Murdoch, has taken over? Today, senior correspondent Anne Hyland on Fox’s future under Lachlan.