How Rupert Murdoch's Son Became Art Basel's Savior
Earlier this summer, rumors emerged that a member of the Murdoch media dynasty—most (in)famous for building the far-right Fox News—may be sniffing around a major investment in the MCH Group, the financially beleaguered parent company of mega-fair Art Basel. Initial fears that the interested party was ultra-conservative family patriarch Rupert Murdoch soon gave way to official news that it was instead his son James, a billionaire in his own right who has been referred to as "the smart one in the clan."
The media scion's interest represented a lifeline for the MCH Group, which had been battered…
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