Rupert Murdoch is stepping down from his role at Fox and News Corp., according to a company statement.
“I’m writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News,” Murdoch, 92, wrote in a memo to Fox employees.
“For my entire professional life, I have been engaged daily with news and ideas, and that will not change,” Murdoch wrote. “But the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies.
His departure will leave his oldest son Lachlan Murdoch sole chair of News Corp. while continuing as executive chair and CEO of Fox Corp.
Australian-born Murdoch built a global media empire and his Fox News shaped American media and politics, particularly the Trump presidency.
This story is developing. Please check back for updates.
Rupert Murdoch is stepping down from his role at Fox and News Corp., according to a company statement.
“I’m writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News,” Murdoch, 92, wrote in a memo to Fox employees.
“For my entire professional life, I have been engaged daily with news and ideas, and that will not change,” Murdoch wrote. “But the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies.
His departure will leave his oldest son Lachlan Murdoch sole chair of News Corp. while continuing as executive chair and CEO of Fox Corp.
Australian-born Murdoch built a global media empire and his Fox News shaped American media and politics, particularly the Trump presidency.
This story is developing. Please check back for updates.
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