Rupert Murdoch is stepping down (sort of)

Rupert Murdoch is stepping down (sort of)

Rupert Murdoch last official act as president of Fox was to hand the reins over to his son, Lachlan, at the company’s November 17 shareholder meeting in Los Angeles. The 92-year-old tycoon handed over control of News Corp at the company’s annual meeting earlier in the week. The family holding company controlled by Rupert Murdoch is still the major shareholder of both companies, making it clear that he’s not fading quietly into the background.Seg…