Rupert Murdoch steps down as chairman of Fox and News Corp.
- Rupert Murdoch steps down as Chairman of Fox and News Corp, stating that "the time is right" for him to take on different roles.
- Murdoch's son, Lachlan Murdoch, will become the sole Chairman of News Corp and continue as the chair and CEO of Fox.
- In a turbulent year for Fox, the company faced a $787.5m settlement after being sued by Dominion, and parted ways with influential TV host Tucker Carlson.
356 Articles
356 Articles
Rupert Murdoch steps down as Fox and News Corp. chairman, sending shockwaves through media and politics
New York (CNN) — Rupert Murdoch, the powerful right-wing media mogul who built and oversaw one of the world’s most influential news empires, announced Thursday that he will step down as chairman of his companies, Fox Corporation and News Corporation. “For my entire professional life, I have been engaged daily with news and ideas, and that will not change,” Murdoch, 92, wrote in a memo to employees. “But the time is right for me to take on differ…
Rupert Murdoch’s surprise exit from Fox leaves son Lachlan in line of succession at media empire
Rupert Murdoch is stepping down as leader of both Fox’s parent company and his News Corp. media holdings. Fox says he will become chairman emeritus of both corporations. His son, Lachlan, will control both companies. The 92-year-old Australian media magnate’s creation of Fox News made him a force in American politics. He built his empire from a single newspaper in Australia. He moved on to England and then to the United States with the invention
Rupert Murdoch’s surprise exit from Fox leaves son Lachlan in line of succession at media empire
NEW YORK — Magnate Rupert Murdoch’s surprise announcement Thursday that he’s stepping down as leader of his two companies leaves his son Lachlan firmly in line of succession at Fox and the rest of the media empire.
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