Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp., Fox has announced.

His son, Lachlan Murdoch, will become the chair of News Corp. and continue as executive chair and chief executive officer of Fox Corporation.

<em>This is a developing story. Please check back for updates.</em>

Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp., Fox has announced.{ai:summary}<p>Rupert Murdoch resigns as chairman of Fox and News Corp. Son, Lachlan Murdoch, to take over. #media</p>

Rupert Murdoch stepping down as chairman from Fox, News Corp.

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