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Forbes
21 Sep 2023
Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp, the companies announced Thursday, after decades of building the conservative media empire.
Murdoch’s eldest son Lachlan will take over in November.
Murdoch’s eldest son Lachlan will take over when the 92-year-old billionaire exits his roles in November and becomes chairman emeritus, Fox said in a statement.
Murdoch said “the time is right for me to take on different roles,” in a memo sent to employees obtained by CNN, adding that his son will be a “passionate principled leader” of both companies.
This is a breaking story and will be updated.
Rupert Murdoch to Step Down as Chair of Fox and News Corp After Seven-Decade Career (Wall Street Journal)