Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings. Son Lachlan will become News Corp. chairman and continue as chief executive officer of Fox Corp.NEW YORK -- Rupert Murdoch, the 92-year-old Australian media magnate whose creation of Fox News made him a force in American politics, is stepping down as leader of both Fox's parent company and his News Corp. media holdings. Fox said Thursday that Murdoch would become chairman emeritus of both companies, effective at board meetings in November. Besides Fox News, Murdoch started the Fox broadcast network, the first to successfully challenge the Big Three of ABC, CBS and NBC, with shows like "The Simpsons." While Murdoch never ran for political office, politicians in the United States and Britain anxiously sought his approval.

Source: Fox News September 21, 2023 16:01 UTC