Murdoch’s son Lachlan will become sole chairman of News Corp and continue as chairman and CEO of Fox, companies say. Rupert Murdoch is stepping down as the chairman of Fox Corp and News Corp, ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States. Murdoch’s son Lachlan will become the sole chairman of News Corp and continue as chairman and CEO of Fox, the companies said in a statement on Thursday. Thursday’s announcement comes just months after Murdoch, 92, scrapped a plan that would have reunited his media empire by merging Fox and News Corp. Rupert Murdoch has been a bold, brilliant, visionary leader whose audacity & tenacity built a magnificently successful global media empire.

Source: Fox News September 21, 2023 13:35 UTC