End of an era: Media Titan Rupert Murdoch steps down
By Pragadish Kirubakaran in Media News on Friday, 22nd September 2023 at 5:03pmRupert Murdoch has declared he is stepping down as chairman of News Corp and co-chair of Fox Corporation at 92. Murdoch's eldest son, Lachlan Murdoch, 52, will assume the role as the sole chair of News Corp and will continue as executive chair and CEO of Fox Corporation, The Australian reported.
This change will be effective from November when the companies have their annual meetings. Rupert Murdoch will be designated Chairman Emeritus of each company.
Murdoch commented on the transition, stating the companies are in “robust health” and expressed optimism about the future.
“For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles, knowing that we have truly talented teams and a...
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