Rupert Murdoch Steps Down As Chairman Of Fox And News Corp

Rupert Murdoch, the media mogul who built a global empire, has announced that he will be stepping down as the chairman of both Fox Corporation and News Corp. This decision comes as Murdoch’s son, Lachlan Murdoch, takes over as the sole chairman of both companies.

Rupert Murdoch’s departure marks the end of an era in media. For decades, he has been at the helm of some of the world’s most influential media organizations, shaping the way news is delivered and consumed.

Under Rupert Murdoch’s leadership, Fox Corporation and News Corp have become major players in the media industry. Fox Corporation, known for its Fox News network, has been a dominant force in cable news, while News Corp has established itself as a leading publisher with titles like The Wall Street Journal and The Times.

Lachlan Murdoch, Rupert’s eldest son, has been involved in the family business for many years. He has served as the executive chairman of Fox Corporation since 2019 and has played a key role in shaping the company’s strategic direction.

As the new sole chairman of both Fox Corporation and News Corp, Lachlan Murdoch will have the opportunity to further build on his father’s legacy. He will be responsible for charting the future course of these media giants and navigating the ever-changing landscape of the industry.