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BREAKINGBREAKING,
Murdoch’s son Lachlan will become sole chairman of News Corp and continue as chair 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 chair and CEO of Fox, the companies said in a statement on Thursday.
“On behalf of the FOX and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career,” Lachlan Murdoch said.
Murdoch, who has near-controlling stakes in both companies, will be appointed chairman emeritus when his resignation comes into force at a November shareholders’ general meeting.
This is a breaking story. More to follow.
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