Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.
Sep 21, 2023, 6:41 AM | Updated: 6:42 am
FILE - Rupert Murdoch attends the WSJ. Magazine 2017 Innovator Awards at The Museum of Modern Art in New York on Nov. 1, 2017. The media magnate is stepping down as chairman of News Corp. and Fox Corp., the companies that he built into forces over the last 50 years. He will become chairman emeritus of both corporations, the company announced on Thursday. His son, Lachlan, will control both companies. (Photo by Evan Agostini/Invision/AP, File)
Credit: Evan Agostini/Invision/AP
(Photo by Evan Agostini/Invision/AP, File)
NEW YORK (AP) — 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.
Fox said in an announcement on Thursday that Murdoch would become chairman emeritus of both companies. His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp.
Lachlan Murdoch said that “we are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.”
