Now Reading
Rupert Murdoch Steps Down from Fox News and News Corp., Son Lachlan Takes Over

Rupert Murdoch Steps Down from Fox News and News Corp., Son Lachlan Takes Over

Rupert Murdoch, the media mogul who built a global empire that includes Fox News and News Corp., is stepping down as chairman of both companies. His son, Lachlan Murdoch, will take over, the companies announced on Thursday.

Rupert Murdoch is 92 years old and has been involved in the media business for over 70 years. He is known for his conservative political views and his aggressive business tactics. He has been credited with revolutionizing the media industry, but he has also been criticized for his influence on politics and his role in spreading misinformation.

Lachlan Murdoch, 52, has been involved in the family media business since he was a teenager. He served as CEO of Fox from 2015 to 2020 and has been chairman of News Corp since 2019. He is seen as a more moderate conservative than his father.

In a statement, Rupert Murdoch said that he was stepping down to spend more time with his family and to focus on his philanthropy. He said that he was “confident that Lachlan will do a great job” as chairman of both companies.

See Also

Lachlan Murdoch said in a statement that he was ” honored to succeed my father as chairman of Fox News and News Corp.” He said that he was committed to ” upholding the values and traditions of these great companies” and to “leading them into the future.”

Rupert Murdoch’s departure is the end of an era for Fox News and News Corp. It is unclear how Lachlan Murdoch will lead the companies differently than his father. However, it is likely that he will focus on expanding the companies’ digital reach and on developing new business models.

View Comments (0)

Leave a Reply

Your email address will not be published.

© 2022 Varys Hollywood. All Rights Reserved.

Scroll To Top