Rupert Murdoch to retire as Fox and News Corp chair, hands leadership to son Lachlan
Lachlan #Lachlan
News Corporation chairman and chief executive Rupert Murdoch and sons, including Lachlan (far left) pose together as they arrive November 7 in Beverly Hills for a gala benefit for the Fulfillment Fund. REUTERS
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, September 21, that Rupert 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 “we are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.”