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Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.
Rupert Murdoch attends the WSJ. Magazine 2017 Innovator Awards at The Museum of Modern Art in New York on Nov. 1, 2017. (Photo by Evan Agostini/Invision/AP, File)
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 says in an announcement 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 says “We are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.”
