Rupert Murdoch, the powerful and controversial mogul who helped transform the modern media landscape over seven decades, is stepping down as chairman of his two family-controlled companies Fox Corp. and News Corp.
Murdoch, 92, who will be succeeded by his son Lachlan, who announced his decision in a to a note sent to employees Thursday.
“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News,” the mogul said. “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles,” Murdoch wrote.
This is a developing story that will be updated.
Rupert Murdoch, the powerful and controversial mogul who helped transform the modern media landscape over seven decades, is stepping down as chairman of his two family-controlled companies Fox Corp. and News Corp.
Murdoch, 92, who will be succeeded by his son Lachlan, who announced his decision in a to a note sent to employees Thursday.
“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News,” the mogul said. “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles,” Murdoch wrote.
This is a developing story that will be updated.
Rupert Murdoch, the powerful and controversial mogul who helped transform the modern media landscape over seven decades, is stepping down as chairman of his two family-controlled companies Fox Corp. and News Corp.
Murdoch, 92, who will be succeeded by his son Lachlan, who announced his decision in a to a note sent to employees Thursday.
“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News,” the mogul said. “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles,” Murdoch wrote.
This is a developing story that will be updated.
Rupert Murdoch, the powerful and controversial mogul who helped transform the modern media landscape over seven decades, is stepping down as chairman of his two family-controlled companies Fox Corp. and News Corp.
Murdoch, 92, who will be succeeded by his son Lachlan, who announced his decision in a to a note sent to employees Thursday.
“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News,” the mogul said. “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles,” Murdoch wrote.
This is a developing story that will be updated.
