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Rupert Murdoch, arguably the most powerful person in media, is calling it quits.
The 92-year-old announced Thursday he would step down as chairman of Fox Corp. and News Corp. in mid-November. His son, Lachlan Murdoch, will become sole chair of News Corp. and continue as executive chair and CEO of Fox Corporation.
Rupert Murdoch will become chairman emeritus at both companies.
"I congratulate my father on his remarkable 70-year career,â said Lachlan Murdoch in a statement. âWe thank ...
>>> Read more: Rupert Murdoch is retiring as chairman of Fox and News Corp. at 92 years old
The 92-year-old announced Thursday he would step down as chairman of Fox Corp. and News Corp. in mid-November. His son, Lachlan Murdoch, will become sole chair of News Corp. and continue as executive chair and CEO of Fox Corporation.
Rupert Murdoch will become chairman emeritus at both companies.
"I congratulate my father on his remarkable 70-year career,â said Lachlan Murdoch in a statement. âWe thank ...
>>> Read more: Rupert Murdoch is retiring as chairman of Fox and News Corp. at 92 years old
