REUTERS/Lucas Jackson
- Rupert Murdoch said Thursday he's stepping down as chair of Fox and News Corp.
- Murdoch will exit his role in November. His eldest son, Lachlan Murdoch, will be his successor.
- In a memo to staff, Murdoch wrote, "Our companies are in robust health, as am I."
Media mogul Rupert Murdoch announced he is stepping down from his role as chairman at News Corp. and Fox on Thursday.