Rupert Murdoch is stepping down from running Fox and News Corp. and is handing the reins to his son Lachlan

Thu, 09/21/2023 - 12:05

lachlan rupert murdoch — Lachlan Murdoch and Rupert Murdoch at Day 10 of the US Open held at the USTA Tennis Center on September 5, 2018 in New York City.
Adrian Edwards/GC Images

Media mogul Rupert Murdoch is stepping down from his role at Fox and News Corp.
His departure will leave his oldest son, Lachlan Murdoch, as the sole chair of News Corp.
Rupert Murdoch said he will transition into the role of Chairman Emeritus at Fox and News.

Rupert Murdoch is stepping down from his role at Fox and News Corp., according to a company statement.

"I'm writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News," Murdoch, 92, wrote in a memo to Fox employees.