The big, wrinkly brain at the head of the massive conservative News Corp media conglomerate, Rupert Murdoch, announced he’s finally stepping down Thursday.
Media mogul Rupert Murdoch announced he is stepping down as chairman of News Corp. and Fox in a memo to staff on Thursday. He will officially retire in November and will pass the torch to his son, Lachlan Murdoch, who will also remain as CEO and executive chairman of Fox Corporation.