Rupert Murdoch steps down as chairman of Fox, News Corp
RUPERT Murdoch has stepped down as the chairman of Fox Corp and News Corp, ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States.
His son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday (Sep 21).
The news comes just months after Murdoch, 92, scrapped a plan that would have reunited his media empire by merging Fox and News Corp.
Murdoch, who has near-controlling stakes in both the companies, will be appointed chairman emeritus of both the companies. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
What role can Japan play in Asean’s future?
From folding clothes to factory work: Why China is sending humanoid robots to school
