The 92-year-old announced the decision in a letter to colleagues on Thursday.
Stepping down
FILE PHOTO: Rupert Murdoch attends the 2019 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts on February 24, 2019 in Beverly Hills, California. He has announced he is stepping down as chairman of Fox Corp. and Fox News. Rupert Murdoch is stepping down as the chair of Fox and News Corps,
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