Rupert Murdoch stepping down as head of News Corp. and Fox Corp.

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Rupert Murdoch stepping down as head of News Corp. and Fox Corp.
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His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp.

Rupert Murdoch, chairman of News Corp and co-chairman of 21st Century Fox, arrives at the Sun Valley Resort of the annual Allen & Company Sun Valley Conference, July 10, 2018 in Sun Valley, Idaho. NEW YORK — Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox’s parent company and his News Corp. media holdings.

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Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.NEW YORK (AP) — Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings. Fox said in an announcement on Thursday that Murdoch would become chairman emeritus of both companies. His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp. Lachlan Murdoch said that “we are grateful that he will serve as chairman emeritus and know he will continue to provide
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