21-9-2023 (LOS ANGELES) Media mogul Rupert Murdoch is set to step down as chairman of the board for both Fox Corp. and News Corp., with the transition expected to take place in November. Upon his departure, the 92-year-old Murdoch will assume the role of chairman emeritus for both companies. His son, Lachlan Murdoch, will take on the position of sole chairman for News Corp while continuing to serve as Fox Corp.’s executive chair and CEO.
In a message to employees, Rupert Murdoch expressed his confidence in the health of their companies and his own well-being. He shared optimism about the future and his determination to remain actively involved. Murdoch also highlighted the intensifying struggle for freedom of speech and thought, emphasizing its significance in today’s world.
