Rupert Murdoch Steps Down as Chairman of News Corp and Fox Corp
Rupert Murdoch is stepping down as Chairman of News Corp and Fox Corp. The news comes as the 92-year-old’s empire, which includes Fox News, gears up for the 2024 election. Earlier this year, Fox paid $787.5 million to settle defamation claims by voting tech company Rupert Murdoch steps down as Chairman of Fox and News Corp. Rupert Murdoch is stepping down as Chairman of the board of both Fox Corp. and News Corp., the companies said on Thursday. The move will be official in November. Murdoch, 92, will be appointed chairman emeritus of each company. Lachlan Murdoch, one of his sons, will become the sole Chairman of News Corp and continue as Fox Corp.’s executive chair and CEO. “Our companies are in robust health, as am I,” the elder Murdoch said in a note to employees. “We have every reason to be optimistic about the coming years – I certainly am, and plan to be here to participate in them. But the battle for the freedom of speech and, ultimately, the freedom of thought,...