Media Mogul Rupert Murdoch Steps Down As Chairman of Fox Group

New York: Media Mogul Rupert Murdoch has stepped down as the Chairman of the Fox and News Corporation and has transitioned to ‘Chairman Emeritus’ of the expansive media empire he built from scratch, starting from a small-time newspaper in Australia around 70 years ago.

Rupert Murdoch announced his retirement from the Fox and News Corporation Boards in a post on X.

“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News. For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies,” Murdoch said in a note to employees as he announced his retirement.

Citing people in the know of the situation, New York Times reported that, Rupert Murdoch will now lead the two businesses as chairman emeritus, the New York Times reported.