Afternoon Update: Ita Buttrose to step down as ABC chair; Mark Latham quits One Nation; and Lachlan Murdoch pays $1.3m

ABC chair Ita Buttrose will not be seeking a second term as chair once her current one expires in March 2024. Composite: Getty Images

It is another afternoon of big names making news.

Ita Buttrose will not seek a second term as chair of the ABC when her role ends in March next year, Mark Latham quit One Nation to sit as an independent in the New South Wales parliament, and Fox Corporation chief Lachlan Murdoch paid Crikey $1.3m in legal costs over a dropped defamation suit.