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Zenger
Adam Eckert

Rupert Murdoch, Media Mogul, To Step Down As Chairman Of Fox And News Corp

Rupert Murdoch Lachlan Murdoch News Corp Fox Victoria Jones London New York Post
Rupert Murdoch at his annual party at Spencer House, St James' Place in London. Murdoch is expected to step down at a shareholder meeting in November as his son, Lachlan, will take over the family empire. (VICTORIA JONES/GETTY IMAGES)

Rupert Murdoch will step down as chairman of Fox Corp (NASDAQ: FOXA) and News Corp (NASDAQ: NWSA), the media conglomerate announced Thursday. 

Murdoch, 92, will depart from his role as chairman of the board at both Fox and News Corp following a nearly 70-year career. He is set to be appointed as chairman emeritus of each company.

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