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Al Jazeera
Al Jazeera
Business

Rupert Murdoch steps down as chairman of Fox, News Corp

Rupert Murdoch News Corp Fox Lachlan Murdoch
Rupert Murdoch vowed in a letter to employees that he would remain engaged at Fox [File: Mike Segar/Reuters]

Rupert Murdoch is stepping down as the chairman of Fox Corp and News Corp, ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States.

Murdoch’s son Lachlan will become the sole chairman of News Corp and continue as chairman and CEO of Fox, the companies said in a statement on Thursday.

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