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Chicago Sun-Times
Chicago Sun-Times
National
David Bauder | AP

Rupert Murdoch, the creator of Fox News, is stepping down as head of News Corp. and Fox Corp.

Rupert Murdoch Fox Lachlan Murdoch Fox News News Corp Fox Corp CBS NBC
Rupert Murdoch at the WSJ. Magazine 2017 Innovator Awards at The Museum of Modern Art in New York. The media magnate is stepping down as chairman of News Corp. and Fox Corp. (Evan Agostini/AP)

NEW YORK — Rupert Murdoch, the 92-year-old Australian media magnate whose creation of Fox News made him a force in American politics, is stepping down as leader of both Fox’s parent company and his News Corp. media holdings.

Fox said Thursday that Murdoch would become chairman emeritus of both companies, effective at board meetings in November. His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp.

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