At age 92, media mogul Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp but will stay on in the role of chairman emeritus, presumably to help guide his eldest son Lachlan as the new head of the firm.
In many ways, the news was inevitable. The company is clearly planning its succession and how it manages Rupert’s decline. It has one eye on the market and one on ensuring the company maintains its direction.
But why now, and where to from here for the company? And what will Rupert Murdoch be remembered for?
