Rupert Murdoch is stepping down as chairman of the board of both Fox Corp. and News Corp., the company announced on Thursday. The move will be official in November. Murdoch, 92, will be appointed chairman emeritus of each company. Lachlan Murdoch, one of his sons, will become sole chairman of News Corp and will continue as Fox Corp.’s executive chair and CEO.

Rupert Murdoch to Step Down as Chairman of Fox and News Corp

Rupert Murdoch Retires:

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