NEW YORK: Rupert Murdoch has stepped down as the chairman of Fox Corp and News Corp, ending a more than seven-decade career during which he created a ...
Rupert Murdoch is flanked by his sons Lachlan and James in this photo taken in March 2016. – AFPRupert Murdoch has stepped 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.
Lachlan takes over the Murdoch empire as the media industry is battered by challenges ranging from the decline in traditional television viewership, to news organizations battling tech companies over alleged copyright theft in the age of artificial intelligence.
The executive transition coincides with the annual meeting of shareholders for Fox and News Corp in mid-November.
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