Rupert Murdoch steps Down as Chairman of Fox and News Corp

Rupert Murdoch steps Down as Chairman of Fox and News Corp

Posted By: RumorMail
Date: Thursday, 21-Sep-2023 12:18:27
http://www.rumormill.news/229522

By Lillian RizzoRupert Murdoch is stepping down as chairman of the board of both Fox Corp. and News Corp.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.Since July 2022, Murdoch had worked from his home in Montana rather than going into Fox or News Corp. offices, according to a securities filing.Murdoch’s departure also comes a year ahead of the upcoming U.S. presidential election. News Corp. owns newspapers The Wall Street Journal and New York Post, among other publications, while Fox is the parent company of right-leaning TV networks Fox News and Fox Business.———-

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