NWSA - Rupert Murdoch To Step Down As Chairman Of Fox News Corp | Benzinga
Rupert Murdoch will step down as chairman of Fox Corp (NASDAQ: FOXA) and News Corp (NASDAQ: NWSA), the media conglomerate announced Thursday.
What To Know: Murdoch, 92, will depart from his role as chairman of the board at both Fox and News Corp following a nearly 70-year career. He is set to be appointed as chairman emeritus of each company.
His son Lachlan Murdoch is slated to become sole chair of News Corp and will continue to serve as executive chair and CEO of Fox. Murdoch's departure will become effective in mid-November at each company's upcoming annual general meeting of shareholders.
"On behalf of the FOX and News Corp boards of directors, ...