Rupert Murdoch to step down as chairman of Fox and News Corp empire
dailyrecord.co.ukMedia tycoon Rupert Murdoch is step down as chairman of his Fox and News Corp businesses, the firms said in a statement. The 92-year-old's son, Lachlan, is set to take over from his father who will officially retire from both companies.
The change of leadership will take place following the companies' annual meeting in mid-November.Lachlan Murdoch said: "On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career."We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted."We are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies." Don't miss the latest news from around Scotland and beyond - Sign up to our daily newsletter here.
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