Murdoch has been in the media business for more than 70 years.
a reporter who covers the politics and power influencing the tech industry. Before joining The Verge in 2018, she covered Congress and breaking news.Conservative media mogul Rupert Murdoch is stepping down as chair of Fox and News Corp on Thursday,. Murdoch will exit his roles at both companies in mid-November and will be appointed as chairman emeritus of both companies.
“For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles,” Murdoch reportedly wrote in a staff memo Thursday. “Our companies are in robust health, as am I.”style, Murdoch’s eldest son, Lachlan Murdoch, appears to be his heir apparent.
For more than 70 years, Rupert Murdoch helped to shape the modern global media industry. His companies gobbled up other companies around the world, building one of the largest media empires in history. But his decision to step down comes amid a seismic shift in the media landscape he played a role in building.
Like nearly every other modern media organization, Murdoch’s companies have struggled to find new strategies to meet the demands of the digital age. Print and television news outlets are still searching for ways to grow in an economy dominated by the internet and digital ad dollars.
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