The mogul’s resignation marks the end of one of the most storied — and controversial — careers in modern media.
Rupert Murdoch, the Australian press baron who reshaped conservative media in his image, plans to step down as chairman of Fox Corp. and News Corp.Thursday. His older son, Lachlan Murdoch, will become the sole chairman of both firms.
Fox Corp. said in its news release that Murdoch will formally resign at a shareholder meeting in November.“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,” he added.The mogul's resignation marks the end of one of the most storied and controversial careers in modern media.
Fox Corp. and Fox News were sued over those false allegations, most notably by Dominion Voting Systems, which settled with the companies forThe media magnate looms large in popular consciousness. In the eyes of many progressives and Democratic voters, Fox News is a scourge, while some Republicans regard Murdoch as a folk hero. The Murdoch family's private dramas helped inspire the HBO series"Succession.
Two Fox News employees based out of the New York offices told NBC News on Thursday that they were shocked but not surprised about the announcement.“He’s been running Fox News for years,” the employee said. “I just didn’t expect the announcement today. It almost felt calculated.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Media magnate Rupert Murdoch is stepping down as chairman of News Corp. and Fox Corp., the companies that he built into forces over the last 50 years.
Read more »
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Media magnate Rupert Murdoch is stepping down as chairman of News Corp. and Fox Corp., the companies that he built into forces over the last 50 years.
Read more »
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Media magnate Rupert Murdoch is stepping down as chairman of News Corp. and Fox Corp., the companies that he built into forces over the last 50 years.
Read more »
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Media magnate Rupert Murdoch is stepping down as chairman of News Corp. and Fox Corp., the companies that he built into forces over the last 50 years.
Read more »
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox’s parent company and his News Corp. media holdings.
Read more »
Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.Rupert Murdoch, the 92-year-old media magnate who created Fox News, is stepping down as leader of both Fox's parent company and his News Corp. media holdings.Fo
Read more »