“The time is right for me to take on different roles,” Murdoch wrote in a memo to all staff.
Rupert Murdoch announced in a memo sent to all staffers on Thursday morning that he is stepping down from his role as chairman and CEO of News Corp and chairman of Fox Corp.
The memo, which was obtained and reviewed by The Daily Beast, continued: “Neither excessive pride nor false humility are admirable qualities. But I am truly proud of what we have achieved collectively through the decades, and I owe much to my colleagues, whose contributions to our success have sometimes been unseen outside the company but are deeply appreciated by me.
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