Rupert Murdoch, creator of Fox News, stepping down as head of News Corp. and Fox Corp.

2024-12-24 09:45:06 source: category:Finance

NEW YORK (AP) — 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.

Fox said in an announcement on Thursday that Murdoch would become chairman emeritus of both companies. His son, Lachlan, will become News Corp. chairman and continue as chief executive officer of Fox Corp.

Lachlan Murdoch said that “we are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.”

More:Finance

Recommend

Judith Jamison, acclaimed Alvin Ailey American dancer and director, dead at 81

Judith Jamison, an acclaimed dancer and choreographer who for two decades was artistic director of t

Israeli survivors of the Oct. 7 music festival attack seek to cope with trauma at a Cyprus retreat

LARNACA, Cyprus (AP) — Tomer Bassis expected his day to be filled with electronic trance music at th

DeSantis says Florida GOP chair should resign amid rape allegation

TALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis said state Republican Party Chairman Christian Zi