“Rupert Murdoch Steps Down from Leadership Roles at Fox and News Corp, Leaving Legacy in Media Industry”
Rupert Murdoch, the 92-year-old media mogul and founder of Fox News, is relinquishing his leadership positions at Fox’s parent company and News Corp, with his son Lachlan taking over as chairman. The move sparks speculation about the future of these media giants.
Rupert Murdoch, the iconic 92-year-old media magnate who played a pivotal role in shaping the global media landscape, is stepping down from his leadership positions at Fox’s parent company and News Corp. This announcement, made by Fox on Thursday, marks a significant transition in the media industry. Murdoch, renowned as the founder of Fox News and the owner of prominent publications like the Wall Street Journal and the New York Post, will assume the title of chairman emeritus at both entities.
Lachlan Murdoch, Rupert’s son, is set to take the reins as chairman of News Corp., while continuing to serve as the CEO of Fox Corp. Expressing his appreciation for his father’s new role as chairman emeritus, Lachlan Murdoch anticipates that Rupert Murdoch will continue to provide invaluable guidance to both companies.
Rupert Murdoch’s legacy in the media world is undeniable. He not only created Fox News but also launched the Fox broadcast network, which successfully challenged the dominance of ABC, CBS, and NBC. His influence on US conservative circles has been profound, as Fox News Channel has left an indelible mark on television and the nation’s political landscape since its inception in 1996.
In a letter addressed to employees, Rupert Murdoch pledged his ongoing engagement with Fox and News Corp. He affirmed his commitment to actively participate in the realm of ideas, recognizing the strong sense of community within these organizations. Murdoch also assured that he would remain an avid consumer of their broadcasts, publications, websites, and books.
The precise reason behind Rupert Murdoch’s decision to step down from his leadership roles has not been disclosed at this time. It is noteworthy that this announcement coincides with the release of Michael Wolff’s book, “The End of Fox News,” which speculates on the network’s future in the post-Murdoch era.
As Rupert Murdoch takes on the role of chairman emeritus, the media industry and observers around the world are closely watching to see how the Murdoch legacy continues to shape the landscape of news and entertainment.
Sources By Agencies
About The Author
