Your tip
RadarOnlineRadarOnline
BREAKING NEWS

Rupert Murdoch, 92, Steps Down as Chairman of Fox and News Corps After 70-year Career

rupert murdoch steps down chairman fox news corp  year careerjpg
Source: MEGA

Murdoch met his soon-to-be fifth wife through his third wife, Wendi Deng.

Sep. 21 2023, Published 10:10 a.m. ET

Link to FacebookShare to XShare to FlipboardShare to Email
Getting your Trinity Audio player ready...

Rupert Murdoch announced that he is stepping down as the Chairman of Fox Corp. and News Corp this week, RadarOnline.com can confirm.

The shocking and sudden development comes after the 92-year-old billionaire mogul served a 70-year career in the media industry.

Article continues below advertisement
rupert murdoch steps down chairman fox news corp  year career jpg
Source: MEGA

The move will be made official in November.

Murdoch made the announcement in a note to employees on Thursday morning, and the move will reportedly be made official in November.

Meanwhile, Murdoch will reportedly be appointed “Chairman Emeritus” of both Fox Corp. and News Corp as his son, Lachlan Murdoch, 52, takes over as sole Chairman of News Corp.

Lachlan will reportedly remain Executive Chair and CEO of Fox Corp. – a position he was appointed to after 21st Century Fox was acquired by Disney in March 2019.

“Dear Colleagues,” the elder Murdoch wrote on Thursday morning, “I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News.”

Article continues below advertisement
rupert murdoch steps down chairman fox news corp  year career jpg
Source: MEGA

Lachlan Murdoch, 52, will take over as sole Chairman of News Corp.

“For my entire professional life, I have been engaged daily with news and ideas, and that will not change,” he continued. “But the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies.”

Murdoch indicated that his decision to step down as Chairman of Fox Corp. and News Corp was not due to health concerns, and he emphasized that the “battles for the freedoms of speech and thought” have “never been more intense.”

Article continues below advertisement

“Our companies are in robust health, as am I,” the 92-year-old media mogul wrote. “Our opportunities far exceed our commercial challenges.”

“We have every reason to be optimistic about the coming years – I certainly am, and plan to be here to participate in them,” Murdoch continued. “But the battle for the freedom of speech and, ultimately, the freedom of thought, has never been more intense.”

MORE ON:
Rupert Murdoch
Article continues below advertisement
rupert murdoch steps down chairman fox news corp  year career jpg
Source: MEGA

“Our companies are in robust health, as am I,” the 92-year-old media mogul wrote.

“I look forward to seeing you wherever you work and whatever your responsibility,” he concluded. “And I urge you to make the most of this great opportunity to improve the world we live in.”

As RadarOnline.com previously reported, Murdoch’s decision to step down this week came following a chaotic year at Fox News. The decision also comes ahead of next year’s presidential election.

Never miss a story — sign up for the RadarOnline.com newsletter to get your daily dose of dope. Daily. Breaking. Celebrity news. All free.

Article continues below advertisement

Fox News agreed to pay Dominion Voting Systems a whopping $787.5 million in April to settle a defamation lawsuit connected to the network’s coverage of the 2020 presidential election.

The network also recently suffered a significant dip in ratings following Tucker Carlson’s involuntary departure from Fox News earlier this year.

Article continues below advertisement
rupert murdoch steps down chairman fox news corp  year career jpg
Source: MEGA

Murdoch’s decision to step down this week came following a chaotic year at Fox News.

Murdoch “guarantees” that he will remain “involved” in the companies despite his decision to step down this week.

“For my entire professional life, I have been engaged daily with news and ideas, and that will not change,” he wrote in his announcement. “In my new role, I can guarantee you that I will be involved every day in the contest of ideas.”

Advertisement

DAILY. BREAKING. CELEBRITY NEWS. ALL FREE.

More From Radar Online

    Opt-out of personalized ads

    © Copyright 2024 RADAR ONLINE™️. A DIVISION OF MYSTIFY ENTERTAINMENT NETWORK INC. RADAR ONLINE is a registered trademark. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.