Rupert Murdoch, Media Mogul, Steps Down as Chairman of Fox and News Corp

Rupert Murdoch is stepping down as chairman of Fox and News Corp. His son, Lachlan Murdoch, will become the new chairman. Rupert Murdoch has been the chairman for nearly seven decades. He has overseen the growth of a global media empire that includes The Wall Street Journal, the New York Post, and Fox News. Fox News has been involved in a number of controversies in recent months. Rupert Murdoch will become chairman emeritus of both companies.

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