Rupert Murdoch stepping down as chairman of Fox and News Corp | ABC News
Rupert Murdoch has announced he's stepping down from his role as chairman of Fox and News Corp after almost seven decades at the helm. The 92-year-old billionaire has sent a memo to his employees saying, "the time is right" for him to take on "different roles". His son Lachlan will now head both companies, while Rupert Murdoch transitions to the role of Chairman Emeritus in mid-November.
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