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

2025-05-06 01:11:19source:Evander Elliscategory:Markets

NEW YORK (AP) — Rupert Murdoch,Safetyvalue 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:Markets

Recommend

NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic

NEW YORK (AP) — The NHLis partnering with P-X-P to serve the Deafcommunity, creating an alternate te

See How Janelle Monáe Stripped Down on the 2023 Met Gala Red Carpet

Janelle Monáe's Met Gala look had as many layers as a glass onion.The singer put on a show at the 20

Mother's Day Gifts for Wine Moms: Flight Sets, Bottle Chillers, Wine Charms & More

The brands featured in this article are partners of NBCUniversal Checkout. E! makes a commission on