Rupert Murdoch announces he's stepping down from Fox and News Corp
Fox News Chairman Rupert Murdoch announced Thursday that he will step down from his role as head of the network and of the news division.
Murdoch wrote in a letter to his employees that he would move on from the position in November. His son, Lachlan Murdoch, will take the position of chairman of both Fox and News Corp.
"For my entire professional life, I have been engaged daily with news and ideas, and that will not change," Rupert Murdoch's statement read. "But the time is right for me to take on different roles, knowing that...