Rupert Murdoch to Step Down as Head of Fox and News Corp
Summary from AllSides News Team
Rupert Murdoch, at age 92, is stepping down as Chairman of Fox News and News Corp, effective in November. He will be appointed Chairman Emeritus.
Key Details: Murdoch's son, Lachlan Murdoch, will become Chairman of both Fox and News Corp.
Key Quote: "For my entire professional life, I have been engaged daily with news and ideas, and that will not change," Murdoch's statement read. "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. Neither excessive pride nor false humility are admirable qualities. But I am truly proud of what we have achieved collectively through the decades, and I owe much to my colleagues, whose contributions to our success have sometimes been unseen outside the company but are deeply appreciated by me."
For Context: Rupert Murdoch has been the head of Fox News and News Corps since 1996 and has become one of the world's most influential and controversial tycoons after seven decades of revolutionizing news and entertainment. Recently, Fox News has experienced shake-ups with the departure of popular commentator Tucker Carlson in April, and the contract negotiation breakdown that led to the departure of Fox guest-turned-host host Dan Bongino.
How the Media Covered it: Rupert Murdoch's announcement was widely covered by sources across the political spectrum, with sources on the right noting that President Joe Biden once called Murdoch "the most dangerous man in the world".
Featured Coverage of this Story
From the LeftRupert Murdoch Stepping Down As Chairman At Fox Corp, News Corp
Australian business magnate Rupert Murdoch is stepping down as chairman of Fox Corp and News Corp, ending a decadeslong reign that will be passed onto his son, the company announced Thursday.
The transition to Lachlan Murdoch’s leadership as sole chair of News Corp will be effective in mid-November. Lachlan, 52, will continue to serve as executive chair and chief executive officer of Fox Corp, Fox News Corp said. Rupert Murdoch, 92, will serve as chairman emeritus.
“We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to...
From the CenterRupert Murdoch to Step Down as Chair of Fox and News Corp After Seven-Decade Career
Rupert Murdoch is stepping down as chair of Fox and News Corp, after building a media empire over seven decades that revolutionized news and entertainment and made him one of the world’s most influential and controversial tycoons.
Murdoch, 92 years old, will exit his roles atop each company as of November, when they hold annual meetings, the companies said. He will be appointed chairman emeritus of each company. His eldest son, Lachlan Murdoch, who has served as co-chair of News Corp, will become sole chair of that company and will continue as executive chair...
From the RightRupert 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...