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Rupert Murdoch STEPS DOWN From Fox And Fox News Corp

Media mogul Rupert Murdoch has announced he will step down from his roles as chairman of both Fox and News Corp

In a letter, Murdoch wrote “I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News.”

He continued “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles.”

Now with Murdoch retiring from his chairman position, many fear Fox News may now slant further to the left now that his son Lachlan Murdoch will now take his role.

Here’s what Fox News added:

Media mogul Rupert Murdoch is transitioning from his roles as Chair of Fox Corporation and Executive Chairman of News Corp, he announced on Thursday.

Murdoch, 92, informed colleagues in a letter Thursday of his decision, noting he was in good health. He will officially make the transition in November, and his son Lachlan will become the sole chairman of both companies.

“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News,” Murdoch wrote. “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. 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.

“Whether the truck drivers distributing our papers, the cleaners who toil when we have left the office, the assistants who support us or the skilled operators behind the cameras or the computer code, we would be less successful and have less positive impact on society without your day-after-day dedication. Our companies are in robust health, as am I. Our opportunities far exceed our commercial challenges. We have every reason to be optimistic about the coming years – I certainly am, and plan to be here to participate in them.”

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Here’s what The Hill shared:

Media mogul Rupert Murdoch is retiring in November as the chairman of Fox and News Corp., a significant shift for a company that has significantly shaped political discourse across the country and particularly on the right for decades.

Murdoch, 92, will transition into a new role as chairman emeritus for both companies, and his son, Lachlan Murdoch, will become sole chairman of News Corp and continue as CEO and executive chairman of Fox Corporation.

Murdoch insisted he was stepping down at a point where the companies are in good health after a turbulent year that saw Fox News, the crown jewel of his conservative media empire, agreed to pay $787 million to Dominion Voting Systems to settle claims of defamation out of court in connection with false statements the network aired about the company’s software being promoted by former President Trump and his allies.


 

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