**Rupert Murdoch steps down as chairman of Fox**



Rupert Murdoch, the media mogul who built News Corp into a global empire, stepped down as chairman of Fox Corp on September 21, 2023. He will be succeeded by his son, Lachlan Murdoch.


Murdoch, who is 91 years old, has been chairman of Fox Corp since 2019. He stepped down from that role and as executive chairman of News Corp in 2015, but he remained chairman of both companies.


Murdoch's decision to step down as chairman of Fox Corp marks the end of an era. He has been one of the most powerful and influential people in the media industry for decades.


Murdoch's career began in his native Australia, where he built a successful newspaper business. He expanded into the United States in the 1980s, buying the New York Post and the Twentieth Century Fox film studio.


Murdoch has been a controversial figure throughout his career. He has been accused of concentrating too much power in his hands and of using his media outlets to promote his own political agenda.


However, there is no doubt that Murdoch has been a major force in the media industry. He has revolutionized the way that news and entertainment is consumed around the world.


It will be interesting to see how Fox Corp fares under Lachlan Murdoch's leadership. He has been CEO of the company since 2019 and has overseen a number of changes, including the sale of Fox's entertainment assets to Disney.


Lachlan Murdoch has said that he is committed to continuing his father's legacy. He has also said that he is focused on growing Fox Corp's digital business.


It remains to be seen whether Lachlan Murdoch can be as successful as his father. However, he has a strong track record and he is well-positioned to lead Fox Corp into the future.