Rupert Murdoch Resigns as Chairman of Fox and News Corp.

Breaking News: Rupert Murdoch to Step Down as Chairman of Fox Corporation and News Corp.

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CNN

Media mogul Rupert Murdoch has announced his decision to step down as chairman of both Fox Corporation and News Corp. This move marks a significant transition in Murdoch’s career after decades of involvement in the news and media industry.

A New Era: Lachlan Murdoch Takes the Helm

In a memo to employees, Murdoch expressed his gratitude for the opportunity to work with talented teams and stated that the time is right for him to take on different roles. His son, Lachlan Murdoch, will assume the position of sole chairman for both companies. Rupert Murdoch described his son as a passionate and principled leader.

Recognition for Rupert Murdoch’s Legacy

The announcement of Rupert Murdoch’s retirement was made on Fox News, with anchor Bill Hemmer acknowledging and praising Murdoch’s immense contributions to the media landscape. Hemmer emphasized that Murdoch’s vision and hard work have shaped the global media industry, leaving an indelible imprint on both America and the world.

Anchor Dana Perino also expressed gratitude, highlighting how Rupert Murdoch’s influence has been pivotal in the success of Fox News.

A Pioneer in Media: Rupert Murdoch’s Journey

Rupert Murdoch’s career in the media industry began in the 1950s when he entered the newspaper business. His entrepreneurial spirit led him to expand his reach into Hollywood in 1985 with the acquisition of Twentieth Century Fox. Murdoch’s foray into television followed shortly after, with the purchase of US television stations and the creation of Fox Broadcasting in 1986.

The Rise of Fox News

In 1996, Fox News emerged as a startup competitor to CNN. Over time, it became the leading cable news channel in America, championing Republican talking points and spreading falsehoods.

Controversy and Legacy

Under Rupert Murdoch’s leadership, Fox News became a prominent part of his media empire. However, it has faced criticism for promoting election lies, particularly after the 2020 election. Fox Corp. recently settled a defamation lawsuit with Dominion Voting Systems for $787 million and faces further legal action from Dominion competitor Smartmatic.

Lachlan Murdoch and the Future of Fox

With Lachlan Murdoch taking over as chairman, the direction of Fox remains uncertain. While he has held executive positions within the company for many years, it is unclear whether there will be a shift in the network’s approach under his leadership. Interestingly, sources have revealed that Lachlan Murdoch has privately expressed disagreements with former President Donald Trump’s behavior and has even expressed concerns about the potential negative impact if Trump were to run for office again.

Stay Tuned for Updates

This breaking news story will continue to develop, and we will provide updates as new information becomes available.