Top Stories

Breaking: Rupert Murdoch steps down as chair of Fox and News Corp

Rupert Murdoch is stepping down as chair of Fox and News Corp – ending a seven-decade run as one of the world’s most transformative and controversial media moguls.

In a note to staff first reported in the Murdoch-controlled Wall Street Journal, he 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.”

Advertisement

Murdoch, 92, will become chairman emeritus of the two corporations, the company said in a release.

Lachlan Murdoch, Murdoch’s eldest son, now seems to be his successor. In the note Murdoch called Lachlan a “passionate, principled leader” who can take the companies into the future.

Advertisement

“On behalf of the Fox and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career,” said Lachlan Murdoch, 52, in a statement.

“We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted,” he said.

Advertisement

The Fox founder’s decision comes five months after his news network paid $787.5m to settle a defamation suit brought by voting equipment company Dominion. Dominion charged that Fox had knowingly broadcast false and outlandish allegations that it was involved in a plot to steal the 2020 election.

Fox still faces a $2.7bn defamation suit filed by Smartmatic, a global election technology company, that also alleges Fox allowed its journalists and guests to broadcast falsehoods about its involvement in the 2020 election.

Advertisement

In his memo, Murdoch said: “Our companies are in robust health, as am I.”

More details soon…

Advertisement
citynews

Recent Posts

Senate Approves Tinubu’s $2.2bn Loan Request

The Senate on Thursday approved President Bola Tinubu’s loan request of $2.2 billion to partially…

13 hours ago

2023 Presidential Poll Not Rigged – Okupe To Peter Obi

A former presidential spokesman, Doyin Okupe has dismissed claims by Peter Obi of the Labour…

13 hours ago

Ohanaeze Ndigbo Reveals Speaks On What Simon Ekpa’s Arrest Means For Igbo Nation

Leading Igbo Socio-cultural Organisation, Ohanaeze Ndigbo, has commended the arrest of self-acclaimed Biafra Prime Minister,…

13 hours ago

Car Dealer Surprises Davido With Brand New Escalade To Celebrate His Birthday

    A car dealer has gifted Nigerian singer Davido a new vehicle for his birthday.  …

20 hours ago

PDP Crisiss: Damagum Holds Closed-Door Meeting With State Chairmen

There is palpable tension in the Peoples Democratic Party (PDP) after the acting National Chairman…

20 hours ago

Reevaluate your economic policies….they have worsened lives of Nigerians – ACF tells President Tinubu

The Arewa Consultative Forum says the policies of the President Bola Tinubu-led administration has worsened…

21 hours ago