Media big businessman Rupert Murdoch announced he is stepping down as chairman of News Corp. and Fox in a memo to staff on Thursday . He will officially retire in November and will go past the torch to his son , Lachlan Murdoch , who will also persist as chief executive officer and executive chairman of Fox Corporation .
In the memo , Murdoch ( 92 ) said he will still be involved in brainstorming unexampled subject and ideas , say he will continue to “ be an active appendage ” of Fox and News Corp. He wrote : “ Our companies are in robust health , as am I , ” and uphold , “ Our opportunities far exceed our commercial challenges . We have every reasonableness to be optimistic about the occur age – I for sure am , and design to be here to participate in them . ” To his enemies , that could understand as a menace .
Murdoch will take on a new role as chairman emeritus for both medium companies which will take essence following the yearly oecumenical group meeting of shareowner in mid - November , at which time Lachlan will formally replace his Fatherhood as the chairperson .
Photo: AP News (AP)
Lachlan congratulate his sire for his “ remarkable 70 - twelvemonth vocation , ” in a News Corp.press release , tot up : “ We thank him for his vision , his pioneering emotional state , his unfaltering conclusion , and the enduring legacy he leaves to the companies he found and multitudinous people he has impact . ”
Murdoch has had a contentious career over seven decades , often receiving criticism for hisfar - right political leaningsprompting alawsuit filed by Dominion Voting Systemsin April . Murdoch tally to a settlement of $ 787 millionto Dominion Voting Systems for traducement on Fox News , saying itspread put on information about its role in the 2020 presidential election . Thelawsuitclaimed Fox News “ sold a sham story of election fraud to serve its own commercial purposes , severely injuring territorial dominion in the process . ”
In the wake of the lawsuit , Fox News removed longtime host Tucker Carlsonand seemingly ill-use off from far - right propaganda , sparking outrage among MAGA supporter . Former President Donald Trump has start so far as to call Murdoch a “ globalist ” in a recentsocial medium video , enounce he was seek to stand in the style of him being return as president in the 2024 elections .
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Murdoch characteristically guide it upon himself to address the mainstream medium that he does n’t own in his letter to faculty , writing : “ Self - serve bureaucracies are seeking to silence those who would question their place of origin and purpose . ” He added : “ Elites have clear contempt for those who are not members of their rarefied class . Most of the media is in cahoot with those elite group , huckster political narratives rather than pursuing the truth . ”
Fox News announced Murdoch ’s retreat on air , praise the drawing card for bringing the media mercantile establishment to the forefront . “ Rupert Murdoch create all of this and so much more across America and the globe , ” Fox News anchor Bill Hemmer said , concord toCNN . “ His life ’s work has left an indelible imprint on the global medium landscape . His share are both innumerable and extraordinary and we give thanks him for letting us be a part of it all . ” His co - anchor Dana Perino add : “ Without him , we would not be here . ”
Donald TrumpFox NewsNews CorpRupert MurdochTucker Carlson
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