2023-09-21 17:50:00
Rupert Murdoch, American media mogul who has influence in the news industry around the world. Announces he will step down as chairman of his giant media company. and let his son take over the position
Foreign news agencies report that Rupert Murdoch, the right-wing media mogul who controls one of the most powerful media empires in the world, The president on Thursday said He will step down as chairman of the boards of his two major media companies, Fox Corporation and News Corporation.
“Throughout my working life I contribute news and ideas. on a daily basis And that will not change,” Mr. Murdoch, 92, said in a memo sent to employees. “But it is time for me to take on a new role. Because we know that we have a really talented, diverse team.”
Mr Murdoch said his son Lachlan, 52, would succeed him as chairman of both companies. The position transition will take place in mid-November.
“Our company is still healthy. same as me Our opportunities go beyond commercial challenges,” Mr Murdoch said in the memo. “We have every reason to be optimistic over the next few years. I am confident and determined to be here to contribute.”
Father and son Lachlan and Rupert Murdoch attend the TIME 100 Gala in New York City on April 21, 2015.
Mr. Murdoch, at the helm of the Fox and News Corp. media empires that publish mainstream publications such as the Wall Street Journal and the New York Post tabloid, has given him enormous influence. Republicans for decades Few can compare.
His retirement also comes at a pivotal time for the media industry. that is transitioning from the traditional television and film business to streaming services as well
Analysts think that Mr Murdoch’s step down will have repercussions throughout the US political world. Meanwhile, the campaign for the 2024 presidential election is in full swing.
Lachlan Murdoch is currently the Chief Executive Officer (CEO) of Fox and Nova Entertainment Company. stated in a statement that His father will continue to provide valuable advice to both companies.
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