Rupert Murdoch Steps Down as Chairman of News Corp & Fox Corporation: The Latest Media News

2023-09-22 01:45:10

New York: Media giant and billionaire Rupert Murdoch has announced that he is stepping down as chairman of News Corp and Fox Corporation. Son Loklan Murdoch will head both companies. Murdoch will take over as chairman emeritus of both companies in mid-November.

Murdoch’s News Corp and Fox Corporation, a US citizen born in Australia, control Fox News, Wall Street Journal, The Sun, The Times, Herald Sun, The Australian and many other media organizations. Murdoch founded Fox News in 1997. Fox News is one of the most popular news channels in the US today. According to Forbes, Murdoch has a net worth of $17 billion.

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