Media Mogul Rupert Murdoch STEPPING DOWN As Fox And News Corp. Chairman

Media mogul Rupert Murdoch is retiring in November as the chairman of Fox and News Corp., a significant shift for a company that has significantly shaped political discourse across the country and particularly on the right
for decades.

Murdoch, 92, will transition into a new role as chairman emeritus for both companies, and his son, Lachlan Murdoch, will become sole chairman of News Corp and continue as CEO and executive chairman of Fox
Corporation.

Murdoch insisted he was stepping down at a point where the companies are in good health after a turbulent year that saw Fox News, the crown jewel of his conservative media empire, agreed to pay $787 million to Dominion Voting Systems to settle claims of defamation out of court in connection with false statements the network aired about the company's software being promoted by former President Trump and his allies.