RUPERT Murdoch has announced he will step down as chairman of News Corp and the Fox Corporation.
His son Lachlan Murdoch will succeed the 92-year-old as chair of both companies.News Corp was founded in its initial form by the Australian media magnate in 1980 and grew to be the largest media company in the world – acquiring The Times and The Sun during its meteoric rise – before it was spun off into 21st Century Fox and News Corporation in 2013.
In a statement, Lachlan Murdoch said:"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. “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.
“We are grateful that he will serve as chairman emeritus and know he will continue to provide valued counsel to both companies.”
Belgique Dernières Nouvelles, Belgique Actualités
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