Rupert Murdoch stepping down as News Corp chairman after 70 years in charge
Rupert Murdoch has stepped down as the CEO of Fox and News Corp after 70 years in charge.
The 92-year-old billionaire will take on the role of chairman emeritus while his son Lachlan becomes the sole leader of both companies.
Murdoch slammed the mainstream media in a letter written to his employees announcing the news he was stepping down - a move which will be finalised in November.
He wrote: "Our companies are in robust health, as am I. We have every reason to be optimistic about the coming years – I certainly am, and plan to be here to participate in them.
https://www.express.co.uk/news/us/1815219/Rupert-Murdoch-steps-down-news-corp