"Rupert Murdoch's Resignation Sends Shockwaves Through Media Industry"
Rupert Murdoch, the 92-year-old media magnate, has announced his retirement as the head of Fox Corp. and News Corp., leaving his son Lachlan Murdoch in line for succession. Murdoch's creation of Fox News Channel has made him a significant force in American politics. Despite recent challenges faced by Fox, including a defamation lawsuit settlement and the firing of popular personality Tucker Carlson, Lachlan Murdoch will take over as chairman of News Corp. and continue as CEO of Fox Corp. Rupert Murdoch will become chairman emeritus of both companies. Major changes are not expected immediately, but when Murdoch dies, control of the Fox empire will revert to his four adult children.
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- Opinion | Rupert Murdoch resigns after the scandal of a lifetime The Washington Post
- Opinion: As Rupert Murdoch resigns from News Corp., Biden should count his blessings Los Angeles Times
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