Media mogul Rupert Murdoch steps down as chair of global media empire

euronews (in English)

The 92-year-old Australian business magnate Rupert Murdoch will take on the role of chairman emeritus of Fox Corp and News Corp, handing his position as chair to his son Lachlan.

Transcript

00:00 Australian media mogul Rupert Murdoch has announced he is stepping down as chair of

00:05 Fox Corp and News Corp, the central pillars of his right-leaning global media empire.

00:11 Fox says the 92-year-old business magnate will take on the role of chairman emeritus

00:15 of both companies. His son Lachlan will take over as chair. In a letter to staff, Murdoch

00:20 said he would remain engaged with the Fox and News Corp communities on a daily basis.

00:25 The announcement didn't clarify why he's retiring now, but it comes after a number of setbacks

00:30 for the corporations in recent years.

00:32 [WHOOSH]

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