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.

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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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