Rupert Murdoch Is Retiring From Fox and Fox News

“I have decided to transition to the role of Chairman Emeritus at Fox and News.”

Paul J. Richards/AFP/Getty

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Rupert Murdoch, the 92-year-old media titan who built one of the world’s most powerful media empires, is stepping down.

“I have decided to transition to the role of Chairman Emeritus at Fox and News,” Murdoch wrote in a memo to staff. 

“For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles.” 

Murdoch’s son, Lachlan, will now be the singular executive in charge of the global media brand.

This is a developing story. Check back for updates.

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