Rupert Murdoch steps down as chairman of Fox, News Corp
Image Credit: NewsBytes
Media mogul Rupert Murdoch has announced that he will be stepping down from his role as chairman of the board of both Fox Corporation and News Corp. The corporations made the decision public on Thursday. According to the companies, Murdoch's son Lachlan will become the sole chairman of News Corp and will continue to serve as the chair and CEO of Fox.