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Fox Corporation has announced that Rupert Murdoch is stepping down as chairman of the board of both Fox Corporation and Fox News.
Murdoch said in a memo to employees:
“Our companies are in robust health, as am I,” the elder Murdoch said in a note to employees. “We have every reason to be optimistic about the coming years ā I certainly am, and plan to be here to participate in them. But the battle for the freedom of speech and, ultimately, the freedom of thought, has never been more intense.”
Ā Lachlan Murdoch, one of his sons, will become sole chairman of News Corp. and will continue as Fox Corp.’s executive chair and CEO.
The move will be official this November.
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