Australian media mogul Rupert Murdoch, 92, is handing his son Lachlan the reins and stepping down as chairman of both Fox and News Corp. “effective as of the upcoming Annual General Meeting of Shareholders of each company in mid-November,” according to Fox News’s “America’s Newsroom.”
Murdoch will be appointed Chairman Emeritus of both companies and Lachlan “will become sole Chair of News Corp and continue as Executive Chair and Chief Executive Officer of Fox Corporation,” the outlet reported on Thursday.
“On behalf of the FOX and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career,” Lachlan said. “We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted.”
“We are grateful that he will serve as Chairman Emeritus,” the younger Murdoch said, “and know he will continue to provide valued counsel to both companies.”
RUPERT MURDOCH TO STEP DOWN AS CHAIR OF FOX AND NEWS CORP AFTER SEVEN-DECADE CAREER. Announced today, Rupert Murdoch is stepping down as chairman of each board effective as of the upcoming Annual General Meeting of Shareholders of each company in mid-November. Mr. Murdoch will be… pic.twitter.com/3c2ZjA708Z
— America’s Newsroom (@AmericaNewsroom) September 21, 2023
For his entire professional life, Rupert Murdoch said in his note to employees, he has “engaged daily with news and ideas, and that will not change,” Fox News host Bill Hemmer reported, adding that Murdoch will still be “an active member of the Fox community, reaching out with thoughts and ideas and advice as he does every day.”
“Neither excessive pride nor false humility are admirable qualities,” Murdoch, who also owns The Wall Street Journal and the New York Post, said in his statement. “But I am truly proud of what we have achieved collectively through the decades, and I owe much to my colleagues, whose contributions to our success have sometimes been unseen outside the company but are deeply appreciated by me.”
“Our companies are in robust health, as am I,” he said. “Our opportunities far exceed our commercial challenges. We have every reason to be optimistic about the coming years — 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.”
It’s a battle his son is fully “committed” to, he assured his employees.
“My father firmly believed in freedom, and Lachlan is absolutely committed to the cause,” he wrote. “Self-serving bureaucracies are seeking to silence those who would question their provenance and purpose. Elites have open contempt for those who are not members of their rarefied class. Most of the media is in cahoots with those elites, peddling political narratives rather than pursuing the truth.”
“I will be watching our broadcasts with a critical eye, reading our newspapers and websites and books with much interest, and reaching out to you with thoughts, ideas, and advice,” he vowed. “When I visit your countries and companies, you can expect to see me in the office late on a Friday afternoon.”
Rupert Murdoch retires from Fox & News Corp. boards – statement below pic.twitter.com/JCXUbaEvXq
— David Folkenflik (@davidfolkenflik) September 21, 2023
Rival network MSNBC called Murdoch a media ‘titan’ but predicted ‘it won’t be a positive look back’ on his influential legacy.
When historians view how Rupert Murdoch changed the political landscape, “it won’t be a positive look back,” says @mikebarnicle
Murdoch is stepping down from Fox Corp. and News Corp., after a 70-year media career. His son, Lachlan Murdoch, will become sole Chair of News Corp. pic.twitter.com/Ftpf4oVStH
— MSNBC (@MSNBC) September 21, 2023
On X, while many are glad to see him go, few from either side of the political aisle believe that anything will change.
“The man has done irreparable harm to this country—his propagandist hosts knowingly push dangerous lies, promote bigotry & amplify intolerance. For clicks,” wrote one user. “It won’t change with him gone. But good f**king riddance all the same.”
“His offspring are very left-wing and will finish the company off,” predicted another.
“Won’t help [Fox News’s] viewership,” said a third. “Damage already done. I’d rather watch Tucker and real news.”
Rupert Murdoch is stepping down as Chairman of Fox.
The man has done irreparable harm to this country—his propagandist hosts knowingly push dangerous lies, promote bigotry & amplify intolerance. For clicks.
It won’t change with him gone.
But good fucking riddance all the same.
— Jo (@JoJoFromJerz) September 21, 2023
His offspring are very left-wing and will finish the company off.
— Jonathan (@JonathanK2023) September 21, 2023
Won’t help their viewership. Damage already done. I’d rather watch Tucker and real news.
— Buggy Ridge (@buggy_ridge) September 21, 2023
“Good riddance to Murdoch,” one user stated. “I still won’t watch.”
Good riddance to Murdoch. I still won’t watch
— Seminole Wind (@SeminoleWind7) September 21, 2023
Fox will go more woke.
— d0u6 (@d0u6s) September 21, 2023
— David Alan Coia (@DavidAlanCoia) September 21, 2023
No difference… his sons run it.
— S grace (@Palisades48) September 21, 2023
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