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Rupert Murdoch is stepping down as chairman from both Fox Corp. (FOX, FOXA) and News Corp. (NWS, NWSA), effective in November. He will become chairman emeritus at both companies.

News mogul Rupert Murdoch is officially stepping down as chairman of News Corp (NASDAQ:NWS) and Fox, ending a career spanning seven decades, four marriages and millions of dollars of Republican Party

The 92-year-old media tycoon announced the news in a memo to employees, saying he will transfer to the role of chairman emeritus of both companies.

Rupert Murdoch – the media industry mogul has resigned as Chairman of Fox Corp and News Corp. Shares of both companies opened slightly down today. Murdoch will become Chairman Emeritus The 92-year-o

"For my entire professional life, I have been engaged daily with news and ideas, and that will not change," Rupert Murdoch told colleagues in a Thursday morning memo to his workforce of 35,000.

CNBC's David Faber reports on breaking news that Rupert Murdoch will step down from his roles as chairman of Fox and News Corp.

Murdoch's eldest son Lachlan will take over in November.

Rupert Murdoch is stepping dpwn as chairman of the board of Fox and News Corp. in November, the companies said today. He will be appointed Chairman Emeritus of each company.

Rupert Murdoch is stepping down from his current role on Fox News, according to media reporter Brian Stelter, who posted the news on X Thursday morning.  "I'm writing to let you all know that I have

Rupert Murdoch will step down as chair of Fox & News Corp, according to CNBC.

Rupert Murdoch is stepping down as chairman of the board of both Fox Corp. and News Corp., the company said on Thursday. The move will be official in November. Murdoch, 92, will be appointed chairman

Media mogul Rupert Murdoch has stepped down as the chairman of Fox Corp and News Corp , the companies said on Thursday.

The move leaves his son Lachlan as the sole executive in charge of the global media empire.

Murdoch will exit roles atop News Corp and Fox in November and will be appointed chairman emeritus.

News Corporation CEO Robert Thomson (NWSA) sits down with Yahoo Finance Executive Editor Brian Sozzi at the Goldman Sachs Communacopia & Technology Conference as he unpacks the impact of AI on the med