Rupert Murdoch is stepping down as chairman of Fox Corporation and News Corp, with his son Lachlan Murdoch taking over.
Why it matters
Rupert Murdoch's retirement marks a significant transition in the media industry, as he has been a dominant figure for decades. The handover of power to his son Lachlan Murdoch will shape the future direction of Fox Corporation and News Corp.
What the papers say
The announcement of Rupert Murdoch's retirement has been covered by multiple sources, including The Economist, New York Times, AP News, The Independent, The Times of Israel, France 24, NY Post, BBC News, and The Guardian. While there are some differences in emphasis and details, the overall consensus is that Rupert Murdoch is stepping down and his son Lachlan Murdoch will take over as chairman of both companies.
How we got here
Rupert Murdoch has been a prominent figure in the media industry for nearly seven decades, building a global media empire that includes Fox News, The Wall Street Journal, and The Times. Lachlan Murdoch has been groomed as his successor and has already been involved in the companies as co-chair of News Corp.
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