Business man Rupert Murdoch He announced Thursday that he is retiring as chairman of media conglomerate Fox and News Corporation, leaving the reins of the business to his son Lachlan.
American businessman who became an Australian citizen 92 yearsAccording to a press release from both companies, he will step down next November, when the shareholders’ general meeting of both companies will be held.
Following these general assembly meetings, Lachlan MurdochThe 52-year-old will become the sole chairman of News Corp and continue his role as executive chairman and chief executive officer of Fox Corporation.
“On behalf of the boards of directors FOX and News Corp“I congratulate my father on a remarkable career spanning 70 years,” said Lachlan Murdoch.
He also expressed his gratitude “His vision, pioneering spirit, unwavering determination and lasting legacy “He leaves behind the companies he founded and the countless people he influenced.”
Lachlan Murdoch has stated that his father will serve as “chairman honorary” and we know it. will continue to give valuable advice “To both companies.”
Home pages of the chain after the announcement Fox News and from the middle Wall StreetJournal, Both sections of News Corp opened with this story, citing the letter Murdoch sent to his employees.
“My entire professional life being busy with ideas and news every dayand that won’t change,” the tycoon said in his message.
Murdoch also said this “The health of both companies is as solid as mine.”He noted that he was “optimistic about the years to come” and that he planned to “participate.”
When the boss’s decision is known, Fox shares fell 1.51% up to $30.68 per title and News Corp’s up 0.66% Up to $19.80.
Murdoch will leave office after a series of events discussionsOne of the most notable is the recent multimillion-dollar settlement to resolve a defamation lawsuit against Fox News, which accused Dominion Voting Systems, a company that sells voting machines, of election manipulation after the defeat of US President Donald Trump (2017-2021). .) In the 2020 presidential election.