Rupert Murdoch is retiring as chairman of Fox Corporation and Fox News.
The media mogul will step down in mid-November. His son Lachlan “will become sole Chairman of both companies.”
In a memo to employees, Murdoch reflected on his prolific career: “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies.”
Fox News has more on the dramatic transition:
Murdoch, 92, informed colleagues in a letter Thursday of his decision, noting he was in good health. He will officially make the transition in November, and his son Lachlan will become the sole chairman of both companies.
“I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News,” Murdoch wrote. “For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies. Neither excessive pride nor false humility are admirable qualities. 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.
“Whether the truck drivers distributing our papers, the cleaners who toil when we have left the office, the assistants who support us or the skilled operators behind the cameras or the computer code, we would be less successful and have less positive impact on society without your day-after-day dedication. Our companies are in robust health, as am I. 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.”
Murdoch went on to say the battle over freedom of speech and freedom of thought had never been more intense, and he said his family remained firmly committed to that cause. He criticized both contemptuous elites and the media in “cahoots” with them for pushing narratives rather than seeking the truth.
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Likely a good thing Murdoch is leaving because it is being ruined by someone and I believe it is him.
The walking dead has retired, To be replaced by the animated cadaver
If Murdock’s retirement moves Fox from the colossal conservative base to one of the many platforms now serving the leftist base, the constitutional republic will struggle against the likes of our current CIC (Coprolite in Chief). A pure majority will rule, leftists will demand support by those who went bankrupt and those who were successful will relocate.
The mudrocks stopped seeking the truth many years ago! The old guy tried a bit now and then but his godless kids are pure commie garbage!
At 92, it’s natural he would want to retire. However, his son is a Lefty, so Fox is likely to change significantly.