Rupert Murdoch stepping down as chairman of Fox Corp. and News Corp

Rupert Murdoch stepping down as chairman of Fox Corp. and News Corp

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Billionaire media mogul Rupert Murdoch is stepping down as chairman of Fox Corp. and News Corp., effective mid-November, he announced Thursday. Why it matters: Murdoch, 92, is considered one of the most influential media figures in the modern era. His son, Lachlan Murdoch, will replace him as…

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