Rupert Murdoch Is Stepping Down As Chairman of Fox. Meet His Son Lachan, the Real-Life ‘Kendall Roy’ Taking Over the Family Business

Rupert Murdoch is stepping down from his media conglomerate.

After 70 years at the helm of Fox and News Corp., both companies announced the 92-year-old’s retirement on Thursday. Son Lachlan has been crowned his successor and the new sole Chair of News Corp.

Rupert Murdoch is set to step down after a shareholders meeting in November and will be appointed Chairman Emeritus of both companies.

“We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies,” Lachlan stated in the company announcement.

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