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    Fox founder Rupert Murdoch steps down from global media empire

    Rupert Murdoch is stepping down as chair of his media empire, which includes Fox News, The Wall Street Journal and The New York Post. He is handing the reins to his son Lachlan.
    by David Folkenflik Sep 21, 2023 3 minutes
    Rupert Murdoch, 92, is stepping down as chair of his global media empire, which includes Fox News and <em>The Wall Street Journal</em>.
    Updated September 21, 2023 at 1:11 PM ET

    Rupert Murdoch, the media magnate who built an unmatched global media empire over seven decades from a single newspaper he inherited in his native Australia, announced on Thursday that he would step down.

    "I have been engaged daily with news and ideas, and that will not change," Murdoch wrote in a memo to employees at Fox News, , and the many other properties that make up his two corporations, Fox Corp. and News Corp. "The time is right for me to take on different roles."

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