Los Angeles Times

Rupert Murdoch steps down as chairman of Fox

Rupert Murdoch arrives at the Sun Valley Resort for the annual Allen& Company Sun Valley Conference on July 10, 2018, in Sun Valley, Idaho.

Rupert Murdoch, the powerful and controversial mogul who helped transform the modern media landscape over seven decades, is stepping down as chairman of his two family-controlled companies Fox Corp. and News Corp.

Murdoch, 92, who will be succeeded by his son Lachlan, announced his decision in a note sent to employees Thursday.

“I am writing

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