Powerful media entrepreneur Rupert Murdoch is stepping down as head of the American Fox Group and publisher News Corp. back. The 92-year-old wanted to hand over management to his son Lachlan, he announced on Thursday according to the TV channel Fox News.
“I am writing to inform you all that I have decided to assume the role of chairman emeritus at Fox and News,” Murdoch wrote to employees, according to his own broadcaster. There had been speculation for years about his departure, which would entail possible changes in company management.
«I have been exposed to news and ideas every day throughout my professional life, and nothing will change that. “But this is the right time for me to take on other roles,” Murdoch continued. His son will continue to run both companies.
Born in 1931, Murdoch began building his global media empire at the age of 22, with a newspaper in his native Australia. With tabloids such as ‘The Sun’ he relied uncompromisingly on sensational journalism, and with channels such as Fox News he later focused on political opinion formation, which is also seen as a pioneer for Donald Trump.
Murdoch had already expanded his media empire to the US in the 1970s. In addition to the Fox channel group, the portfolio now also includes the newspapers ‘New York Post’, ‘The Sun’ in Great Britain and the American financial newspaper ‘Wall Street Journal’.
Murdoch’s close ties to power and his ability to harness the political elite to his interests are legendary. “The Republicans originally thought Fox was working for us. Now we realize that we work for Fox,” said David Frum, speechwriter for former US President George W. Bush, in a TV interview. (rbu/sda/dpa)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
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