Murdoch Dynasty Shifts: Rupert Murdoch, 92, Hands Over the Reins to Son Lachlan at Fox and NewsCorp

Rupert Murdoch, the 92-year-old media mogul who built a global empire of newspapers, television stations, and film studios, announced on Thursday that he is stepping down as chairman of Fox Corp and News Corp, the two companies he controls. His son, Lachlan Murdoch, will become the sole chairman of both firms. Murdoch’s retirement marks the end of an era in the media industry. He is one of the most successful and influential media moguls of all time, and his companies have shaped the way people consume news and entertainment around the world. Murdoch began his career in Australia in the 1950s, and he quickly expanded his media empire into the United States and other countries. He acquired Fox Broadcasting Company in 1986, and he launched News Corp in 1987. Over the years, Murdoch’s companies have acquired some of the most iconic media brands in the world, including The Wall Street Journal, The New York Post, HarperCollins Publishers, and 20th Century Fox. Murdoch’s comp