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Rupert Murdoch to step down as News Corp and Fox chair

His son, Lachlan Murdoch, will become sole chairman of News Corp and Fox in November

Rupert Murdoch with his son Lachlan: 92-year-old Australian businessman says it is time he took on “different roles”, insisting he is in “robust health”. Picture: Getty

Rupert Murdoch will step down as chairman of Fox Corporation and News Corp, according to reports.

He will be replaced in both roles by his son, Lachlan Murdoch.

“For my entire professional life, I have been engaged daily with news and ideas, and that will not change,” the 92-year-old media mogul, wrote in a memo to employees.

“But the time is right for me to take on different roles, knowing that we have truly talented ...