The Wall Street Journal

Rupert Murdoch to step down as chair of Fox and News Corp after seven-decade career

Rupert Murdoch to step down as chair of Fox and News Corp after seven-decade career
(Image: Getty)
The Wall Street Journal
By Joe FlintRupert Murdoch is stepping down as chair of Fox and News Corp, after building a media empire over seven decades that revolutionized news and entertainment and made him one of the world’s most influential and controversial tycoons.Murdoch, 92 years old, will exit his roles atop each company as of November, when they hold annual meetings, the companies said. He will be appointed chairman emeritus of each company. His eldest son, Lachlan Murdoch, who has served as co-chair of News Corp, will become sole chair of that company...

More Media

BusinessDesk appoints Andy Macdonald
News in Brief

BusinessDesk appoints Andy Macdonald

Macdonald takes on the role of senior corporate finance correspondent.

Staff reporters 09 Sep 2025
Wētā FX narrows loss and rebuilds R&D
Economy

Wētā FX narrows loss and rebuilds R&D

New Zealand contracts rose 28% to $411m.

Gregor Thompson 04 Sep 2025
Big profits, minimal tax: New report on how to make Google, Facebook pay fair share of tax
News in Brief

Big profits, minimal tax: New report on how to make Google, Facebook pay fair share of tax

“Dodgy” but not necessarily illegal – and this could be tested.This is how tax expert Nick Miller describes the financial practices of Big Tech multinational giants – including Google, Facebook, Amazon, Microsoft, and Oracle – which make a lot of money in New Zealand and pay mini...

Staff reporters 04 Sep 2025
Warner Bros production unit moves into red
Finance

Warner Bros production unit moves into red

The production company flags a tax issue related to the Sky TV–Discovery deal.

Victoria Young 03 Sep 2025