Rupert Murdoch steps down ushering a new era in media

Rupert Murdoch, the media magnate, has announced his departure from leadership roles in his companies, leaving his son Lachlan Murdoch in line to take over.

Rupert Murdoch, 92, founded Fox News Channel, a significant force in American politics, and has built a media empire that spans the United States and Britain. He will become chairman emeritus of Fox Corp. and News Corp. starting in November. Lachlan will become News Corp. chairman and continue as CEO of Fox Corp.

The future of Fox News may evolve under Lachlan's leadership, with some predicting changes in its direction and even a potential sale.  Despite his age, Rupert Murdoch plans to remain active and engaged in his company's affairs. His media empire includes Fox News, Fox broadcast network, The Wall Street Journal, and the New York Post.

Rupert Murdoch's exit from his leadership roles surprised some, as he has been a dominant figure in the media industry. However, changes may occur in the future when control of the Fox empire reverts to his four adult children, each with an equal say in the business. Major changes at Fox News could happen under James Murdoch's leadership, as he holds more liberal views compared to Lachlan.

The impact of Rupert Murdoch's media empire on American politics and media has been profound, with Fox News playing a pivotal role in shaping political discourse. Critics view Fox News as a source of disinformation and a contributor to partisan divisions in the country. Despite controversies and scandals, Rupert Murdoch has remained a powerful and influential figure in the media industry on multiple continents.

[Information sourced from AP News]