AssetID: 53064304
Headline: Rupert Murdoch to step down as head of Fox Corp and News Corp
Caption: According to a news release, Murdoch will become chairman emeritus of both corporations. "For my entire professional life, I have been engaged daily with news and ideas, and that will not change. But the time is right for me to take on different roles." Rupert Murdoch, news release, via NBC. "In my new role, I can guarantee you that I will be involved every day in the contest of ideas." Rupert Murdoch, news release, via NBC. Murdoch's older son, Lachlan, will be named the sole chairman of both companies, NBC News reports.
Keywords: Rupert Murdoch,step down,Head,Fox Corp,News Corp,Television,Corporations,Emeritus,Chairman,Guarantee,News,Release,NBC,Lachlan,Son,Companies
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