Global Australian media mogul Rupert Murdoch has announced he is retiring as chairman of his successful companies at the age of 92.
The boss of News Corp and Fox confirmed in a statement late on Thursday night it is"the right time" to take on"different roles" after a remarkable seven-decade long career.
"But the time is right for me to take on different roles, knowing that we have truly talented teams and a passionate, principled leader in Lachlan who will become sole Chairman of both companies." During his decorated career, he watched media transform from newspapers to the digital landscape it is in today, investing in new mediums along the way.
Murdoch was born in Melbourne to Australian newspaper proprietor Sir Keith Murdoch and was educated at prestigious private school Geelong Grammar. Murdoch stressed he would not be successful without the contributions from cleaners, to truck drivers distributing newspapers, to those working behind the camera, and those writing news to inform every day people about what was happening."Our opportunities far exceed our commercial challenges. We have every reason to be optimistic about the coming years - I certainly am, and plan to be here to participate in them.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What does Rupert Murdoch’s resignation mean for his UK media outlets?Lachlan Murdoch doesn’t share his father’s interest in Britain but Rupert is still deemed ‘very much in control’
Read more »
Rupert Murdoch often wishes Donald Trump dead, Michael Wolff book saysMedia mogul has become ‘a frothing-at-the-mouth’ Trump critic, Fire and Fury author writes in new book, The Fall
Read more »
Rupert Murdoch ‘often wishes Donald Trump was dead’Trump’s death has become a recurrent subject in the Australian billionaire’s rants, according to new book.
Read more »
Rupert Murdoch ‘often wishes Donald Trump was dead’Trump’s death has become a recurrent subject in the Australian billionaire’s rants, according to new book.
Read more »
Rupert Murdoch steps down as chairman of Fox and News CorpAfter building an empire over seven decades, the Australian-born media mogul, 92, announced he is handing the reigns over to his son, Lachlan.
Read more »
Rupert Murdoch steps down as chairman of Fox and News CorpAfter building an empire over seven decades, the Australian-born media mogul, 92, announced he is handing the reigns over to his son, Lachlan.
Read more »