NEW YORK – Mr Rupert Murdoch has stepped down as chairman of Fox Corp and News Corp, ending a more than seven-decade career during which he created a media empire spanning from Australia to the United States.
His son, Mr Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday. The transition solidifies Lachlan’s role as the leader of the media empire, putting to rest questions of succession within the Murdoch family.scrapped a plan that would have reunited his media empireMr Murdoch, who has near-controlling stakes in both companies, will be appointed chairman emeritus of both the companies.
In a memo to staff Thursday, Mr Murdoch wrote: “Our companies are in robust health, as am I.” REUTERS
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woman scatters brother’s ashes into packed Ibiza club pool, sparking outrage on social mediaA woman, who scattered her late brother’s ashes into a swimming pool at a club in Ibiza in Spain, has sparked a backlash on social media. In a video posted on social media in September, the unidentified woman is seen standing in a shallow pool and scattering what...
Source: thenewpaper - 🏆 7. / 63 Read more »
Cecilia Cheung said to be in custody battle with Chinese billionaire, rumoured father of youngest sonMedia tycoon Sun Donghai was one of the men who was previously named as Cecilia's mystery baby daddy.
Source: TODAYonline - 🏆 1. / 99 Read more »
Indonesian President Jokowi denies Prabowo resorted to violence in Cabinet meetingMr Jokowi said the public should always verify information from social media. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
$10m lost in malware scam where victims’ banking credentials stolen by keylogger hidden in appThe victims were lured by services such as home cleaning or pet grooming advertised on social media. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
At least S$10 million stolen in new malware scam targeting mobile banking customersScammers advertise services on social media and persuade people to download Android Package Kit (APK) which contains malware
Source: IndependentSG - 🏆 9. / 63 Read more »
Probe under way over claims Malaysian MP was ‘vaping’ in ParliamentPictures circulating on social media show the opposition MP holding a pen-like object to his mouth. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »