Conservative media mogul Rupert Murdoch hands empire to son Lachlan

The Australian-born mogul, who built a global entertainment and news juggernaut instrumental in events from the Margaret Thatcher era to the rise of Donald Trump, will step back at the age of 92, starting mid-November, Fox Corp. and News Corp announced.

With a letter to colleagues saying he'd decided to"transition to the role of Chairman Emeritus," Murdoch drew a line under a remarkable career that saw him rise from local news in Adelaide, Australia, to amassing a stable of legacy newspapers in Britain and the United States, before launching into broadcast media.

But the operation's news division has drawn frequent criticism under his leadership for blurring the line between commentary and journalism. Fox News anchor Bill Hemmer offered gratitude, saying Murdoch's"contributions are both innumerable and extraordinary."Lachlan Murdoch, the appointed successor of Rupert Murdoch's media empire, shown in July 2017. Photo: Drew Angerer / GETTY IMAGES NORTH AMERICA/Getty Images via AFPCritics such as Angelo Carusone, CEO of Media Matters for America, a liberal group, painted a different picture.

"In Fox News, Murdoch created a uniquely destructive force in American democracy and public life, one that ushered in an era of division where racist and post-truth politics thrive," Carusone said."The

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