Rupert Murdoch Steps Down, Son Lachlan Takes Over News Corp

Despite criticism, Lachlan Murdoch assures 'no change' in Fox News strategy as he assumes leadership.

Rupert Murdoch officially steps down as Executive Chairman of News Corp, handing over the reins to his son Lachlan.
Rupert Murdoch will now be Chairman Emeritus of FOX Corporation and News Corp, marking his final day at the former on Friday.
Lachlan Murdoch, 52, will become the sole chairman of both companies, marking the culmination of a succession plan announced earlier this year.
Rupert Murdoch addressed key global issues and the state of journalism in his final remarks, and also spoke about the opportunities and challenges presented by Artificial Intelligence (AI).
Despite criticism of Fox News' coverage and political influence, Lachlan Murdoch has vowed to investors that there will be 'no change' in strategy at Fox News.