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Rupert Murdoch announced he will be stepping down as the chairman of Fox and News Corp Thursday morning.His son Lachlan Murdoch will continue as executive chair and CEO of Fox Corporation and become the sole chairman of News Corp, while Rupert Murdoch will be appointed chairman emeritus of the two corporations, the company said in a press release. The moves will be completed in November. For my entire professional life, I have been engaged daily with news and ideas, and that will not change, Murdoch wrote in a memo to employees,CNN reported. 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. Rupert Murdoch led the global empire for nea
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