Fox News: Rupert Murdoch Steps Down as Chairman of Fox and News Corp

HEMMER First however there ░░░░░░░░ news about us today ░░░░░░░░ we have now some ░░░░░░░░ news to share with ░░░░░░░░ this morning Our boss ░░░░░░░░ Murdoch is transitioning from ░░░░░░░░ of our parent company ░░░░░░░░ Corporation In a note ░░░░░░░░ employees today he says ░░░░░░░░ s decided that in ░░░░░░░░ he will move to ░░░░░░░░ role of chairman emeritus ░░░░░░░░ both Fox and Fox ░░░░░░░░ He says going forward ░░░░░░░░ son Lachlan will be ░░░░░░░░ sole chair of both ░░░░░░░░ In his note Rupert ░░░░░░░░ says for his entire ░░░░░░░░ life he has been ░░░░░░░░ engaged daily with news ░░░░░░░░ ideas and that will ░░░░░░░░ change And he says ░░░░░░░░ will still be an ░░░░░░░░ member of the Fox ░░░░░░░░ reaching out with thoughts ░░░░░░░░ ideas and advice as ░░░░░░░░ does every day He ░░░░░░░░ on to say quote ░░░░░░░░ companies are in robust ░░░░░░░░ as am I our ░░░░░░░░ far exceed our commercial ░░░░░░░░ We have every reason ░░░░░░░░ be optimistic about the ░░░░░░░░ years I certainly am ░░░░░░░░ plan to be here ░░░░░░░░ participate in them But ░░░░░░░░ battle for the freedom ░░░░░░░░ speech and ultimately the ░░░░░░░░ of thought he continues ░░░░░░░░ never been more intense ░░░░░░░░ father firmly believed in ░░░░░░░░ and Lachlan is absolutely ░░░░░░░░ to the cause end ░░░░░░░░ In a news release ░░░░░░░░ Lachlan congratulate his father ░░░░░░░░ a 70 year career ░░░░░░░░ media He says this ░░░░░░░░ thank him for his ░░░░░░░░ and his pioneering spirit ░░░░░░░░ steadfast determination and the ░░░░░░░░ legacy he leaves to ░░░░░░░░ companies he founded and ░░░░░░░░ people he has impacted ░░░░░░░░ quote We d like ░░░░░░░░ add our gratitude as ░░░░░░░░ Rupert Murdoch created all ░░░░░░░░ this and so much ░░░░░░░░ across America and the ░░░░░░░░ His life s work ░░░░░░░░ left an indelible imprint ░░░░░░░░ the global media landscape ░░░░░░░░ contributions are both innumerable ░░░░░░░░ extraordinary And we thank ░░░░░░░░ for letting us be ░░░░░░░░ part of it all ░░░░░░░░ you Rupert and congratulations ░░░░░░░░ Indeed And without him ░░░░░░░░ would not be here ░░░░░░░░ True on that Yes ░░░░░░░░ And we thank him ░░░░░░░░ that And the the ░░░░░░░░ the point about his ░░░░░░░░ in robust health and ░░░░░░░░ with ideas HEMMER Yes ░░░░░░░░ we can attest to ░░░░░░░░ HEMMER You re right ░░░░░░░░ it It s always ░░░░░░░░ to see Rupert in ░░░░░░░░ hallway and say Rupert ░░░░░░░░ s on your mind ░░░░░░░░ he s always got ░░░░░░░░ to share with you ░░░░░░░░ Everything HEMMER or a ░░░░░░░░ about what s happening ░░░░░░░░ the news Some of ░░░░░░░░ favorite moments that Rupert ░░░░░░░░ done in America When ░░░░░░░░ bought the Fox Broadcast ░░░░░░░░ when he made the ░░░░░░░░ bid on the NFL ░░░░░░░░ stunned everybody really changed ░░░░░░░░ company in a lot ░░░░░░░░ ways The day he ░░░░░░░░ The Wall Street Journal ░░░░░░░░ the iPad with Steve ░░░░░░░░ And as you just ░░░░░░░░ see him in the ░░░░░░░░ and PERINO Yeah HEMMER ░░░░░░░░ his ideas of the ░░░░░░░░ PERINO One of my ░░░░░░░░ moments was when he ░░░░░░░░ I had a quick ░░░░░░░░ And I said that ░░░░░░░░ read The Wall Street ░░░░░░░░ every day review an ░░░░░░░░ section and the columns ░░░░░░░░ he said Oh you ░░░░░░░░ the columns I said ░░░░░░░░ do And I said ░░░░░░░░ tell me a day ░░░░░░░░ the week and I ░░░░░░░░ tell you which columnist ░░░░░░░░ have So we bonded ░░░░░░░░ that Congratulations to him ░░░░░░░░ to HEMMER Yes PERINO ░░░░░░░░ to Lachlan Murdoch who ░░░░░░░░ been steadfast in all ░░░░░░░░ this HEMMER No doubt ░░░░░░░░ not stepping aside This ░░░░░░░░ just a transition PERINO ░░░░░░░░ HEMMER and we re ░░░░░░░░ excited crosstalk PERINO And ░░░░░░░░ you HEMMER Yeah thank ░░░░░░░░