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

EXCERPT:

HEMMER: "First however, there is news about us today. And we have now some personal news to share with you this morning. Our boss Rupert Murdoch is transitioning from chair of our parent company, Fox Corporation. In a note to employees today he says he's decided that in November he will move to the role of chairman emeritus of both Fox and Fox Corp. He says going forward his son Lachlan will be the sole chair of both companies.”