The End of an Era: Rupert Murdoch Steps Down, Son Lachlan Takes Over as Chairman of Fox Corp. and News Corp.

Rupert Murdoch, the influential media mogul who reshaped conservative media, has announced his plans to step down as chairman of Fox Corp. and News Corp. The 92-year-old Australian press baron will become chairman emeritus of both companies, while his older son, Lachlan Murdoch, will take over as the sole chairman. In a message to employees, Rupert Murdoch expressed his continued engagement with news and ideas in his new role.

The announcement of his resignation has shocked but not surprised Fox News employees, who believe Lachlan Murdoch was the obvious choice for the position. Murdoch's departure marks the end of a storied and controversial career, with his most lasting legacy being Fox News, which has faced criticism for pushing conspiracy theories and falsehoods. As Rupert Murdoch steps down, the conservative media landscape faces competition from brands such as Newsmax and One America News Network.

It remains to be seen how Fox News opinion hosts will navigate their relationship with former President Donald Trump, although the channel was instrumental in his political rise. Rupert Murdoch's decision to step down could lead to potential Succession-style battles within the companies in the future. Lachlan Murdoch's ascension to power came after a power struggle with his younger brother, James.