'For my entire professional life, I have been engaged daily with news and ideas, and that will not change.'
Rupert Murdoch
"I am writing to let you all know that I have decided to transition to the role of Chairman Emeritus at Fox and News," Murdoch wrote. "For my entire professional life, I have been engaged daily with news and ideas, and that will not change. 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.
Murdoch went on to say the battle over freedom of speech and freedom of thought had never been more intense, and he said his family remained firmly committed to that cause. He criticized both contemptuous elites and the media in "cahoots" with them for pushing narratives rather than seeking the truth.
"On behalf of the FOX and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career," said Lachlan Murdoch. "We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted.
In 1980, News Corporation was established to consolidate international operations of its growing roster of newspapers, magazines and television assets. By 1985, Murdoch took ownership of Twentieth Century Fox as well as some regional television stations in some major U.S. markets.Rupert Murdoch greets the then Prime Minister of Australia Tony Abbott at an event commemorating the 50th anniversary of The Australian newspaper.
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