In a memo to employees, Murdoch said his son Lachlan would become sole chairman of Fox Corporation and News Corp.
His son Lachlan Murdoch will become sole chairman of both"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 on Thursday."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.
In 1986, Murdoch got into the TV business after he purchased several US television stations and created Fox Broadcasting.
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