Rupert Murdoch is stepping down as chair of Fox and News Corp, marking the end of an era for the powerful media billionaire.
Lachlan Murdoch, his elder son, will become sole chair of News Corp and continue as executive chair and chief executive of Fox, from mid-November.
The Australian-born mogul, 92, has over the past seven decades transformed an Adelaide newspaper that he inherited from his father into a global media empire, which is feared and courted by politicians across the English-speaking world.
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