Big news from the media world. Rupert Murdoch is stepping down as Chairman of Fox and News Corp as of November, with his son Lachlan succeeding him as sole chair of both. Murdoch will assume the title of Chairman Emeritus of each company, after seven decades in the print and broadcast industries. The Sun king, aged 92, wrote in a note to employees that:
Our companies are in robust health, as am I.
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