LOS
ANGELES and NEW
YORK, Sept. 21, 2023 /PRNewswire/ -- Following a
career that began nearly 70 years ago in 1954, Fox Corporation
("FOX") (Nasdaq: FOXA, FOX) and News Corporation ("News Corp")
(Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) announced today that
Rupert Murdoch is stepping down as
chairman of each board effective as of the upcoming Annual General
Meeting of Shareholders of each company in mid-November. Mr.
Murdoch will be appointed Chairman Emeritus of each company.
Following the Annual General Meetings, Lachlan Murdoch will become sole Chair of News
Corp and continue as Executive Chair and Chief Executive Officer of
Fox Corporation.
"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. We are grateful that he will serve as
Chairman Emeritus and know he will continue to provide valued
counsel to both companies."
A timeline of Rupert Murdoch's
career is available at www.foxcorporation.com/rupert-murdoch.
Hi-res images are available to registered members of the media
to download at www.foxcorp.foxflash.com.
About Fox Corporation
Fox Corporation produces and
distributes compelling news, sports, and entertainment content
through its primary iconic domestic brands, including FOX News
Media, FOX Sports, FOX Entertainment, FOX Television Stations and
Tubi Media Group. These brands hold cultural significance with
consumers and commercial importance for distributors and
advertisers. The breadth and depth of our footprint allows us to
deliver content that engages and informs audiences, develop deeper
consumer relationships, and create more compelling product
offerings. FOX maintains an impressive track record of news,
sports, and entertainment industry success that shapes our strategy
to capitalize on existing strengths and invest in new initiatives.
For more information about Fox Corporation, please visit
www.FoxCorporation.com.
About News Corp
News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV) is a global,
diversified media and information services company focused on
creating and distributing authoritative and engaging content and
other products and services. The company comprises businesses
across a range of media, including: digital real estate services,
subscription video services in Australia, news and information services and
book publishing. Headquartered in New
York, News Corp operates primarily in the United States, Australia, and the United Kingdom, and its content and other
products and services are distributed and consumed worldwide. More
information is available at: http://www.newscorp.com.
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SOURCE Fox Corporation