Source: Bloomberg
Author: Molly Schuetz
After nearly 70 years of career, Rurth Murdoch will step down as Fox and Chairman of the News Group. He will become the honorary chairman of these two companies.
Murdoch, who is 92 -year -old, indicates the end of an era.In his career, he reshaped the media, entertainment, and even political patterns of the Atlantic Straits through a series of headlines and news editorial scandals.
Fox said in a statement on Thursday that Murdock's eldest son Larkland Murdoch will become the only chairman of the news group and will continue to serve as Fox's executive chairman and CEO.Although the Empire established by Murdoch is prosperous in the media era, which is dominated by newspapers, cinemas, cable televisions, and radio and televisions, similar achievements have not yet been prosperous in the new media era of streaming video and short format users.
At 11:11 am in New York time, Fox's stock price rose 2.3%to $ 31.88.News Group's stock price rose less than 1%until 19.85 US dollars.
Rupert Murdoch said in a letter to the employees of Fox, "It's time for me to take on different roles", and said "our company is very healthy, so is I".He promised that he would still "participate in ideas every day".
He said: "Fighting for freedom of speech is that the struggle to fight for freedom of thought is never as fierce as it is now."
