The r as leader of ' parent company will leave his eldest son in control, raising questions about what the shake-up means for the cable news giant as it covers the 2024 election. of Fox News parent Fox Corp, after 92 year-old Murdoch on Thursday announced he is stepping down from both companies.The succession plan has been years in the making, with Lachlan taking over as CEO of Fox Corp in March 2019, when the company was formed from the assets left over from the sale of 21st Century Fox to Disney.
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