has announced that he is stepping down from his role as chairman of Fox and News Corp after 70 years.The billionaire, 92, will be taking on a new role of Chairman Emeritus, with his son Lachlan becoming the sole chairman of both companies.In a statement, Lachlan said: '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.
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