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Rupert Murdoch steps down as chairman of Fox, News Corp

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Media mogul Rupert Murdoch, 92, has stepped down as the chairman of Fox Corp FOXA.O and News Corp NWSA.O, ending a more than seven-decade career in which he created an empire spanning from Australia to the United States.

His son, Lachlan Murdoch, will become the chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday.

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