Rupert Murdoch To Step Down As Chairman Of Fox, News Corp
Portfolio Pulse from Adam Eckert
Rupert Murdoch is set to step down as chairman of Fox Corp (NASDAQ:FOXA) and News Corp (NASDAQ:NWSA) in mid-November. His son, Lachlan Murdoch, will take over as sole chair of News Corp and continue as executive chair and CEO of Fox. The announcement comes after Fox agreed to pay a $787.5-million settlement to Dominion Voting Systems in April and a year ahead of the 2024 presidential election.
September 21, 2023 | 2:14 pm
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NEUTRAL IMPACT
Rupert Murdoch's departure as chairman could lead to changes in Fox Corp's strategic direction, potentially impacting the company's stock.
Rupert Murdoch's departure could lead to changes in the company's strategic direction. However, as his son Lachlan Murdoch is taking over, the impact may be mitigated.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Rupert Murdoch's departure as chairman could lead to changes in News Corp's strategic direction, potentially impacting the company's stock.
Rupert Murdoch's departure could lead to changes in the company's strategic direction. However, as his son Lachlan Murdoch is taking over, the impact may be mitigated.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100