
Newsweek
Rupert Murdoch announced that he was standing down as chair of Fox Corporation and News Corporation and handing both roles over to his eldest son Lachlan, in a letter to employees on Thursday. The Australian-born media tycoon hit out at elites, which "have open contempt for those who are not members of their rarefied class." Rupert Murdoch also said "our companies are in robust health, as am I." However, one media expert told Newsweek that Lachlan will have major challenges. Fox News faces a second major lawsuit after falsely claiming...