Rupert Murdoch is stepping down as chair of his media empire, which includes Fox News, The Wall Street Journal and The New York Post. He is handing the reins to his son Lachlan.
Even after the sell-off of much of his Hollywood holdings, his properties also span Asia, Latin America and Europe.
Despite Murdoch's contempt for former President Trump, Fox amplified his baseless claims of having been cheated in the race. Documents from that legal case showAdvertisementIn a letter to staff explaining his decision to step away, the 92-year-old Murdoch took a shot at unnamed elites, saying they"have open contempt for those who are not members of their rarified class" and said most of the rest of the media was in"cahoots with those elites.
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