Rupert Murdoch Intends to Keep ‘Active Role’

“Wednesday marks Rupert Murdoch’s last day as chairman of News Corp., the publishing company that formed his initial entry into the U.S. market nearly 50 years ago. His son Lachlan Murdoch, the CEO of Fox Corp., will assume the role of chairman in his place,” the Hollywood Reporter reports.

“But he told shareholders of the company that he does not intend to ride off into the sunset.”

Said Murdoch: “I hope to continue an active role in the company.”