Rupert Murdoch steps down as Fox and News Corps. Chairman, assumes new role.
Rupert Murdoch Steps Down as Chairman of Fox and News Corps., Takes New Position
Longtime Fox Corp. chairman and founder Rupert Murdoch will step down from his position and will no longer be the company’s chief decision-maker, Fox announced in a news release Thursday.
The 92-year-old will take on a new position as chairman emeritus of both Fox Corp. and News Corp., the release said.
Murdoch will take on the honorary title in two months.
“Following a career that began nearly 70 years ago in 1954, Fox Corporation … and News Corporation … announced today that Rupert Murdoch is stepping down as chairman of each board effective as of the upcoming Annual General Meeting of Shareholders of each company in mid-November,” the company said.
As the media magnate takes a step back, his son Lachlan will see a more pronounced role in running the family business.
“Mr. [Rupert] Murdoch will be appointed Chairman Emeritus of each company,” the news release said. “Following the Annual General Meetings, Lachlan Murdoch will become sole Chair of News Corp and continue as Executive Chair and Chief Executive Officer of Fox Corporation.”
“On behalf of the FOX and News Corp boards of directors, leadership teams, and all the shareholders who have benefited from his hard work, I congratulate my father on his remarkable 70-year career,” Lachlan Murdoch said in a statement.
“We thank him for his vision, his pioneering spirit, his steadfast determination, and the enduring legacy he leaves to the companies he founded and countless people he has impacted,” the media scion added.
Do you watch Fox News?
“We are grateful that he will serve as Chairman Emeritus and know he will continue to provide valued counsel to both companies,” said Fox News hosts Bill Hemmer and Dana Perino during the live announcement on “America’s Newsroom” on Thursday morning.
RUPERT MURDOCH TO STEP DOWN AS CHAIR OF FOX AND NEWS CORP AFTER SEVEN-DECADE CAREER. Announced today, Rupert Murdoch is stepping down as chairman of each board effective as of the upcoming Annual General Meeting of Shareholders of each company in mid-November. Mr. Murdoch will be… pic.twitter.com/3c2ZjA708Z
— America’s Newsroom (@AmericaNewsroom) September 21, 2023
Hemmer shared a quote from his company’s founder.
“Our companies are in robust health and so am I,” Rupert Murdoch said. “The battle for the freedom of speech and ultimately the freedom of thought has never been more intense.”
Rupert Murdoch also said in the statement that his son is “absolutely committed” to protecting free speech.
The outgoing chairman founded what is now the Fox Broadcasting Co. in 1986 with only a handful of affiliates.
A decade later, in 1996, Fox News was launched.
The post Rupert Murdoch Out as Chairman of Fox and News Corps., Will Take New Position appeared first on The Western Journal.
Twork’s CEO Suzanne Scott.
What innovative strategies and initiatives has Suzanne Scott implemented to stay ahead in the competitive PAA market?
There is limited information available specifically about Suzanne Scott’s strategies and initiatives in the competitive PAA market. However, as the CEO of Fox News, she has likely implemented various innovative measures to maintain and enhance the network’s position. Some possible strategies and initiatives she may have undertaken include:
1. Emphasizing Opinion Programming: Fox News has been known for its opinion-based shows, which have attracted a loyal audience. Scott might have focused on building and expanding these programs to cater to their viewers’ interests and preferences.
2. Expanding Digital Presence: In today’s media landscape, a strong digital presence is crucial. Scott may have implemented strategies to enhance Fox News’ online platforms, such as the website and mobile apps, to reach wider audiences and compete with other news outlets.
3. Improving Diversity and Inclusion: There has been a growing importance placed on diversity and inclusion in media organizations. To stay competitive, Scott might have implemented initiatives to increase diversity both in front of and behind the cameras, ensuring a more inclusive and representative broadcast.
4. Adapting to Changing News Consumption Habits: With the rise of social media and streaming platforms, news consumption habits have evolved. Scott may have introduced initiatives to adapt Fox News’ content delivery approach to the changing landscape, including utilizing social media platforms, producing exclusive digital content, and exploring new distribution partnerships.
5. Addressing Trust and Credibility Concerns: The news industry has faced challenges related to trust and credibility. Scott might have implemented initiatives to enhance transparency, fact-checking, and journalistic standards within the organization to maintain and regain viewers’ trust.
6. Collaboration with External Platforms and Partners: To stay ahead in the competitive PAA market, Scott might have forged strategic partnerships and collaborations with external platforms, such as social media companies, news aggregators, or other media outlets, to expand the network’s reach and engage with new audiences.
It’s important to note that these strategies and initiatives are conjecture and not confirmed information about Suzanne Scott’s specific actions.
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