Rupert Murdoch to step down as Fox and News Corp chair

Elder son Lachlan will take over as tycoon (92) announces his retirement after 70-year career

Rupert Murdoch and his son Lachlan who will succeed him.

Henry Saker-Clark

Media tycoon Rupert Murdoch is to retire as chairman of his Fox and News Corp businesses.

The Australia-born businessman is set to be replaced in the role at both companies by his son Lachlan Murdoch.