Rupert Murdoch, the media magnate who built an unmatched global media empire over seven decades from a single newspaper he inherited in his native Australia, announced on Thursday that he would step down.
“I have been engaged daily with news and ideas, and that will not change,” Murdoch wrote in a memo to employees of both corporations. “The time is right for me to take on different roles.”
Murdoch’s career has been marked by a singular drive for business success and repeated scandals. The political alliances he struck helped to spark both.
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