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Rupert Murdoch Steps Back from Fox, News Corp

TheMotleyFool

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He is the eldest boy!

On Thursday, 92-year-old Rupert Murdoch announced he's leaving his dual chair posts at Fox and News Corp, naming oldest son Lachlan Murdoch as his replacement. Unfortunately for the crown prince, there is not much by way of peace in the kingdom, and indications are this may not be the longest of reigns.

Source Fool.com