It’s the tip of a headline-making age for Rupert Murdoch.

In step with a Sept. 21 announcement, the 92-year-old billionaire is stepping indisposed from his place as chairman of Fox and Information Corp. “effective as of the upcoming Annual General Meeting of Shareholders of each company in mid-November.”

At that presen, the clicking reduce states, Rupert might be appointed Chairman Emeritus of the firms. Next the Annual Common Conferences, his son Lachlan Murdoch will change into sole chairman of Information Corp.—the media and publishing corporate—with the 52-year-old will even proceeding as Govt Chair and Important Govt Officer of the public’s alternative aggregate media corporate, Fox Company.

“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 mentioned in a Sept. 20 commentary. “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.”