Rupert Murdoch has decided to step down as CEO of the 20th Century fox and so many other media platforms after so many years of service. He has decided to hand the position over to his sons James as the CEO and Lachlan as the non-executive Co-Chairman of News Corp and 21st Century Fox This all began for Murdoch when his father died and left him in charge of a local Australian Newspaper in 1952 And now the powerful media phenomena broadened his horizon by including; The 20th Century Fox Film Studio, The Fox Broadcast Network, The Fox News Channel and Sky News. He also runs News Co-operation which helps publish The Wall Street Journal, British Times and some in Native Australia. His rise to the top has come with many challenges, in 2011 a phone hacking scandal led Murdoch to close his very successful British tabloid, News of the World. This made him answer questions from British politicians. During his testimony in court his then wife Wendy also grabbed headlines for what she did when a pie was thrown at her husband. He later divorced her in 2013. A year later he made an $80,000,000,000 bid for Time Warner the present company of CNN, but redrew his bid a month later, which would have been the biggest media merger in history. The powerful Media mogul has a Political and Cultural Standard. Respected by many and feared by many. We could be saying the same too about his sons James and Lachlan in 40 years to come.
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