Rupert Murdoch stepping down from 21st Century Fox

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NEW YORK (CNNMoney) –Rupert Murdoch, one of the world’s most influential media executives, is planning to step down as CEO of 21st Century Fox, according to a source with knowledge of the matter.

Murdoch, 84, is expected to hand over the reins to the media empire to his son James, but he will remain executive chairman.

Murdoch’s decision was first reported by CNBC.

By Brian Stelter

 

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