Rupert Murdoch salutes son Lachlan as 'principled leader' as he takes helm of News Corp

Lachlan Murdoch will become the sole chair of both companies in November. As Rupert Murdoch marked his final day as Executive Chairman of News Corp on Wednesday, the media icon saluted his son Lachlan as the right man to lead the company forward. "Lachlan is a principled leader, and a believer in the social purpose of journalism. I hope to continue an active role in the company," Rupert Murdoch said during the company's annual shareholders meeting. Rupert Murdoch, 92, will now be Chairman Emeritus of FOX Corporation and News Corp; he will mark his final day at the former on Friday.