Rupert Murdoch Steps Down as Chairman of Fox's Parent Company

There's a race to avoid a government shutdown with little time to make a deal. Chaos reigns in the house as Republicans failed to advance a defense spending bill for the second time this week. Rupert Murdoch announcing he will leave his role as chair of Fox and News Corp, In mid-November, becoming chair emeritus of both businesses. His son Lachlan will take the reins, Part of a long-standing succession plan.

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