Rupert Murdoch, the Australian press baron who reshaped conservative media in his image, plans to step down as chairman of Fox Corp. and News Corp.
He will become chairman emeritus of the two corporations, Fox Corp. announced in a news release. His older son, Lachlan Murdoch, will become the sole chairman of both the firms.
Fox Corp. and Fox News were sued over those false allegations, most notably by Dominion Voting Systems, which settled with the companies for a staggering $787.5 million in April, averting what had promised to be a high-stakes trial.
In recent years, Fox News opinion hosts have drawn intense criticism for pushing conspiracy theories and falsehoods, including airing baseless claims of voter fraud after then-President Donald Trump lost the 2020 election to Joe Biden.