"I have decided to transition to the role of Chairman Emeritus at Fox and News," his letter, addressed to "Dear Colleagues," reads. One of his sons, Lachlan Murdoch, "will become sole Chairman of both companies."
"My father firmly believed in freedom," Murdoch adds, "and Lachlan is absolutely committed to the cause. Self-serving bureaucracies are seeking to silence those who would question their provenance and purpose. Elites have open contempt for those who are not members of their rarefied class. Most of the media is in cahoots with those elites, peddling political narratives rather than pursuing the truth," he claimed.
The Washington Post's Aaron Blake was among the many who pointed to Murdoch's "elites" remark.
"Murdoch in his letter: 'Most of the media is in cahoots with those elites, peddling political narratives rather than pursuing the truth,'" Blake writes, before pointing to court documents from the Dominion Voting Systems lawsuit Fox News settled for $787 million. "Murdoch in the Dominion documents: Showing exceeding concern about angering the most powerful man in the world [Donald Trump] by telling the truth."
Author, editor, and professor of international relations, Nicholas Grossman, also focused on Murdoch's "elites" remark.
"Rupert Murdoch's parents had the titles of Sir and Dame. He's a multi-billionaire, and very influential, owning prominent news outlets in the US, UK, and Australia. The notion that Murdoch, of all people, is not elite, and not in cahoots with media, is ridiculous, absurd, insane."
Although Murdoch's move is not effective until the shareholders' meeting in November, his announcement comes just one day after a Vanity Fair interview with author Michael Wolff: "Murdoch Chronicler Michael Wolff Foresees the Fall of Fox News: 'It Will Cease to Exist in Its Present Form.'"
"Now, with The Fall: The End of Fox News and the Murdoch Dynasty, Wolff has directed his poison pen back to a topic that helped make his name," Vanity Fair's Joe Pompeo writes.
Wolff's focus is on what happens to Fox News after the 92-year old Rupert Murdoch dies, and how his more liberal son James might impact the media empire.
"I think it will cease to exist in its present form," after Murdoch's death said Wolff. "I think it will go into a radical transition in which, either James Murdoch will take over and change it into something else, or they will sell it. Fox has existed in its present state just for one reason: It’s controlled by Rupert Murdoch, who is the one man who can stand up, or has been able to stand up, to the political and social opprobrium at a fierce, fierce level, and to do this for the sake of making enormous amounts of money. But when he departs, that changes very clearly and very quickly."
Wolff added he thinks the "logical" decision will be to sell off Fox News.
"I think it’s more logical, at any rate, to sell the whole damn thing. And I think the position that cable television news is not going to get more valuable, it’s only going to get less valuable, is persuasive."
Wolff Thursday morning reposted this photo:
Political and journalism experts, like foreign policy, national security and political affairs analyst and commentator David Rothkopf, on Thursday cheered the Murdoch news and denounced his reign.
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"On this happy day on which Rupert Murdoch has announced his retirement, let us reflect on the fact that no single individual has done more damage to Western democracy or more for the intellectual and moral decay of our society during the past half century than Rupert. Good riddance," wrote Rothkopf.
"I believe one could accurately argue that Rupert Murdoch did more to corrode American democracy and fuel division than any other individual in modern history," wrote veteran intelligence officer, activist, and social media personality Travis Akers. "His departure from Fox News leaves a wake of public distrust, violence, and a nation in a cold civil war."
Author and former Chicago Tribune editor Mark Jacob adds, "Millions of Americans are more ignorant and less loyal to our democracy because they got their'news' from Rupert Murdoch."
MSNBC's Medhi Hassan wrote: "As Rupert Murdoch announces his 'retirement', a reminder that some of the worst things we have had to experience in recent years - the Iraq war, the rise of Trump, the Big Election Lie - are all thanks to him and to Fox."
Media Matters for America President Angelo Carusone served up this warning:
"Lachlan Murdoch is worse than Rupert Murdoch, so you’ll basically just get a more malevolent version of Fox that will also be even more chaotic since Lachlan is both a less competent leader and Fox is facing an especially turbulent period that Lachlan has no idea how to navigate."
With an eye to the future, veteran journalist Kara Swisher offered this on Lachlan Murdoch: "Prediction: It will be a short reign of the crown prince — after the old man goes, the other siblings will have the con and it will all be sold off (Elon? Right leaning PE firm or media org?)."
Media Matters' Madeline Peltz also glimpsed into what the future might look like under Lachlan's leadership.
"Lachlan Murdoch is now the sole chairman of his family's media empire. He is a dangerous ideologue who unwaveringly backed Tucker Carlson's white supremacy on the network," Peltz said, referring to the now-former top Fox News host. She added: "Murdoch was the number one champion of Tucker Carlson, even as he cost Fox News millions in ad revenue and spread dangerous extremism that inspired acts of right-wing terrorism around the world."
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