Rupert Murdoch is stepping down as head of Fox and News Corp. Â
The 92-year-old media mogul has been an influential figure in the US, UK, and Australia for decades, owning numerous tabloids, newspapers and TV channels. Â
He's passing the baton to his son Lachlan but will remain with both companies as chairman emeritus. Â
UK correspondent Vincent McAviney told Francesca Rudkin that Murdoch's age is a factor in him stepping down, with some reports of health problems in recent years.Â
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