(FILES) This file picture taken on February 22, 2015, shows Rupert Murdoch arriving at the 2015 Vanity Fair Oscar Party in Beverly Hills, California. Rupert Murdoch will step down as chairman of his global media empire, handing the post to son Lachlan, Fox Corp. and News Corp. announced Thursday. The Australian-born 92-year-old, who built a global entertainment and news juggernaut, will shift into an emeritus status at both companies in mid-November, the companies said. (Photo by ADRIAN SANCHEZ-GONZALEZ / AFP)