Rupert Murdoch praises his son as a “principled leader” as he hands over the reins of News Corp.

Rupert Murdoch is finally – supposedly – slowing down, with Wednesday marking his last day as News Corp.’s executive chairman. praised his son Lachlan, who is taking over his role as leader of the company.

Rupert Murdoch, 92, has vowed to continue playing an active role when he becomes News Corp’s chairman emeritus. and Fox Corporation, the latter, where he is scheduled to meet with shareholders on Friday in his final act as chairman.

Lachlan Murdoch is 52 years old and is currently the sole chairman of both companies.

“Lachlan is a principled leader who believes in the social purpose of journalism. I hope to continue to play an active role in the company,” Rupert Murdoch said on Wednesday during his farewell to News Corp.

Rupert Murdoch spoke about the “opportunities and challenges” of artificial intelligence in his remarks on Wednesday. He also talked about the Wall St. reporter. Journal” Evan Gershkovich, who remains detained in Russia.

But Murdoch saved his sharpest remarks for what he called the “intolerant elite” and those he claimed “consider dissent to be anathema.”

“Like my father, I believe that humanity has a ‘great destiny,’ and Lachlan certainly shares that belief,” Rupert said. “This sense of destiny is not only a blessing, but also a responsibility.”