Rupert Murdoch stepped down as the chairman of Fox Corp and News Corp on Thursday, ending a long reign that saw him develop and lead a global media empire.
The 92-year-old told employees that the companies were "in robust health, as am I" as he announced he was stepping down as the firms' chairman.
"Our opportunities far exceed our commercial challenges," Murdoch said in a letter seen by Reuters.
"We have every reason to be optimistic about the coming years - I certainly am, and plan to be here to participate in them. But the battle for the freedom of speech and, ultimately, the freedom of thought, has never been more intense," he added.
UK's Jaguar Land Rover to cut 4,000 jobs over next two years
Salik renews tolling technology deal for five years
Volkswagen flags 50,000 job cuts across group
UAE tightens anti-fraud rules, sets 24-hour deadline to withdraw fake goods
Apple facing $2.7 billion UK lawsuit over 'unfair' app tracking rules
