Financial Times -End of an era as Murdoch hands reign of media empire to elder son 

Media mogul Rupert Murdoch is pictured on the front page of the FT. The  92-year-old is stepping down as chair of media companies Fox and News Corp and handing control to his eldest son, Lachlan Murdoch.

The paper says Murdoch has “over the past seven decades transformed an Adelaide newspaper he inherited from his father into a global media empire, which is feared and courted by politicians across the English-speaking world” and calls the move the “end of an era”.