tv Business Today BBC News September 16, 2024 4:30pm-4:45pm BST
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he is, of course, rupert murdoch. but what happens to it after his death? his empire includes fox news, the sun and times newspapers here in the uk — and the wall streetjournal. today he's in court facing members of his family who are battling over the future of a family trust that controls the business. fans of the tv drama succession may be detecting a few parallels here. ritika gupta, our north america business correspondent, is following the story. is following the story. just explain this is happening. just explain this is happening. crucially, what it could mean. crucially, what it could mean. it really is like a scene out it really is like a scene out of that tv show. as you of that tv show. as you mentioned there. a court battle mentioned there. a court battle to determine the future of to determine the future of rupert murdoch's global empire. rupert murdoch's global empire.
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a family trust. at the heart of a family trust. at the heart of a battle is which of his a battle is which of his children will gain the most children will gain the most voting rights and power or voting rights and power or control for base fox news and control for base he dies. it is news court when he dies. it is news court when he dies. it is about their political leanings as well. rupert murdoch wants about to amend a trust so that his news court when he dies. it is at amend a trust so that his son can take control without son can take control without his siblings. the siblings are his siblings. the are now fighting back. what is his siblings. the siblings are now fighting back. what is interesting about this case is that it interesting about this case is it is taking place in thatitis interesting about this case is that it is taking place in total secrecy. this court is known for offering private settings or cases like these. there have been media petitions to break open that case which have been denied by thejudge. stakes are high to this case —— owning the new york post, fox news, and these powerful and influential outlets could see their political stance change
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it is taking place �* it. he freedom to dispose of it. he has already installed lock len as the chairman and the ceo of both these companies. he has already been in charge for many years. there are many other shareholders, but there are many other issues that could come up should the uk newspapers be sold. should they be buttressed... what is the future of fox news? it is one of the many issues that come up. like i say, there are many other shareholders with a very strong commercial and economic interest in the outcome of whatever happens to news court and fox corp. as we saw, rupert murdoch does not make decisions that are always 100% supported by shareholders. i5 that are always 100% supported by shareholders. is it that are always 100% supported by shareholders.— by shareholders. is it fair to sa this by shareholders. is it fair to say this isn't _ by shareholders. is it fair to say this isn't so _ by shareholders. is it fair to say this isn't so much - by shareholders. is it fair to say this isn't so much a - by shareholders. is it fair to l say this isn't so much a battle for control, it is a battle for that saying, that voice in the public discourse? politics or
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public discourse? politics or public discourse, whatever the news channels weigh in on. actually, it is about who has that voice and what direction they will travel in. it also raises a question, sorry, to anyone. do they have the influence they use?- anyone. do they have the influence they use? that is a very good — influence they use? that is a very good question. - influence they use? that is a very good question. the - very good question. the infant's question. we all know there is tremendous influence by tiktok or by facebook, instagram, whatever. a lot of people would say that, for example, in the us it is an election year. they would say, well, social media is an incredible powerful force to immobilise if you want to win. that question of relevance and so on is there. on the other hand, fox news is on... is a very powerful tv channel. there are a lot of people in the us that have it on 20 a7. i think there are a lot of issues, not
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just a political leaning, as i say, one of the company like news court, in particular. because it is across all these different markets, news assets, other kinds of assets, all of these are kind of like a conglomerate. it is a truism that probably the conglomerate parts, those parts are worth more than the conglomerate appears to be worth. what you see as a market value for fox and news corp isn't the break of value which is much higher. i think those kinds of issues will be really important. what is the future of newspapers? particularly in the uk, there might be different views among the siblings. it is about having one single view and continuity and stability, and an absence of interim warfare among the siblings. bearing in
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mind to lock len still has to convince the other shareholders of what he is doing. that convince the other shareholders of what he is doing.— of what he is doing. that is the issue- _ of what he is doing. that is the issue. that _ of what he is doing. that is the issue. that is - of what he is doing. that is the issue. that is the - of what he is doing. that is l the issue. that is the reason of what he is doing. that is i the issue. that is the reason i was asking you about the influence. rupert murdoch was hugely successful with these media properties, being able to change the discourse and win or decide elections. that is not true any more, one would argue. i wonder whether this whole battle over a business with shrinking, diminishing returns. when it comes to the outcome of decisions. . ., , decisions. the argument that is apparently _ decisions. the argument that is apparently being _ decisions. the argument that is apparently being made - decisions. the argument that is apparently being made by - decisions. the argument that is i apparently being made by rupert murdoch is precisely that one. because, obviously, the point is that if... there is really acn in the us and flock to lima fox news cannot become cnn. fox news attracts a huge amount of political advertising. therefore, you know, i really think this is actually about
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commercial interests. it is about very, very large commercial interests. because, you know, the solution would have been either for the siblings to have aggrieved to the change. that would have been more likely than not bought out in one way. but it is astronomical and lock len will have to assume itjust the same as if he —— the way rupert murdoch bought out his siblings years ago. murdoch bought out his siblings ears am. ., ,. ., murdoch bought out his siblings earsam. ., ., murdoch bought out his siblings earsao, ., ., ., " years ago. fascinating to talk to ou. years ago. fascinating to talk to yon it _ years ago. fascinating to talk to you. it will— years ago. fascinating to talk to you. it will be _ years ago. fascinating to talk to you. it will be fascinating i to you. it will be fascinating to you. it will be fascinating to see how this plays out. thank you. now to tiktok — because the social media giant is beginning a legal battle for survival in the us. it's in court as we speak to challenge a law signed by presidentjoe biden earlier this year — forcing its chinese parent company — bytedance — to sell off its us business or face a ban. tiktok claims it has more than 170 million users in the us. our north america technology
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correspondent lily jamali has more from san francisco. when the us congress passed the divestiture ban measure this spring, they did so with rare bipartisan support. lawmakers said tiktok could share the data of its 170 million american users with the chinese government and open the door to chinese propaganda. tiktok has denied those allegations. the company has called the measure "an extraordinary intrusion on free speech rights." it will make its case before a three—judge appeals court panel on monday. it will be joined by creators who make their living on the platform. department ofjustice lawyers will follow with the government's view. all the parties in the case have asked for a ruling by mid december. that would give the us supreme court the opportunity to take the case up, before any potential ban could take effect.
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to india now — where the entertainment industry is set to be transformed after regulators cleared a mega—deal between the walt disney company and billionaire mukesh ambani, one of the richest people in asia. arunoday mukharji reports on what it might mean for consumers — and advertisers. from a tv stories to a highly vetted cricket to or even the english premier league. they are all now going to be on one platform. a merger that could disrupt india's media landscape. across smartphones and television platforms, the combined entertainment powerhouse of reliance and walt disney company, giving 750 million viewers access to over 120 channels and global content from over 30,000 disney assets. these guys will have... industry expert... to take on
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the global heavyweights that have been... the country. it could also spark some concerns for the existing peers in the market. , , , market. this is the big thing. the strategy _ market. this is the big thing. the strategy over _ market. this is the big thing. the strategy over the - market. this is the big thing. the strategy over the years. | the strategy over the years. totally destroy value for the appetiser. and you will have your business.— your business. the merged entity is — your business. the merged entity is biggest _ your business. the merged entity is biggest cash - your business. the merged entity is biggest cash cow, | entity is biggest cash cow, broadcasting rights to stream india's most popular sport. a cricket crazy nation, disney together holds 80% of the sports streaming market. it is exactly what made india's competition commission set up and scrutinise the deal. the two of them _ and scrutinise the deal. the two of them together have signed _ two of them together have signed out roughly... dollars. once — signed out roughly... dollars. once you _ signed out roughly... dollars. once you secure the rights to
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broadcast, the right to sell those _ broadcast, the right to sell those rights to advertisers, they— those rights to advertisers, they have written the rights for the _ they have written the rights for the next couple of years and — for the next couple of years and therefore the regulator's concern _ and therefore the regulator's concern will be what will they be able — concern will be what will they be able to do for the next couple _ be able to do for the next couple of years.— be able to do for the next couple of years. experts, the watchdog. — couple of years. experts, the watchdog, reassures - couple of years. experts, the watchdog, reassures them i couple of years. experts, the l watchdog, reassures them that they don't use their leading market position to squeeze advertisers. it has been widely reported that they have pledged to not raise prices assessed sexily and discriminate against advertisers. something that would have helped address anti—competitive concerns and ensure the indian markets remains free from a scenario where too much power is concentrated in the hands of one entity. some news just some newsjust in. bowring, the plane maker says it has to make spending cuts. it is considering putting staff on
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in the run up to the us election — we have been speaking to people from across the political spectrum from all over the country. as we've been hearing — ryan routh, the suspect in an apparent assassination attempt on former president donald trump, has been charged with two federal gun charges. we're joined by democrat congressman representing sacramento county in the us house of representatives — ami bera. thank you for being with us. this is part of a wider discussion. we are checking with lots of people from different parts of the
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political spectrum. can i start with what has happened over the weekend and the second apparent assassination attempt. you are assassination attempt. you are a democrat, but what is your reaction to what has happened? i am glad that the former president is safe and in good spirits. this is a symptom of something deeper in american politics. political violence and the like. there is no place for that. certainly vibrant debate and so forth. but not vitriol. you are saying that at the centre of the debate. we have to tone the record to work —— rhetoric down. have to tone the record to work -- rhetoric down.— have to tone the record to work -- rhetoric down. have you seen some of the _ -- rhetoric down. have you seen some of the comments - -- rhetoric down. have you seen some of the comments from - some of the comments from donald trump speaking to fox news digital? he has apparently lamed the rhetoric, his rivals, for the latest attempt on his life. saying the government
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