nothing about, you know, and go out, and i spent a number of -- wonderful years with, you know, barry diller, and michael eisner, katzenberg, a number of great people at the time, we had a great time. charlie bluehorn owned it. he was wonderful to deal with. then i went on and left there and said enough of that. louis mal became a great friend. i was editing one of his scripts once, and again, like being in the impeachment, i didn't know nothing. so he looks up at me and goes francis, and we became great friends. he said because i had no idea what i was doing. editing louis mal's script. but anyway, i loved it. and then i -- i lift, i said, this is wonderful. and headed out to australia, because there was a lot of young, interesting, dynamic filmmakers coming out of australia, and i thought it would be fun. and then woo came across a story, and i had to go get money, had to get financing, and i got money from from, it was still alive, guy named bob who was manager of the bee gees and others, and he produced saturday night fever, greece and all those and then the half he told me now go find t

barry diller recruited me because they don't care who you are. sort of you could -- they didn't care where you came from. that's what i loved about the business. it's true, you could work in the mail room one year and be president of the company. i loved the idea that there were no rules in the movie business. i thought what a wonderful way to sort of drain myself of this world, take a challenge i know nothing about, and go out -- i spent a number of wonderful years with -- it was barry dill her, michaelizer in, jerry cats enberg. then i went on and left there and said it's enough of that. louie mile became a great friend. i remember i was editing one of his scripts once. again, it's like being somewhere i know nothing. he said, franz, you don't know shit. i had no idea what i'm doing. but editing the miles script. i said this is wonderful. and headed off to australia because there was a lot of young, interesting, dynamic film makers coming out of australia. i thought it would be fun. then we came across a story that eventually became gal lip pee

. >> barry diller has actually managed to create some shareholder value there from that split. newscorp, a much larger -- >> that was a diller premium. >> a diller discount for a while. not that he isn't a friend of both of ours. back to newscorp, a much larger organization. when you talk about focus, bring me through why now, why you feel that perhaps it is less manageable or not as successfully managed as it was in the past. as a whole. >> i don't think that's true. i think it's something that we -- look, you can always do better. i'm not saying we've managed it barely in the past. the breadth of this company, the different things it's in, and geographically too. it always seems to add up to make a lot of sense. once we'd said let's try to do th this. >> i know you said the hacking scandal and other comments did not have anything to do with this decision, per se, trying to cut the risks of litigation. >> it doesn't change any difference in the legal situation. >> but did it figure into your thinking then because it occurred, because perhaps there wasn't enough oversight on yo