to lachlan. �* ., ., ., �*, ., lachlan. lachlan. i'm afraid that's all the time we _ lachlan. i'm afraid that's all the time we have. - lachlan. i'm afraid that's all the time we have. thank i lachlan. i'm afraid that's all| the time we have. thank you very much for your time here on newsday. straight to the us now where presidentjoe biden has approved a new package of security assistance for ukraine valued at $325 million. it includes upgrades to air defences — but not the long—range missiles that president zelensky has been requesting. the announcement came at the end of a meeting between the two presidents at the white house. earlier mr zelensky briefed us senators about his government's plans. isa is a picture is coming in from the us where president zelensky has been speaking to the national archives. that's where he is at the moment carrying out his address. i'm joined now by helena humphrey who's at the white house. good to see you back on the programme. what's the latest in terms of assurances from the us to ukraine

lachlan murdoch is a bit more of a nihilist.hat means there's not much of a core there that will tether him. if it serves a short-term interest, he will engage in it. what that means is they will burn brighter and hotter. amy: a book with the new york times" reported james murdoch has raised the possibility he would seek to rally this to sisters devote with him to wrest control of the company away from lachlan murdoch after their father's death. these to be people talked about if rupert murdoch dies, -- rather, when rupert murdoch dies, change to "if" he ever dies. >> the way the companies are structured, they're owned by a trust. the trust that rupert murdoch exercises total control over the trust while he is alive but when he dies each of his children get an equal vote. there are four of them. james has to rally his siblings and lachlan murdoch would not be in control anymore. that is in cordon -- important. he does not have a long runway. if you are looking murdoch any of these resources to make investment, you know your time

his son lachlan said his dad would never retire.is companies have been shrinking over the years and struggling against the media headwinds that all media companies are facing. for example, streaming and the struggles of newspapers. rupert murdoch is not the swashbuckling feared and reviled media mogul that he once was. that he was for decades. he was strangely passive in recent years as his fox news network in the us promoted lies about voter fraud in 2020. he seems to be the passenger than the driver, more like the passenger than the captain of the ship, so the announcement today confirms and signifies that. we announcement today confirms and signifies that.— signifies that. we have 'ust had a statement from h signifies that. we have just had a statement from lachlan - signifies that. we have just had a| statement from lachlan murdoch, signifies that. we have just had a - statement from lachlan murdoch, he says on the calf of the directors, leadership teams and all the shareholders who have benefited from his hard work, i congratul

james, elisabeth and lachlan.dult daughter, prudence, who famously has wanted nothing to do with the company for many years. then there's two younger children — so six children total — and over the years some of them have positioned, manoeuvred for power, but it's been pretty clear for about a decade now that lachlan was the chosen son. james murdoch is disgusted by what airs on fox news in the us — he has moved away from the companies — he even quit the news corporation board in 2020. so lachlan has been in line for a while, but he's always been sharing power with his father. i think one of the questions now is, how involved will rupert actually be? if this retirement or just semi—retirement? does this foreshadow other changes to the company in the months to come? so far the indication is no, and that lachlan murdoch will continue with the same strategies that his father has preceded. for example, trying to push google and facebook to pay up for content, and trying to move more into streaming wars. we're joined b

i think lachlan is aligned to his i lachlan is aligned to his father's political views. more conservative than his father. i think the question is how is he going to go in terms of dealmaking? i am sort of curious about his dealmaking prowess vis—a—vis his father, and also his love affair with things like the newspapers are not as apparent as his father's, so i think those other things to watch — what happens to the newspaper titles in australia and there in the uk, and where things go in the next couple of years. find uk, and where things go in the next couple of years.— next couple of years. and very briefl - next couple of years. and very briefly - the — next couple of years. and very briefly - the question - next couple of years. and very briefly - the question of- briefly — the question of succession has been a subject of conversation and we have seen it reflected in popular culture. what makes rupert murdoch and the company get the kind of attention if usually gets? it kind of attention if usually nets? , , gets? it is his political power- _ gets? it is his politica

he, rupert, has clearly put his thumb on the scale for lachlan. lachlan has the job for now.fies the company -- there are many and two that matter the most under lachlan. however, there could be a fight with his other siblings. his brother, james, who's now outside the company, has been seen as someone who may rally his two other siblings, two sisters, to outvoc lachlan, should that day come to pass. rupert murdoch is 92. it should be said that his mother died shortly before her 104th birthday. >> what else are you going to be watching? what is the biggest impact that this is going to have, do you believe? >> well, i will be watching what it means, for one, in terms of 2024. will lachlan murdoch play the out front role that his father played in american politics and global politics? you mentioned just a minute ago that lachlan had his qualms about former president trump, but former president trump is still very popular with the fox base. if they stay true to form, under lachlan, the network will go where the ratings are. will lachlan do something different? again, not expecte

i lachlan murdoch is set to take the helm? ~ , lachlan murdoch is set to take the helm?ink he is a bit of chip off the old _ helm? i think he is a bit of chip off the old block, _ helm? i think he is a bit of chip off the old block, certainly - helm? i think he is a bit of chip off the old block, certainly in i off the old block, certainly in terms of the politics, so you won't see any change in terms of maggot republicanism, fox news, client denial, those sorts of things and rupert wants to hand over to somebody like him and lachlan is the only adult child standing who is prepared to continue on what rupert has done but there's only one rupert murdoch, so at one level it's quite unfair to murdoch, so at one level it's quite unfairto think murdoch, so at one level it's quite unfair to think one of his kids can sit there and become chairman of two enormous global media empires and running from sydney where he has moved back to a couple of years ago. so i think it's a bit of a poison chalice but he wants to be able to prove he can make decision and run the company without

his son lachlan will take over.es as chief executive of fox corporation and will become sole chairman of both companies. mark easton reports. even at the age of 92, rupert murdoch is regarded by many as the most powerful person on the planet. rumoured to be able to change governments, making or destroying political careers without ever having to win a vote from anyone. as the billionaire head of the media giant news corp, murdoch's influence on britain has been profound for more than half a century. music. the tv series succession was a thinly—veiled take on the murdoch dynasty and the family's battles to take over control of the global business. now we have a new episode, and it's real. rupert is stepping away from the seat at the head of the table. his son lachlan, seen here on the left, will take the reins. in a statement today, rupert murdoch said, "our companies are in robust health, as am i." "we have every reason to be optimistic about the coming years. "i certainly am and plan to be here to participate in th

and news corporation — passing the family empire to his eldest son lachlan.nd seven years after blasting off, a rocket prepares to deliver what scientists hope will be the secrets to how life began on earth. hello. ukraine's president zelensky has arrived in canada on an unannounced visit, his first to the country since russia's full—scale invasion last year. he and his wife were welcomed by prime ministerjustin trudeau. on thursday, president biden announced a new $325 million dollar aid package for kyiv from the united states, after meeting mr zelensky at the white house. our correspondent, helena humphreys, has more details on what is — and isn't — included in the deal. it amounts to some $325 million in weaponry, specifically when it comes to air defence, something we know that president zelensky had been calling for. more ammunition, as well — ammunition to be fired from those powerful himar rocket systems. more abrams tanks as well, or abrams tanks which will be on the ground in ukraine, we now understand, from next week. specifically, though, it didn't

i think that it is correct that lachlan is considered very conservative, and perhaps even further to the right than rue bert. it is going to remain to be seen whating now, when he looks to stop, he is around for advice, so i don't know how much is going to materialize. we won't notice a difference of the programming on fox news or fox channel. lachlan has been the heir apparent and that he is going to continue the legacy in how his father is staying competitive. >> this is a big moment. i want to ask you, oliver, was this expected? a lot of people were looking at rue bert murdoch's age at 92, and a lot of talk, and books written about when get out of the picture like lee, but is this expected? >> well, he is 92 years old and he is running a huge global operation. so, you know, maybe not too surprising that he wants to give the throne officially to his son lachlan. of course, lachlan has been chief executive of fox corporation for the last several years, and this is not going to disappear, because he is going to be around for advice and involved in the contest of ideas, so maybe he is

you know, lachlan was the likely successor.ugh the market. wave through the company. itjust raises a lot of questions about what's next, why, what will change and when will it happen. murdoch has said that he plans to step down in mid—november, but we don't have an indication as to why he's chosen that timing. he did make a point to be up and about, being visible and interacting with fox employees this week, and that would lead us to say that, you know, it's not a health concern that's making him choose this timing. but i will point out to you that we're at an interesting moment in the publishing industry. murdoch is going to be in the eye of the storm, so to speak, with a couple of big books coming out about him. on tuesday, we're getting a book from michael wolff, and as you remember, wolff is the chronicler of donald trump's presidency, writing three best—selling books, including fire and fury and siege and landslides. so murdoch will get the wolff treatment next week. and after that, we'll see a book by brian stelter, who y

his son, lachlan, will take over.rdoch said he would still take an active interest in the companies and in what he called "the daily contest of ideas". here's our culture editor, katie razzall. the most powerful media mogul in the world, rupert murdoch is rumoured to be able to change governments, making and destroying political careers. for more than half a century his influence on britain has been profound. his professed philosophy always antiestablishment was yellow we don't believe that people who set themselves up in positions of privilege or of public figures or public role models and either make money from that or get power from that, we either make money from that or get powerfrom that, we believe either make money from that or get power from that, we believe they should be looked at. indie power from that, we believe they should be looked at.— power from that, we believe they should be looked at. we believe in a democracy now— should be looked at. we believe in a democracy now -- — should be looked at. we bel

seemed like james, the other son and then lachlan came in and it seems lachlan is the heir apparent -not the heir apparent. the heir. >> what does this say and what do you think this will portend for this massive media company for the direction that is fox news. he is not just any media mogul. he had a strong hand in the direction things took and the people put in charge like the era of roger ailes. >> i think if someone like james murdoch, the son who tends to be more liberal on things, were to come into power, i think that would mean mayor changes are coming to the companies. but with lachlan i think he's in line with his father's vision, said to be conservative on things. i'm not sure how much of a change editorial you'll see. but certainly there's going to be some change. lachlan is not his father. so what that looks like, i don't know, i can't tell you right now p. but i would imagine that someone new coming in, taking the throne, that is going to lead to some change. >> even in this letter he takes a shot at the elites, which is always a fascinating kind of juxtaposition. becaus

lachlan has congratulated his fatherent goes on to say our opportunities far exceed our commercial challenges. lachlan has congratulated his father

>> lachlan's more affable. more conservative than his father.ion is whether he can convince his adult siblings who help run the family trust that he can do the job. >> reporter: upon rupert murdoch's death, his other children could challenge lachlan. in the meantime, experts say that viewers and readers of what the murdoch media empire puts out should expect no major canges. jo ling kent, cbs news, los angeles. >>> nasa is delivering a special package from space. a spacecraft is set to fly by the earth on sunday and drop off what's expected to be -- get this -- the biggest sample yet from an asteroid. a capsule carrying the sample is supposed to parachute down and land in the utah desert. scientists are hoping to collect half a pound of pebbles and dust to study. the spacecraft is not done yet. it will then head off to another asteroid. >>> coming up here on "cbs mornings," singer-songwriter stephen sanchez. this is the "cbs morning news." stephen sasanchez. this is s the "cbs m morning ne" the papandemic mayay be over, but t unfortunatately cov

i want to get into lachlan in a moment let's start with this decision by his father to step down whatlearned about this decision >> that's right. l rupert murdoch said for decades he would never retire. times have chaunged. decades have changed the somehow succession on hbo has shown us how complicated this can be. ultimately what rupert is doing is a form of semiretirement. yes, he's still at the the fox office in los angeles this week, still puttering around he said he'll be watching and reading and responding to everything but he is ultimately giving up control to his son lachlan who is more conservative in some ways than his father he is certainly much younger he lives in australia most of the year he is the chosen son out of all of the members of the rupert murdoch family lachlan is the one to go forward now with this company: i don't think it means dramatic changes at fox news or the other brands, but what it does mean is it's going to open further questions about how involved lachlan is and whether he's the right man to run the ship, steer the ship. >> let me read the stame mor

his son lachlan will take the reins. prt of a long-standing succession plan. but this won't be your typical of retirement. in an internal memo to fox employees today obtained by cbs news rupert murdoch said "in my new role i will be watching our broadcasts with a critical eye, reading our newspapers. you can expect to see me in the office late on a friday afternoon." over the last 70 years he amassed a vast media empire across australia, europe, and the united states, starting fox broadcasting company in 1986. and ten years later he founded fox news channel, providing him an influential role in conservative politics. >> i've been publishing for 40 years. and a lot of fights. >> reporter: murdoch's kroor has also been plagued by controversy npz 2016 he ousted his long-time ally fox news chairman and ceo roger ailes amid sexual harassment and abuse allegations. just this year fox paid a $787.5 million settlement in a case brought by voting machine manufacturer dominion after fox news spread former president trump's 2020 election lies. >> how is lachlan different

i think that lachlan murdoch is seen as driven to get this job.not entirely clear what much differently he'd like to do with this job. i think one of the things that it has shown up is that rupert murdoch is in some ways truly a one of a kind, very hard to replicate, either through a corporate successor or designated child. john one of a kind of his : legacy. what do you think is going to be a bigger part of his legacy? the business empire he built or the political influence he developed? >> well, i think you're gonna see probably in coming years and particularly after murdoch's death, rupert murdoch's death that much of this unwinds that the other adult murdoch children children who are in control of family trust won't want to hold onto it simply for lachlan to run. they'd rather unlock the value. and in that case, the legacy that endures is sort of the success and the fun at times of his right wing populism, but also the punitive and pugilistic nature of it that has been ultimately quite corrosive. not only to our sense of what fair play is in j

his son lachlan will take the reins. part of a long-standing succession plan.ypical retirement. in an internal memo to fox employees today obtained by cbs news, rupert murdoch said "in my new role, i will be watching our broadcasts with a critical eye, reading our newspapers, you can expect to see me in the office late on a friday afternoon." over the last 70 years, he amassed a vast media empire across australia, europe and the united states, starting fox broadcast company in 1986, and ten years later he founded fox news channel, providing him and influential role in conservative politics. >> i've been in this industry for 40 years, it's a lot. >> reporter: it has also been plagued by controversies. in 2016 he ousted his longtime ally fox news chairman and ceo roger ailes amid sexual harassment and abuse allegations prayer just at this year, fox paid a $787.5 million settlement in a case brought by voting machine manufacturer demanding. after fox news spread to former president trumps 2020 election lies. how is lachlan different than his father? can he maintai

his 52-year-old son lachlan will continue as ceo of fox corporation.to bring in david folken flick, and author of the book "murdoch's world, the last of old media empire," great to have you here can we look at the big picture, and this could be a day long discussion, but what is rupert's legacy with fox? >> rupert's legacy at fox news is the successful identification of an audience that didn't feel it was being served by "the new york times" and pbs and "washington post" and npr and then stoking that audience, stoking the grievances, the resentments they felt against the press, against the elites that he invades against in his retirement note this morning to colleagues the idea that the rest of the media is out to mislead you or scream or shadowy elite figurings. -- figures, and transformed the nature of cable news into a one of cable views, a place where people could feel that their outlooks were affirmed and their beliefs supported as opposed to being told about stories we may not know about and might not think they wanted to know about or needed to

his son lachlan, seen here on the left, will take the reins.alth, as am i." "we have every reason to be optimistic about the coming years. "i certainly am and plan to be here to participate in them. "in my new role i can guarantee you that i will be involved every day in the contest of ideas." it's going to affect british media. i very much doubt whether the sun will be a print product within a couple of years. there will be other difficult decisions which i imagine, i imagine, you know, rupert will want to hand on to somebody else. there is absolutely no point in saying, "lachlan, you're the chairman" and you turn out to be actually, you turn out to be the chief operating officer. murdoch was born in australia, and at the age of 21, he took over the running of the news, a small adelaide newspaper his journalist father had owned before his death in 1952. the young rupert was hooked on the idea of becoming a press mogul. he bought more australian titles and then took over the news of the world and the sun in britain, turning them both into marke

rupert murdoch passing the torch to his son lachlan.l change in how fox news is run? >> i don't. for the foreseeable future, i think lachlan is going to run the company the way his father did. >> reporter: it marks the end to one of the most storied and controversial careers in modern media. the australian media titan started building his empire in the 1980s, buying tabloids from australia to britain as well as "the new york post." but one of his biggest passions was news. in 1996, fox news channel was born, giving conservative voices an outlet. while fox news has dominated cable, controversy and scandal followed, including being sued over false allegations against dominion voting systems resulting in a $787 million settlement earlier this year, and the firing of tucker carlson, one of the network's most highest rated stars. tonight as murdoch passes the torch, he has made it clear he does not intend to sit on the sidelines, saying he will remain an active member of our community. and with his son now chairman, big changes aren't expect

lachlan murdoch to take oven family. lachlan murdoch to take over.e right wing than rupert. so there isn't to going be a big political change is there? >> well, rupert , rupert hasn't >> well, rupert, rupert hasn't got any politics. he doesn't give a stuff. he said, oh, we'll have that idiot starmer in if we can make more money or we'll have that. you know, we'll have that truss in and make that idiot truss in and make more money. he doesn't care. don't care. it couldn't care less about trump or the less about trump one way or the other. all was the other. all he saw was the ratings up of fox news. so ratings go up of fox news. so the truth matter is the truth about the matter is that lachlan actually believes in the kind of trump world he is really quite right wing, actually. he's no fool either. so this painting, this bloke, is a complete idiot because the problem is when rupert dies, you know, the four kids all have the votes. and the suggestion is that directly rupert dies , boom, that directly rupert dies, boom, they were going to vote and throw

lachlan murdoch to take oven family. lachlan murdoch to take over.e right wing than rupert. so there isn't to going be a big political change is there? >> well, rupert , rupert hasn't >> well, rupert, rupert hasn't got any politics. he doesn't give a stuff. he said, oh, we'll have that idiot starmer in if we can make more money or we'll have that. you know, we'll have that truss in and make that idiot truss in and make more money. he doesn't care. don't care. it couldn't care less about trump or the less about trump one way or the other. all was the other. all he saw was the ratings up of fox news. so ratings go up of fox news. so the truth matter is the truth about the matter is that lachlan actually believes in the kind of trump world he is really quite right wing, actually. he's no fool either. so this painting, this bloke, is a complete idiot because the problem is when rupert dies, you know, the four kids all have the votes. and the suggestion is that directly rupert dies , boom, that directly rupert dies, boom, they were going to vote and throw

you have interviewed lachlan multiple times over the years. see where the company is heading now? >> well, the big thing is that rupert is not actually going anywhere. he has said to his employees and he still controls the company via stock that he's not going away, he's going to still give them notes and you look at what they're doing, and be in the office, all of the things that he's done while lachlan has been ceo of the company, so it's sort of a question as to why he did this, and i think he's looking beyond his life span here because when he passes away, the siblings, his children are going to have to fight over who controls everything, and he would prefer that lachlan control everything. >> i mean, this is where it does kind of align, right, with the very popular tv show succession, who's going to end up in control of this behemoth. >> absolutely. and the mechanism here, the trust, there are four children on it and there's no tie breaker mechanism. they want to prevent a situation where it's two and two, and behind the scenes, there's a

lachlan and james, he's gone for lachlan and james, he's gone for lachlan overjames. over james. james lachlan and james, he's gone for lachlan overjames. james has lachlan over james. james has a reputation of being something of a liberal into climate change. a bit more wishy washy. lachlan seems to be much more in the mould of his father politically conservative. what do you think lachlan means for the takeover and the future direction of the murdoch empire? politically . murdoch empire? politically. >> well, i think the future is incredibly bright, martin, and i think that it was always obvious that lachlan was going to be the one to take over lachlan from everything that i know , he's everything that i know, he's incredibly supportive . and you incredibly supportive. and you know, really interested in print media, which is particularly interesting for people who think print media perhaps has a limited life span. and as we also know, martin lachlan moved back to australia several years ago. he lives with his family in sydney, so he's obviously got those ties back t

maybe yeah, but we've also learned that lachlan murdoch probably lachlan, murdoch is probably lachlan morning. so there you are, lachlan. >> we'll try and get that right in the meantime, let's see what's happening weather wise for you today. here's aiden. >> a brighter outlook with boxt solar proud sponsors of weather on . gb news. solar proud sponsors of weather on. gb news. hi solar proud sponsors of weather on . gb news. hi there. on. gb news. hi there. >> it's aidan mcgivern here from the met office. with the gb news forecast. it's a fresh start out there, but a bright start for many of us. further showers, however there are around and they'll develop widely through they'll develop widely through the day . initially the showers the day. initially the showers focussed for northern, central and western scotland. northern ireland, western england and wales . the best of the sunshine wales. the best of the sunshine will across the midlands, will be across the midlands, eastern england, eastern scotland. the cloud will scotland. but the cloud will build the build through the day. the s

lachlan is all in. he has a formula that does enormous damage to the countries in which it operate respect but also one that is enormously profitable. so i'm sure lack lahlan will continue with it. and i have no doubt that rupert murdoch will be very closely involved for a very long time. >>> still ahead, new polling for u.s. presidential candidates, it is a heated race for second place. >>> and plus accusations are flying between india and canada sending diplomatic relations into an absolute tailspin. how do we decide what hotelo book? fear not, i got you. choice hotels has a hotel for every type of stay. like a comfort with the kiddos. spacious! that's what they all say. attention hearing loss sufferers! do you struggle to hear loved ones? do you have trouble keeping up with conversations? do you listen to tv on max volume? hearing loss affects your life. you miss out on important moments... you feel alone. start hearing better today with rca's all new, advanced hearing aids. these aren't cheap amplif

lachlan murdoch has congratulated his father on what he called his " remarkable 70—year ca reer"..

so certainly that's lachlan murdoch's legacy.ope that james murdoch, who's rupert murdoch's other son, who has been harshly critical of fox news both behind the scenes and in sort of oblique comments to the press, they're hoping that potentially he comes back and rids the network of some of these more extreme voices that have taken it past the point of being a sensible news network and closer it a propaganda outfit. >> we'll watch for that. that will be surprising, indeed. great to talk to you both. appreciate it. >> thanks. >>> we'll be right back. developed with vets. made from real meat and veggies. portioned for your dog. anand delivered right to your door. it's smarter, healthier pet food. ♪ we're not writers, but we help you shape your financial story. ♪ we'rnot an airline, but our network connectslobal businesses across nearly 160 market ♪ we're not a startup, but our innovation labs use new technologies to help keep your information secure. ♪ we're not architects, but we help build stronger communities. ♪ we're not just a

. >> i thus that lachlan is going to carry rupert's torch.rson to do that, to continue on with the populous fight, taking on what he thinks is the elitist establishment. but the real challenge is that is not a forever thing. rupert murdoch at age 92 is leaving his company after he dies to a trust, in which four of his six children all have an equal say. we know where lachlan stands. he's take i ing over the compan. but do the other three? that's what's going to be the question. if they don't come to cob census, it's unclear what the direction is. but for fox, long-term. >> to be clear, sara doesn't have -- she's reading your digital story, which is very good. i feel like we know that the other three don't agree with lachlan. they certainly aren't ideologically aligned with him. >> all of them have incentive to continue growing a financial empire in which they have a 40% stake. they want this business to continue, but the direction that they want it to continue is so different. james murdoch stepping down on the board in 2020, citing differenc

and so lachlan is being handed this not great package to manage. and so regarding the succession point, i mean, this is going to be the fifth season of succession that everybody wanted. i mean, i think that the animus between the kids is so well documented. i think many of us though both of them and it is not great. so you will see an empire that is already in the process of dismantling probably the further and further dismantled. and around the digital assets, the digital assets, fox nation is such a nonentity, it hasn't worked. i mean, or worked in such a small sense that it is not even on the earnings calls. >> all right. thank you very much. janice, alex, thank you. >>> and we have the rollout of the latest covid booster shots hitting some bumps. angelica peoples has some details. >> finds the latest vaccines hasn't been easy. moderna and pfizer say they have shipped million, but some lucky enough to snag an appointment are receiving cancellation notices or showing up to learn that there is not a dose available for them. some are being told tha

a heir apparent lachlan saying we thank him for his vision and pioneering spirit and enduring legacy he leaves to the companies he founded and countless people he has impacted murdoch is expected to formally resign at a shareholder meeting in november. >> our thanks to kate snow for that report. >>> a small plane crashed down in the middle of the street in compton, california wednesday. amazingly no one in the immediate area was hurt. one of the plane's wings appears to be damaged on the left. there was a damaged car on the side of the road, but the pilot somehow walked away totally unharmed >>> this weekend looking like a washout on the e the east coast. >> now is the time to make the indoor plans the mid atlantic up through the northeast is going to see a soggy couple of days the area of low pressure off the south east coast but has a whole lot of moisture associated with it that moisture making a beeline for parts of the carolinas you can see the tropical moisture working its way in as we get through the afternoon hours today. heavy, heavy rainfall associated with that and gusty w

at 92, rupert murdoch stepping aside and leaving the empire to his son, 52-year-old lachlan murdoch.gan his reign as titan as the tabloids in australia, building a small newspaper business into a behemoth corporate empire in 1985, he became an american citizen, launching the fox broadcasting company and buying 20th century fox with fox he had control over everything from local news to entertainment, including one of tv's biggest come dis. >> i'm rupert murdoch, the billionaire tyrant, and this is my sky box >> reporter: he lufaunched fox news channel >> it was tabloid, populace, angry, loud. >> reporter: over decades, it amas amassed a huge following but after the 2021 election, fox news hosts faced scrutiny. fox news and parent company fox corp were sued by dominion voting systems heir apparent lachlan murdoch, pressing thanks to his father, saying we thank him for his vision, his pioneering spirit, steadfast inspiration. murdoch is expected to formally resign at a shareholder meeting in november. >> and our thanks to kate snow for that report. >>> still to come here, a showdown in

he said lachlan is going to be the one who follows suit for him.s next potentially for this company? is it going to be changed in a significant way? or has rupert been essentially grooming lachlan to carry on what he put in place? >> i think this move of making lachlan the sole chairman is a nod to wall street. i think when your executive is 92 years old, there may be worries from investors. i think rupert will still have influence on the company. he still owns the voting shares that the kids have not inherited yet and won't until he passes on. they still don't put their sports on streaming. fox news and fox sports live audience want to try and keep it that way. when rupert told most to disney, they try to keep true to the streaming very quickly and i'm not sure how much longer they cannot dive into digital in a more meaningful way. >> do you expect there will be a type of programming shift even at fox news? >> they've gotten the streaming with tubi and fox nation. i don't think fox news is going to change radically any time soon. they just changed

his son, lachlan, will take over.ere's our culture editor katie razzall. the most powerful media mogul in the world, rupert murdoch is rumoured to be able to change governments,

it leaves his son lachlan as sole leader of the business.n increasingly challenging environment. at 92 years old, rupert murdoch has been preparing for this day. his elder son lachlan murdoch is chief executive of fox and his siblings cleared the way but the announcement sent shock waves through media circles. the elder murdoch said that he would leave the company feet first and his son keenly watched offerings and reach out with thoughts and advice. people become emeritus chairman of both companies in november. it is hard to overstate mr murdoch's influence on the media and political landscapes domestically and around the world. he is news headlines capitalised on things that sometimes repel conservatives to power and shape public opinion in theirfavour. sometimes landing in legal trouble. fox news, the crown jewel in mr murdoch's portfolio, recently settled a defamation lawsuit from the network's amplification of former president trump's nephew is about the 2020 election for a historic $787 million. with another lawsuit in the works and wi

his son lachlan is taking over, and there are questions tonight about the timing of this announcementis "outfront." >> rupert murdoch created all of this. >> reporter: love him or hate him, may depend on which side of the political aisle you sit on, but there is no denying rupert murdoch is one of the most influential media moguls in history, and one of the most powerful forces in right-wing politics. now at 92 years of age, the long-time chairman of fox and news corporations is stepping down, starting in november, he'll hold the honorary title of chairman emeritus. in a statement, saying, "our companies are in robust health, as am i. we have every reason to be optimistic about the coming years. i certainly am and plan to be here to participate in them." the question in media circles, age aside, why step down now? >> i wonder if rupert has said, you know, i need to help my son get settled as the leader, de facto person in charge. and to do that i need to step back in terms of outward facing responsibilities. >> reporter: his elder son lachlan murdoch will take over as chairman and wil

his son lachlan will take the reins. part of the long-standing succession plan.s won't be your typical retirement. in an internal much of fox employees obtained by sevis news, rupert murdoch said in my new role i will be watching are broadcast with a critical eye, reading our newspapers. you can expect to see me in the office late on a friday afternoon. over the last 70 years, he amassed a vast media empire across australia, europe, and the united states, starting fox broadcasting company in 1986. ten years later he founded fox news channel, providing him and influential role in conservative politics. >> i've been publishing for years. >> his career has also been plagued by controversies. in 2016, he ousted his long-time ally, fox news chairman and ceo roger ailes, amid sexual harassment and abuse allegations. just this year fox beta $787.5 million settlement in a case brought by voting machine manufacturer dominion after fox news spread former president trump's 2020 election lies. >> how is he different than his father and can he maintain power in this situation

he will soon be replaced by his son lachlan.of hope in tinsel town. striking hollywood writers are meeting with the heads of four major studios. that's where we begin with cnn's natasha chen who's outside of the headquarters in los angeles. natasha, what's the latest? >> reporter: well, boris, the ceo of this company is currently inside meetings with other studios and writers trying to negotiate a deal here. at least he was with other ceos yesterday during talks. and it's expected that they're back at the table today. he, along with the ceo of warnerbrothers discovery, of disney. and to keep in mind the writers who are along this picket line here have been on strike for four and a half months, plus, and they are really trying to negotiate a new deal that protects them as far as artificial intelligence goes, as far as streaming residuals go. and the effect really of the strike has fallen far beyond writers and actors. there are so many businesses that serve these productions that have been at a standstill as well for months. we t

. >> keeping the title of chairman emeritus, he now passes the torch to his oldest son, lachlan, who will become sole chairman. at 92 years old, the decision was expected, but murdaugh noted it was not due to his health, saying our companies are and robust health, as am i. >> rupert murdoch passing the torch to his son, lachlan. do you think that things will change in how fox news is run? >> i don't. for the super bowl future, i think laughlin's going to run this company the same way his father did. >> the mobilization -- controversial careers and modern media. the australian media titan started building his empire back in the 19 80s, buying tabloids from australia to britain. as well as the new york post. but one of his biggest passions was news. in 1996, fox news channel was born, giving conservative voices and outlet. >> well fox news has dominated cable, controversy in scandal followed, including the suit over false allegations around dominion voting systems, resulting in a settlement earlier this year. and the firing of tucker carlson, one of the most highest rated stars. tonigh

the 92—year—old's eldest son, lachlan will replace him.included a nearly $800 million settlement with voting machine company dominion over its reporting of the 2020 presidential election. and its parting ways with longtime host tucker carlson. our correspondentjohn sudworth sent this update from newscorp headquarters in new york. from that first australian newspaper, mr murdoch has built up an extraordinary global empire and although at the age of 92 there has long been speculation about this moment, now that it is here there is still a sense of shock, notjust from his employees like those here at fox news but around the world because of the huge political, cultural and social influence he was able to wield for so many decades across so many publications. in a statement sent to staff he described his son, lachlan, as a passionate and principled leader who will take the company into the future. his brand of right wing populist content as well as his revolutionising approach to the media industry made him a hero to some and the opposite to o

the 92—year—old will be succeeded as chairman of news corporation and fox by his eldest son, lachlane company own hundreds of local, nationaland international media outlets, including the times, the sun, the wall street journal, fox news and fox entertainment. mr murdoch will become chairman emeritus of both firms in mid—november. our correspondentjohn sudworth has this update from outside newscorp headquarters in new york. from the first australian newspaper mr murdoch has built up newspaper mr murdoch has built up an extraordinary empire. although at the age of 92 there has long been speculation about this moment there is a sense of shock not just from this moment there is a sense of shock notjust from his employees like those here at fox news but around the world because of the huge political, cultural and social influence he was able to wield for so many decades across are so many publications. in a statement sent to staff he described his son, lachlan, as a passionate and principled leader who will take the company into the future. his brand of right wing populist content as wel

my father firmly leaved in freedom, and lachlan is absolutely committed to the cause. in a news release today, lachlan congratulated his father on his 70-year media career. he says we thank him for his pioneering spirit, his steadfast determination and the enduring legacy he leaves to the companies he founded and countless people he has impacted. we'd like to add our gratitude as well. rupert murdoch created all of this and so much more. his life's work has left an indelible improhibit on the -- imprint on the global media landscape. we thank him for letting us be a part of it all. it is thursday, september 21st, 2023. "varney & company" is about to begin. ♪ ♪ ♪ stuart: we're going to get right to this, fox business has new polls out of iowa and south carolina. a couple of key primary states, obviously. lauren, take me through the numbers. lauren: you're going to see trump at the top the, but his lead is not expanding, and he does the not hold the matter. let's show you. south carolina, 46% of likely republican primary voters there pick trump. nikki haley in a distant

lachlan congratulated his father on a "remarkable 70?year career". editor of the sun is here with us. did you ever think you would see the day where rupert murdoch stood aside? i day where rupert murdoch stood aside? �* . ., aside? i didn't, and he said to me on numerous _ aside? i didn't, and he said to me on numerous occasions _ aside? i didn't, and he said to me on numerous occasions that - aside? i didn't, and he said to me on numerous occasions that they | on numerous occasions that they would have to carry him out with his boots on. look, old father time, he's 92. this is a guy who literally has worked, i would say, 18 hours a day, seven days a week for literally 70 years — a phenomenon. i think the news business would have suffered dramatically had he not seen opportunities which others saw as problems. look, i've been hired by him, i've been fired by him, he's invested in me, i've made him money, i've lost him money. we all of us, including potentially employees at the bbc, have downsides to their lives, and there will be aspects that aren't

while his lachlan companies.ue as executive chairman and chief executive chairman and chief exec fox. look let's get the exec of fox. look let's get the reaction now from the former editor of the sun, a man who knows this guy better than most. it's mackenzie. it's kelvin mackenzie. kelvin, thank what thank you very, very much. what does do you think? does this mean, do you think? what what are you what are you what are you thinking when you see that rupert is going? rupert murdoch is going? >> all, i'm >> well, first of all, i'm surprised. and since he said to me you would have to carry me that you would have to carry him his boots on and he him out with his boots on and he would never quit . so i take it would never quit. so i take it that he accepts one important area . area. >> have you got some feedback on it? no no. >> just carry on, kelvin. it's all good, i think. yeah, carry on. >> he accepts that he actually is detached from where the media is detached from where the media is today . you know, the big is

he'll take on the role of chairman emeritus while his son lachlan , becomes sole son lachlan, becomesour economics and business editor liam halligan is outside the bank of england for us. it follows yesterday's better than expected inflation data. the bank's governor, andrew bailey, has welcomed the news, saying he thinks inflation will continue to fall . the prime minister says to fall. the prime minister says hard pressed families shouldn't have to pay an unaffordable price to reach net zero. rishi sunakis price to reach net zero. rishi sunak is defending his decision to roll back some climate policies , saying he won't policies, saying he won't proceed with plans that would punish motorists and working people . the changes announced people. the changes announced yesterday include postponing the ban on new petrol and diesel cars until 2035, as well as easing rules on gas boilers . the easing rules on gas boilers. the king has paid tribute to what he calls the indispensable relationship between the uk and france . the monarch is currently france. the monarch is currently visiting not