mr. murdoch spouted out in that 60 minutes. it was all nonsense. >> and i heard him say within three or four days they fired roger ailes. that's not true. it took at least two weeks. >> right. i mean, but let's start with -- i'll make this really fast. he said it was all nonsense. >> we've got time. >> he ruin eed -- fox news ruin people's lives. he ruined my life. i don't have a job in tv anymore because the place that he has secured down like ft. knox allowed abusive predators to prey on women, who just wanted to work. that is not nonsense. this is people's lives. he said it wasn't just roger. well, we don't need to name names. we know it wasn't just roger. he said nothing more since then. that's a lie. we also know that bill o'reilly paid $30 million plus to somebody and, of course, they rehired him after that. largely political. i want to say something. i gave up my law practice to go to fox news in new york, to work for fox news, as a democrat, to be a sports commentator, legal commentator, all of those things. i wasn't pl

mr murdoch will keep control of the fox news channel in the us and the times and sun newspapers in britainl rajan has the story. when rupert murdoch bought the news of the world in 1968, he was an outsider. but this canny australian with news in his veins made his way to the heart of the establishment in both britain and america, wielding extraordinary influence. from his base in tabloid newspapers, he moved aggressively into film and television, owning studios and networks that entertained hundreds of millions of people. well, i'll always have my crank calls. but now, in a move foreseen in the simpsons, another murdoch product, fox has become a division of disney. for murdoch, this is a chance to get back to what he knows best. i think this is returning to our roots, which is news and sports, which we — and that's the changing way people watch television these days. andrew neil was at murdoch's side as an editor and executive for years. for him, this is the end of a dynasty. he's been trying to do that for 35, a0 years. i used to sit with him in restaurants in london in the mid—1980s, and

mr. eiger will have help from james murdoch, though he did not say mr. murdoch, that is the younger mr. och, james, the ceo of 21st century fox, will have a role in the combination, but that certainly seems to be a possibility given his comments about that. as for mr. eiger, he's going to stay in his job through 2021 he was slated to exit in the middle of 2019, which would be conceivably in the midst of this massive integration. no longer the case and for that he abandoned a potential run for the presidency of the u.s. as i've been reporting, he had been seriously considering that effort i asked if he was sad to have to say no to potentially a run for president. >> i love my job and the company i've had an opportunity to run for 12 years i believe strongly in this combination and knew that if we pursued it, that it would require me staying longer and i felt that was the right thing to do for me personally and the shareholders of the walt disney company. this is going to take a lot of energy and a lot of focus, and i look forward to rolling up my sleeves over the next few years in putting

andrew's also edited mr murdoch's sunday times and he helped him to set up sky television. his reaction. the deal is remarkable because it represents the end of rupert murdoch's quest to build a murdoch dynasty. he has been trying to do that for a0 years. i used to sit with him in restaurants in london in the mid—i9 80s and he talked about a murdoch dynasty, putting his children into key positions. letting them fight for the top position and whoever wins would take over and the murdoch men would go on for ever. here, he is unbundling the empire and the dynastic ambitions have gone. here is a perspective from the us. i don't think you will see any media change, but what's clear is consumers are going to have expanded options. having two of the premier collections of assets that will be available to them. i think this is all about adapting to help consumers are accessing content, going away from traditional to margin platforms. i think disney will be in one of the best position is ever to be able to adapt, provide consumers with expanded choices and potentially at cheaper pri

he said that the purchase was inspired over an informal chat with mr murdoch. ve a lot of respect for rupert murdoch and what he has been able to build over the years. he andi been able to build over the years. he and i were musing at some point this summer over the industry and the need to reach consumers in ways i described and the disruptive forces that we both witnessed in our time in this business. after some musing it seemed to me that there may be an opportunity to put our companies together to create something that is even better than the two that were separate. earlier, oui’ the two that were separate. earlier, our business editor gave more insight as to why disney paid so much money for 21st century fox's assets. disney find this quite attractive. in the past, what they have done is focused on acquiring incredible premium content such as lucasfilm, star wars, incredible premium content such as lucasfilm, starwars, pixar, popular brands. 21st century fox has some of its own. the tantalising prospect of the x—men and the avengers being brought together.

mr murdoch is selling his world—famous film studio, 21st century fox, international tv businesses, including and star in india, cable networks such as fx and national geographic, and perhaps most strikingly, a stake in hulu, a streaming service with access to millions of customers, which could rival netflix. and that's the key for disney. streaming has changed broadcasting forever, allowing you at home to watch a seemingly infinite number of shows how you want, where you want and when you want. streaming services such as hulu, in which disney will now have a controlling stake, cut out the middleman of domestic television stations, broadcasting directly into millions of homes. the fox international footprint has some extremely high—end technology to deliver all this content to consumers in more modern ways. sky in europe is a good example of that, star india another one. and so, to the consumer, not only will they be getting more great content, high—quality content, but they'll be getting it in ways that they demand. sky news and sky sports look set to continue, while fox says its own bid for

mr. rupert murdoch has taught to mr. white housesing the chief of staff, who screens incoming calls. you can read a bit more from "the new york times" on rupert murdoch. they write -- they are opposites and personal style. mr. murdoch preferring slovene newsrooms to mr. trump's gilded towers, but they have much in common. both were born into wealth but that the distance from the centers of power. mr. trump grew up in queens, the son of a real estate developer. so close but so far from glittering midtown, where he would make his name and home. rupert murdoch, the son of a journalist, who became the owner of a newspaper chain, spent his childhood in melbourne, australia. they were both sent to military schools as boys before going on to outdo their fathers in the family businesses. although both parlayed their inheritances into global power, they have viewed themselves as outsiders at odds with the establishment. in pennsylvania, independent line. go ahead. ander: that is bertrand vandergrift, pennsylvania. graduate, ande you start off the show with the statistics on what divides the co

the deal, worth nearly £40 billion, ends nearly five decades of expansion that saw mr murdoch become dia figures. so why has he done it? our media editor amol rajan reports. when rupert murdoch bought the news of the world in 1968, he was an outsider. but this canny australian with news in his veins made his way to the heart of the establishment in both britain and america, wielding extraordinary influence. from his base in tabloid newspapers, he moved aggressively to film and television, owning studios and networks that entertained hundreds of millions of people. well, i'll always have my crank calls. but now, in a move foreseen in the simpsons, another murdoch product, fox has become a division of disney. in a phone conference today, rupert murdoch explained his strategy. i know a lot of people are wondering why did the murdochs come to such a momentous decision. i will be retreating. absolutely not. we are pivoting at a pivotal moment. andrew neil was at murdoch's side as an editor and executive the years. for him, this is the end of a dynasty. he's been trying to do that for 35, a

mr. murdoch began to selloff crown jewels? >> i like to put a different spin on it. he's taking his earnings and becoming the largest taxable shareholder in disney. he will on about 100 million shares of disney. that is a significant holding. the understands globalization, scale, the consumer, and he has these challenges. engineering was different. the did not go out and take a premium for his voting stock. paying $6.5 is billion to have this transaction where he spends fox and merges with disney. he becomes a large shareholder. got --b iger out of is a ithaca college and ended up at the top of the food change. do withdisney going to "the simpsons"? bob igerhe pixie dust has with programming? >> they pay about $4 billion in capex. now they are taking on $.5 billion. with growth, $6 billion. capex is $12 million. they go global and direct to the consumer with sports and entertainment. they have content. big sixed to have the we had forever in terms of movie studios? what happens next? tom: do you assume further consolidation in the business? how to the people you know

mr. murdoch, you meet occasionally of ceos of your like do, have known each other for a long time, and heas starting to broach some of the challenges he sees in the future and you seized on that for at least the opportunity of a vision you saw. but tell me why, a, he saw it as challenges to his business and you saw it as an opportunity to get a lot bigger in a lot of different areas, if the opportunity actually, as it did, came to the fore >> well, i don't want to answer the question on his behalf except to say as i mentioned a few minutes ago, i've had great respect for him, particularly given the array of assets he's managed to put together and how they've been managed and we get together occasionally, because we genuinely like each other and respect one another, and it's great to be able to spend some time musing about the business and in a meeting we had, a casual get-together, this summer, we both talked a lot about the disruptive forces of the business and where it might be going and i think generally agreed with one another on what we were seeing and when i left, i just felt that i

mr murdoch is selling his world—famous film studio, 21st century fox, international tv businesses, includingrope and star in india, cable networks such as fx and national geographic, and perhaps most strikingly, a stake in hulu, a streaming service with access to millions of customers, which could rival netflix. and that's the key for disney. streaming has changed broadcasting forever, allowing you at home to watch a seemingly infinite number of shows how you want, where you want and when you want. streaming services such as hulu, in which disney will now have a controlling stake, cut out the middleman of domestic television stations, broadcasting directly into millions of homes. the fox international footprint has some extremely high—end technology to deliver all this content to consumers in more modern ways. sky in europe is a good example of that, star india another one. and so, to the consumer, not only will they be getting more great content, high—quality content, but they'll be getting it in ways that they demand. sky news and sky sports look set to continue, while fox says its own bid

mr murdoch is selling his world—famous film studio, 21st century fox, international tv businesses, includingeurope and star in india, cable networks such as fx and national geographic, and perhaps most strikingly, a stake in hulu, a streaming service with access to millions of customers, which could rival netflix. and that is the key for disney. streaming has changed broadcasting forever, allowing you at home to watch a seemingly infinite number of shows how you want, where you want, and when you want. streaming services such as hulu, in which disney will now have a controlling stake, cut out the middleman of domestic television stations, broadcasting directly into millions of homes. the fox international footprint has some extremely high—end technology to deliver all this content to consumers in more modern ways. sky in europe is a good example of that, star india another one. and so, to the consumer, not only will they be getting more great content, high—quality content, but they'll be getting it in ways that they demand. sky news and sky sports look set to continue, while fox says its own

mr. murdoch or mr. iger? mario: no. the stock came out last week.th the public knowledge that everyone has. when eisner was running it, and when i would write stories in the 1960's, ger,pendent of that, i he was hired to run cap city, they merged to abc, they merged to disney, and he has done a great job. the global marketplace, seven point 5 billion people, 60 years ago there were 2.5 billion. mobile phones, you can watch television. i can watch tom keene on a mobile device. there are 4.5 million of those. how do you deal with gen z and gen y? then netflix, then you have direct to the consumer with a product. the old media has content, but they do not have that -- tom: distribution. challenge. is the rupert decides he needs scale. he is looking at these behemoths, these giant companies, google, amazon, they have market caps of $6 billion to $8 billion. is $500rtising pie billion, and digital is taking 40% to 50%. he spun off news corp. he controls that. he is saying, what do i do? is doing theer same thing at disney. how do we get into the global m

mr murdoch is selling his world—famous film studio, 21st century fox, international tv businesses likeaphic. and perhaps most strikingly, a stake in hulu, a streaming service with access to millions of customers which could rival netflix. and that's the key for disney. streaming has changed broadcasting for ever, allowing you at home to watch a seemingly infinite number of shows how you want, where you want and when you want. ondemand services like hulu, in which disney will now have a controlling stake, cut out the middleman of domestic television stations, broadcasting directly into millions of homes. the fox international footprint has some extremely high—end technology to deliver all this content to consumers in more modern ways. sky in europe is a good example of that, star in india, another one. and so to the consumer, not only will they be getting more great content, high—quality content, but they will be getting it in ways that they demand. there are still many unanswered questions about this deal. but sky news and sky sports look set to continue, while fox says that its own bi

mr. iger is going to extend his term at disney. do you see a time when james murdochceeds him i mean, mr. murdoch has -- the son, has really worked in the family business all of his life. is he in line to succeed iger, number one number two what do you make of this deal which is seemingly -- and disney's strategy onstreaming which is a lot of this, on the very day that net knew trait rule kn neutrality laws are to be thrown out the window >> that murdoch has any role at disney, iger was vague tab as i understand 23 century fox, peter rice the top man who's not a murdoch at the company he's british by birth. so that might make an odd successor to iger in terms of disney being such an american company but he's been carefully groomed over the years in film and television and presents very, very well. so i thought about him years ago already as a potential disney successor and that does seem to be a potential answer if iger ever leaves. and you know, as far as the rest of it goes, we are seeing a transformation the studios -- a lot of fear and anxiety any hollywood today.

murdoch. apparently mr. trump supports the deal, hoping it will create jobs, david. back to you. david: all started with a couple of small newspapers in australia. >> yes it did. david: amazing transition. scott, what do you think? >> it is not a bad deal, david. reaction to me proves that pudding the stocks today were both up, a couple percent at that we own disney. it hasn't been the most fun stock to own really this year. this looks like it is finally move in the right direction for the company. rupert murdoch talked about it. you have to get more creative. you have to get more innovative in distribution and content creation. this deal certainly does that. >> kevin, transitions are not easy when you try to mix corporate cultures. we understand james murdoch will go over to disney to kind of help in the transition and he may stay longer. do you think he may eventually replace bob iger once he steps down? >> part of the key terms in this deal bob iger would stay through 2021. that extends him even further. he had trouble finding replacement. maybe he will get one now through thi

the deal ends more than half a century of media expansion by fox owner rupert murdoch. mrurdoch about a future role: they'll be announcing, or they are announcing, some plans of their own right now. james and i will be talking over the next number of months. he is going to be integral to the integration process, and he and i will be discussing whether there is a role for him, or not at our company. talking there are about james murdoch, not rupert murdoch. our business editor simon jack is here. this is a big deal, one of the biggest we have seen in the entertainment industry in a number of years and is big and powerful as disney is, it is trying to defend itself against the rising power of technology companies like netflix and amazon prime and google, that is what they are up against so they are buying 21st century fox, the studio and its content, and beefing up their ability to broadcast and distribute that content, so they will have a stake in sky, star india, a very important part in this puzzle, and they will have control of gulu, which is their version of a streaming

mr. murdoch is our boss, i can tell you the politics of this. in private meetings donald trump has railed about cnn. in private meetings with his advisors he has talked, spoken about the fact if you, at the same time, when you combine these two together, it is too much power. neil: i'm also told private meetings he rails against you. >> probably does but if we're going to be fair and balanced here, you know, i read in the "times" mr. murdoch does have a relationship with president trump. so maybe that helps. maybe it doesn't. i can just tell you that aside from all that the justice department is clearly signaling because they told me just because they're against this deal they're not against ours. it may seem illogical, i tell you at&t will make the argument in court. how can you be against us if you're for that one? neil: very good point. >> what is net neutrality again? neil: i have no idea. it is raging. the vote is delayed, a couple hours late. >> you can't -- neil: i am intrigued by it. you intrigue me. >> only thing that gets you more exci

mr. murdoch wants to do with bob iger, if they want to do the deal, go for it, we'll look at it individually not necessarily the same thing. after we did the story, the deal talks resumed in ernest. a deal can be done shortly. just remember this time warner deal, everybody is attributing, even i did at first, a lot of precedent to it. i'm told by people inside the justice department, it doesn't have the carryover precedent for even horizontal mergers. it's a different animal. they are saying that they don't like merging. old school, old world distribution of satellite and cable, with content that hurts the sort of innovation of the internet in providing content. liz: i could be wrong but it looks like at&t is moving a little bit higher on your report. it had been up two pennies, now up ten cents, there it goes. >> it's higher are in reason: they essentially cited -- listen, if you're looking for clues, i don't know if this is a great clue, the judge sided with at&t here. what the market is saying here is if they're going side with them maybe on the trial date, they may side with them on the

mr. murdoch always wanted a mickey mouse outfit. he has merged 21st century fox with disney.ybody gets what they want for christmas. >> sandra: all right. governor, this is a big deal yesterday and there were certain heated moments where the deputy attorney general rosenstein who oversees the mueller probe was put in the hot seat and had to defend the integrity of not only that investigation but the f.b.i. and the doj. how did he do? >> i think he did very poorly because he didn't really answer the questions. now, he can hide behind the fact we're still investigating, fine. at some point we have to turn the lights on here and the lights so far don't look real good for the justice department and when you first of all have a couple of people who signed up to be on the mueller investigation who were lovers. you wonder about the interoffice policy about that kind of thing. secondly, who has time to exchange 10,000 texts? and they weren't simple political opinions. these were texts that went into great detail speaking of the president in the most incredibly vile, vulgar way and ta

mr. murdoch said, ideally probably a good idea but it's a number of years away he says. there you go.ney are about taking on netflix and amazons. this will go a long way to making them very competitive when they start their own streaming service platform, maybe at the next year or beginning of 2019. stuart: thank you very much, ash. ashley: you're welcome. stuart: i want to get back to the anti-trump text messages from the people investigating russia russia, russia, and hillary clinton email probe. just listen to trey gowdy. >> said [bleep], talking about come out, first lady and children, this conflict of interest free special agent of the fbi. this is who we were told we needed to have an objective, impartial, fair, conflict of interest-free investigation. so he is openly pulling for the candidate he had role in clearing, and he is openly investigating a candidate that he has bias against, and then if that is not enough, he says, trump is an f-ing idiot, what the f just happened to our country this is the same man that said he would save our country. what happens when people who are

murdoch is one of trump's friends and closest advisers. the justice department is already suing the merger between at&t and time warner. mr. his deal. >>> and fortune says aol's instant messenger a.i.m. -- remember that -- is officially ending its 20-year run today. all will be deleted after today. that includes buddy lists. a.i.m. was l four years later it had millions of teenagers saying, what? what is that? >> everybody's moved on. >> wood-burning technology. >>> a small group of republican senators is putting the future of president trump's massive tax overhaul in doubt today. ahead we'll take a look at the tax debate and other big issues in washington with author and journalist bob woodward. he'll join us at the table. you're watching "cbs this morning." this year, start a new holiday tradition. delicious recipes made with nutella! discover holiday recipes at nutella.com. another anti-wrinkle cream in no hurry to make anything happen. neutrogena® rapid wrinkle repair works in just one week. with the fastest retinol formula to visibly reduce wrinkl