also looking at the larger rupert murdoch empire.m the new york post, a man who has known rupert murdoch since college. also rebekah brooks. he has been trying to rehabilitate her since the phone hacking scandal in the u k. he has been showing her the ropes, possibly as a replacement for roger ailes. reports there are some that some of the anchors at fox have in their contract that there,iles, if he is not they have an option to leave. is that correct? guest: that is correct that they have out clauses. but what is not correct is that the narrative roger ailes pushed, that it would lead to a mass exodus. was inces tell me that negotiation tactic to put pressure on murdoch. stock prices are dependent on the success of fox news. it is the single most profitable division in rupert murdoch's conglomerate. was thatr ailes said if you left, he could take the whole thing down with him. but that was posturing. i talked with people at the network, and all of the key areors, none of them plotting or organizing and next is. what can you tell us

the "new york post" very close with the murdoch folly was james murdoch's college roommate at harvard. seen as someone that can slide in there. another long shot candidate that is creating speculation inside the company rebecca brooks who is very close to rub earth murdoch very fond trying to rehabilitate her after the phone hacking scandal in the u.k. she was seen, touring the fox news offices several months ago that he was showing her the ropes as replacement for ailes. that is really the state of play. also looking at some external candidates in the wider tv industry. >> rose: there are some reports that some of the anchors at fox have in their contract that roger ailes is not running they have an option to lead. is that correct? >> that is correct. that they do have out clauses in their contract. but what is not correct, i have reported this as well this week is the narrative that roger ailes in his surrogate push that if he was pushed out of the network that it would lead to mass exodus that was as my sources inside the negotiation told me, really ha negotiating tactic that ailes

rupert murdoch had roger ailes begin to report to lauk lun and james murdoch and roger ailes was notappy about this. he pub lklicly said, i will rep to rupert. turns out that wasn't true. >> there was pressure from both lauchlin and james. roger ailes has done tre mndous things for knox news, no doubt about that. made a lost money for the company. created the franchise. but i think this is a signal, this was moving in this direction before gretchen carlson's lawsuit, i am told. of course, this is, you know, he was forced out. they can shine this up but that what happened. >> do we have any sense on this internal investigation? it is was turning up. this investigation seemed to be growing. >> that has been what is reported, a very notably, law firm in new york and several women as many as six have told the law firm paul weiss here in new york that they too have been sexually harassed. we should say that roger ailes denies ever having harassed anybody and i suspect the company would like this to go away. and i suspect it is not going to go away. >> and kwthe question here, foxn terms o

lachlan murdoch and james murdoch do not share necessarily the same views as their father and certainlys mr. ailes when it comes to politics but they are not stupid in terms of changing the programming of something that has proved to be so incredibly popular and productive from an earnings standpoint no and cushioned in an election year. no doubt the reports are they've got bumper revenues at the moment, given where everybody is going in cable news and the position that they occupy and, therefore, it's going to last you through until january, do you then become were trump to win, kind of a special relationship there? >> the question will be certainly interesting to watch who replaces mr. murdoch is stepping in as the acting ceo, but, obviously, will not be in that role too long. the question most likely internal candidates what i'm hearing will be taking the top job. >> committee for some time. >> but we'll see. >> they had to have some sort of contingency plan. roger ailes is 76 years old. why does it seem like this is all so -- >> it's funny. i got different answers this week when doi

he will be succeeded by rupert murdoch. it is hard to overstate how important fox news is in terms of profit contribution. really the most consistent profit generator at 21st century fox. , well margins over 60% above cnn or any other cable network system out there. clearly was the major driving force. he set the editorial tone and set the tone for talent that came on the air, attracting, keeping, and grooming talent. you think about cnn which has been on the air for 40 years, had been number one and they lost that position to fox, it's just an amazing story. the question now is, can they keep it up? once it became clear he , should investors pay more attention to this? as we've talked to investors over the near to immediate term, people don't feel there's much risk to the cash flows coming out of the fox channel. they are such the dominant leader over the number two player, cnn. but long-term there are questions that will the tone of the fox business channel and news channel change? will they change tack and beer away from

obviously rupert murdoch has a great interest and is very involved.ng to me, involvement of his two sons to ply aayed a role in removing ailes from the scene. no choice. people talking so great, they didn't have a choice. the question, can they keep up the success that ailes has seen? their demographic is aging. they've certainly have much more -- more struggles than in the past. the question is, can they keep surging forward with new things, depending which the administration is and stuff like that. >> kara, that seems to be the exact variable people are trying to size up. exactly how much change will the murdoch sons be able to push through in a company that still has legacy executives? >> well, yeah. exactly. this is a changing era. be honest. rupert murdoch is active in returning the company but his sons moved into a much more prominent position. they tangled with ailes previously and didn't have enough to power. but now enough ammo considering the allegations, and you won't see rupert murdoch running this company 20 some years more unless he has

murdoch released this statement.er ailes made a remarkable contribution to our company and our country. roger shared my vision of a great and independent television organization and executed it brilliantly for 20 years. basically, he says it's always difficult to create a channel or a publication from the ground up. and against seemingly entrenched monopolies to lead a flourishing news channel roger has defied the odds. once again, roger ailes resigns as chairman and ceo of fox news channel, fox business news and murdoch is chairman and acting ceo of fox news channel, fox business network and twentyiest century fox. back to you with details of golden parachute or packages we'll bring them to you. >> thank you very much. so much water cooler talk about this. not just in our business, but on wall street and elsewhere. about trying to read the tea leaves what this means for the future of an organization that was so beholden to this one individual whose vision really was the fox news channel all these years. >> without a

stepping in is rupert murdoch. let's get more. a lot of senior hosts from fox news, brent hume, chris wallace, saying they were comforted that rupert murdoch was coming back in that project is stability and continuity, and that was the message rupert murdoch delivered on a conference call. however, you have to imagine rupert murdoch will not be running the channel for the long term and will spend the next couple of months to see who is good, who should stay, and who should go, and who is capable of running the place or with a have to go externally for a long-term replacement. there will be some changes to fox news in the future, but for the time being, they are projecting stability for employees and investors, fox news being one of the most important assets. check of what is going on as far as nintendo and mcdonald's japan. pokemon go was released in its home country, just becoming available for download in japan. these are the shares at the moment. nintendo moving to the upside. we have come off that a little bit. mcdonald's japa

instead, rupert murdoch thanked him for his remarkable contribution and said ailes made murdoch will serve as acting murdoch will now serve as acting c.e.o. and chairman of fox news. the stunning fall of the 76- year-old began more than two weeks ago when former fox anchor gretchen carlson filed a sexual harassment lawsuit against him. >> so what is the real story? >> reporter: carlson claims she was fired for refusing his sexual advances. that's when fox's parent company, 21st century fox launched an internal investigation. today gretchen carlson's lawyer said in a statement, "we hope that all businesses understand that women will no longer longer tolerate sexual harassment and reputable companies will no longer shield those who abuse women." ailes built fox news channel into a top-rated cable network that held tremendous influence over the republican party. >> tonight's the night. >> reporter: his resignation has prompted questions about the future of not only fox, but the overall media landscape. jim rutenberg covers media for "the new york times." >> fox news has been such a part

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so now the murdochs will have to face that question. murdoch sons are in charge of the business for the first time. roger ailes kind of pushed them off. they're going to have to confront both the workplace question of wha what kind of workplace is it, a madman or 20th century workplace, and significant business issues ahead. >> brown: why now, jane hall? there was a boy about roger ailes by gabe sherman a few years ago. what is your react? >> i hope it means the world changed. the younger murdochs did not particularly like roger ailes, but i think the fact that so many women, including reported my megyn kelly came forward. this is not something you can count nance in a modern media organization. he ruled and invented fox news news. it's so much a part of our culture that women who were sexually harassed were not taken seriously. so i'm hopeful that this means that even a powerful person can be investigated for this. >> you wrote an op-ed in the "new york times" today and you wrote of fox as a perfect reflection of ailes himself. how did

that decision, of course, shared in some ways by foxes chairman, lockland murdoch, its ceo james murdoch and of course the man who founded the overall company itself, rupert murdoch, who is consulted i'm told on all of these decisions. but again, a significant change in leadership seems to be in the offing at fox news. i would share a statement that they shared on twitter, essentially saying moments ago, roger is at work. the review is ongoing. the only agreement that is in place is his existing employment agreement. you can see the time of that tweet. i guess, simon, that's the way now major corporations like to communicate, via tweet. >> it is, as you rightly point out, an extraordinary -- it's a phenomenon what ailes has managed to do both editor kael, right or wrong, and as a profit center. the inevitable question is, is this like apple without steve jobs moving forward. do we have any idea who might replace ailes and the degree to which the business could be impacted? >> those are key questions, of course action and i don't know. speaking to a number of people, some indicate there i

guest: the future depends on the rupert murdoch family.ed it with roger and approves of the way it is. it is interesting that he is the interim ceo. he will try to maintain it in the same way to the extent that he can but rupert murdoch's son s, they are not their father. that network make so much money and it is so defined for conservatives and. even if they decide to keep it the way it is without roger ailes, it cannot be the way it is. donald trump does it is her portion a number of interviews with fox news, will knewcontinue? >> before i rupert murdoch was going to be ceo i thought that could change, because it is him, i think that will remain the same but if i were your network, there is going to be more of a shot at that. just made a huge difference, the dna of abc news. what is an example of something that roger ailes did that will now be different? while it is overstated but he is dictating every word, in the come andhe tells you make sure you are on this, make sure you are on that, the irs scandal -- would that have been covered t

it looks like james murdoch had a big hand in making the change.bigger influence on the company and on fox business and fox news, will they change the editorial focus of this channel going forward? toe: that is where i wanted go. there are reports that a number of the talent at fox has clauses in their contracts that they can walk away if roger ailes is no longer there. does the talent matter as much as the focus, the right wing conservative focus of the brand? paul: i think it is both. one of the advantages that roger ailes brought to fox is his ability to identify and bring talent on the air and keep the talent on the air. bill o'reilly and megyn kelly, for example. cnn might be more of a broader newsgathering organization. fox news has built itself on the talent. i think that is a risk, but the question is, their editorial focus has really found a significant niche in the viewing public. it has allowed them to build a big audience, bring advertisers in and support this network. if it changes, there could be an issue. guy: let me pick up on that

and tonight, rupert murdoch himself is stepping in. nbc's anne thompson reports of the shock waves being felt right now. >> reporter: roger ailes, one of the most powerful men in news and politics, is out. the former fox news chairman and ceo toppled following accusations of sexual harassment. first made in a lawsuit brought by former anchor gretchen carlson. then this week reports that fox star megyn kelly told investigators ailes harassed her when she was a young correspondent in washington. the 76-year-old ailes denied the charges. today in his resignation letter to rupert murdoch, head of parent company 21st century fox, ailes made no apologies and congratulated himself, writing he takes particular pride in the role that i have played advancing the careers of the many women i have promoted. >> i think we certainly will see a profound transition in what fox news is, what it represents and its relationship with its audience. >> reporter: murdoch, who now takes over fox news, left corporate headquarters this evening without saying a w

murdoch will serve as acting ceo and chairman of fox news.-year-old began more than two weeks ago, when former fox anchor gretchen carlson filed a sexual harassment lawsuit against him. >> so swa what -- >> so what is the real story? >> reporter: carlson claims she was fired for refusing his sexual advances. fox's parent company, 21st century fox, launched an internal investigation. gretchen carlson's lawyer said in a statement, we hope that all businesses now understand that women will no longer tolerate sexual harassment and reputable companies will no longer shield those who abuse women. ailes built fox news channel for a top rated cable network that held tremendous influence over the republican party. >> tonight is the night. >> reporter: his resignation has prompted questions about the future of not only fox, but the overall media landscape. jim rutherberg covers media for "the new york times." >> fox news has been such a part of our dialogue and that is the fox news that roger ailes created but that roger ailes, fox news changes and i t

ailes will be available as a consultant to murdoch.ment by 21st century fox filed a sexual harassment suit by gretchen carlson. ailes strongly denied the allegations in the suit. 21st century fox hired a law firm to conduct an internal inquiry and that was followed by leaks to the press. i can confirm reports that a number of female fox employees who were interviewed for the internal review made allegations of inappropriate conduct. megyn kelly, also cooperating, has not discussed reports that she alleged improper conduct taking place about a decade ago. ailes has denied her allegations saying, "he spent much of the last ten years helping her achieve the stardom she earned." murdoch placed ailes in a statement for having made "a remarkable contribution to our company and our country." there are words of praise for ailes have murdoch's sons, james and lachland, top executives at fox and reporters at odds with ailes. without referring to harassment they say "we continue to maintain our work environment based on trust and respect." many w

executive chairman rupert murdoch will become chair and acting chairman of fox news.elcome, as always. let's start first of all with your reaction. i mean this, developed and came to a conclusion rapidly. >> indeed it did. you know, i think obviously if you're a casual observer this is bombshell news. however, iperspective, if history is anything to go by, we expect investors to shake off the news but clearly roger ailes is a larger than life personality won fox news which is almost synonymous with his tenure. obviously fox news is an extremely important asset for, you know, for 21st century fox, but i think on the bright side they have been successful in signing a lot of long-term contracts which should keep them going until they can get steady hands to replace roger ails. >> so you do not see this as a near or maybe even a long-term threat to the stock price or to the profitability of fox news? >> well near term you're likely to see, you know, some headline risk around this. there's also potential issues with succession, you know. rupert is taking over the -- you kn

roger ailes provides the one thing that rupert murdoch likes most, and really can't do without, which is money. an enormous amount of money. >> reporter: a year ago murdoch put his son's lackland and james, in charge of fox news. a source with direct knowledge of the situation told nbc news the brothers wanted ailes out, even back then. the drudge report posted a document that purported to be the $40 million separation agreement between ailes and 21st century fox. the document was almost immediately taken down. the company followed with a statement, tweeted out soon thereafter. roger is at work. the review is ongoing. the only agreement that is in place is his existing employment agreement. cynthia mcfadden, nbc news, new york. >>> let's get down to business with cnbc's landon dowdy. good morning, landon. >> hi, dara. wall street will try to keep the good times rolling today. the dow managing to close at a record high for a sixth straight day. the broader market falling on netflix disappointing earnings. the stop dropping 13%. that's its worse day in nearly two years. you want to look

ways.ould go one of two james murdoch is not as conservative as his father and conservative as rogeriles. he would like a smoothing of the edges and make fox news more like sky news, which is more like what 20th century -- 21st entry fox owns in the u k and australia and might resemble .ore what cnn looks like the other model is to summon up the spirit of roger ailes and say what would roger have done and hope to cling to the conservative core that has launched them for so many years. thank you so much for calling in. our bloomberg news reporter in l.a., i know you will follow the story. coming up, yahoo! getting closer to finalizing a sale. will it the verizon, dan gilbert, or a little-known firm called vector capital management? we will break it down, next. emily: the news investors are waiting for -- yahoo! could be just a week away from a sale. now is former yahoo! -- what do weeric know in terms of the top three on the list? tell us about actor capital. guest: vector capital is a name few people know. sales the reasons the process has dragged on so long is that the advisors were

rupert murdoch, the head of the news channel, will at that time reign.ir, good morning. >> started earlier in the month whether fox news anchor gretchen carlson filed a sexual harassment lawsuit against him. much more ahead which included an internal investigation, the end of which he has resigned. after nearly two decades at the helm of fox news, roger ailes stepped down thursday. >> roger ailes resigned this afternoon as chairman of fox news channel. fox business network and fox television stations, effective immediately. >> ailes denied any wrongdoing. in a letter to rupert murdoch, he wrote i take particular pride in the role i have played in advancing the careers of many women i have promoted. for now the 76-year-old is being replaced by murdoch the man who hired him to help launch fox news in 1996. >> i think the fact that rupert murdoch is taking over fox news is a clear sign that the fox empire wants to make sure that both the viewers of f know that it's going to continue to do what it has done for the last 20 years. serve a very loyal and distan

and really can't do without which is money, an enormous amount of money. >> reporter: a year ago murdoch put his sons in charge of fox news. a source with direct knowledge of the situation told us the brothers wants ailes out even back then. the drudge report posted a document that purported to be the $40 million separation agreement between ailes and 21st century fox. the document was almost immediately taken down. the companies followed with a statement tweeted out soon thereafter. roger is at work. the review is ongoing. the only agreement that is in place is his existing employment agreement. cynthia mcfadden nbc news, new york. >> a group of whale watchers near sydney, australia got up close and personal with a humpback whale after it surfaced a few feet from their boat. the photographer that captured the amazing image said everybody on the boat was looking the other way. >> it looked photoshopped, right? >> how could they miss that? how could they not hear the splashing? >> maybe they thought it was going to come up on the other side of the boat. you have to watch for the bubbles i

rue pert murdoch assuming the role. two seismic things happening, the scheduled one is donald trump accepting the nomination for president tonight. the unscheduled one is this news about roger ailes and fox news. joining us now is michael wolfe to discuss this. michael, thanks very much for being with us. can you give us some perspective on the importance of fox news in the republican party? >> i think fox news and roger ailes have been the most important influence in the republic yn party and the conservative movement for a generation now. i don't really think you can overestimate how pervasive and how truly profound fox has been. donald trump tonight is going to say, i am your voice, because we know this because his speech has been leaked but really that voice, i am your voice, the republican voice, has been fox for a very long time now. >> michael, what happened when fox ran into the idea, the year of donald trump? >> i think it's been a very contentious year for fox. fox is use d to giving orders, effectively, to re

ailes knows that and tapped into it. >> reporter: he was a perfect match with rupert murdoch and hisabloids, loud and in your face and politically incorrect. he brought that to cable. >> don't give me any of that, we just heard the words. >> and the party. >> reporter: lifting ratings and winning elections. this morning, it came back to bite him. donald trump is also a creature of the tabloids who isn't afraid to play rough. now, the paths of these two comets intersect as one descends and one ascends, but the style and swagger remain. cynthia mcfadden, nbc news, new york. >> we're back in a moment with a driver caught on camera slamming into a police car. wait until you see what he was doing behind the wheel. >>> in south carolina, a group of kindhearted souls came to the rescue of a trapped driver and the remarkable scene was caught on camera. nbc's gabe gutierrez has the dramatic story of heavy lifting against all odds. >> reporter: the outlook was grim, a red convertible flipped over on a ditch in lexington, south carolina, on i-20. trapped underneath, jonathan jenson. >> all i re

>> yes, i've talked to those who advised rupert murdoch in past years.is would have been handled and the investigation would have been done internally and it would have been put in a file. bill o'reilly was sued for sexual harassment. fox had to make a seven figure payment to make that go away. they were willing to do that for their biggest star. i think that's been historically the template under rupert. i think it's a different moment. >> megyn kelly say big star and z that say anything to you? >> well, people don't know entirely where this is going to end up. this has been a rolling story and i think megyn kelly who has been in the midst of in a sense a publicity tour and other networks has not wanted to get in the middle of this melee. she's kept her powder dry. >> but this is a sign of the two sons running the company? >> i think that's right. if you look at james murdoch, he wants 21st century fox to be that company. and creating fox news and profits it's generated. he doesn't see roger ailes in his mid to late 70s as presenting a forward-looking f

roger knows that and tapped into it. >> reporter: he was a perfect match with rupert murdoch and hisob bloicabloi tabloids, loud and in your face and politically incorrect. >> don't give me any of that, we just heard the words. >> reporter: lifting ratings and winning elections. this morning, it came back to bite him. donald trump is also a creature of the tabloids who isn't afraid to play rough. now, the pat paths of these two comets int intersect as one descends and one asce ascends, but the style and swagger remain. nbc news, north carolina new york. we're back with a h. heartburn. sorry ma'am. no burning here. try new alka-seltzer heartburn relief gummies. they don't taste chalky and work fast. mmmm. incredible. can i try? she doesn't have heartburn. new alka seltzer heartburn relief gummies. enjoy the relief. if you have moderate and you're talking to your doctor about your medication... this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira helping me go further. humira works for many adults. it targets and helps to b

harassment lawsuit by a former fox news anchor and stepping in to replace ailes, his boss, rupert murdochon reports. >> reporter: roger ailes, one of the most powerful men in news and politics is out. the former fox news chairman and ceo toppled following accusations of sexual harassment. first made in a lawsuit by gretchen carlson and then this week reports that megan kell lee told reporters he harassed her when she was a young correspondent in washington. in his resignation letter ailes made no apology and congratulated himself, writing, he takes particular pride in the role that i have played advancing the careers of the many women have i promoted. >> i think we cin a profound transition in what fox news is, what it represents, and its relationship with its audience. >> reporter: murdoch who now takes over fox news left headquarters without saying a word. in a statement gretchen carlson's attorney said we hope reputable companies will not -- in ailes like trump media power and politics intersected. the former republican consultant created fox news from nothing, building it into a multi

he was replaced by rupert murdoch, the head of 21st century fox. company said in a statement that ailes' resignation was effective immediately, and mr. murdoch would take over as chiefan and acting executive of both fox news channel and fox business network. parliament has endorsed a three-month state of emergency, declared by the government in response to last week's failed coup. some of the country's commitments under the u.n. coalition of human rights have also been suspended. our special correspondent has this report. reporter: there is no doubting now who is in charge. with a fatal emergency, thousands of arrests, the president's grip on power has tightened. waiting near the court, parents of boys at a military school. the people gathered behind me are the families of young soldiers who have been attained, some of them in their early teens. they just one news of what has happened to their children. at this tense time, they do not want to speak with the international media. tens of thousands of people who have crossed the country have now been

ailes is expected to serve as an informal adviser to murdoch.as accused of sexual harassment in a lawsuit filed earlier this month by former fox news host gretchen charlesson. ailes has denied the allegations, and neither he nor fox addressed the widening scandal yesterday. details were not given on the settlement agreement for ailes' contract that was supposed to run through 2018. but "the new york times" does report that according to two people briefed on the matter ailes will receive around $40 million as part of a settlement agreement. let's turn back now to the convention here in cleveland. donald trump and the republican party are in hot water with rock royalty once again. trump's daughter ivanka walked out last night to the beatles hit "here comes the sun" which was written by george harrison. his estate was not happy about that one, writing on their official twitter account quote the unauthorized use of "here comes the sun" at the rnc in cleveland is offensive and against the wishes of the george harrison estate. they added some british

he's advising rupert murdoch in some sort of personal capacity.would say the investigation is ongoing. we haven't drawn any conclusions yet what we did do, they say is we took action fast to get him away from employees and now, again, i don't believe it's going to end up with $60 million either. if the contract let's say says roughly $40 million they may make a business decision that says we'd rather not litigate this. remember roger ailes' position is i didn't harass anybody and if they say we're not going to pay you because you violated our contract they're going to end up in a lawsuit with roger ailes. >> notably fox in its statement didn't even mention the sexual harassment charges or allegations. what do you make of that. >> that was very interesting. but i think these things are really negotiated out, right, so they couldn't do that. my guess. but the bottom line is they did take just decisive action and that's very important. when you have a sexual harassment claim and when it's substance yachted if you are the parent company you have have

rupert murdoch does it. i said he does not. i get up from the chair i went to my desk and picked myself on with the speed dial and got him. i said there are two guys here from twitter they tell me you have a twitter account. he said i'd do steve. [laughter] you do? and i have $247,000 -- to order 47,000 followers. i was speechless. why did you do that? is set every once in awhile i will tweet something out to. it was a check may. see you later. and it shows i don't know what i am talking about. [laughter] john: thank you steve wynn another man who worked his way to use the top to make his company extra successful responsible for though weird sexual advertisements. >> what is more american the and a cheeseburger? this one coated with a hot dog and potato chips in the hands of an all american model in a hot tub in a pickup truck driven by the american bull rider on the aircraft carrier under the liberty as she admires the most americans take burger new act carl's, jr. >> he took over the company that was in debt just four years l

all i know is what i read, but i read of this split between murdoch and the kids.t do you see happening? >> well, i don't think that they're going to try to change it dramatically, even though the kids may want to. look, i haven't worked there as a liberal, it's an unusual situation. but that company -- the fox news channel sent a billion dollars to the bottom line of murdoch's company. they're not going to want to mess with that. when the old man himself says murdoch, that he's going to run the place being ceo, he's not. my guess is bill shine, who is number two to roger ailes, will do that. but i think it's very dangerous to bring somebody in, for example, to run that network, because so much of it was built in roger ailes -- you know, his personality. and the idea of disrupting it, and particularly now in the middle of this campaign, would be a terrible mistake. >> do you see any prospect that some of the talent over there, some of those who came out in support of roger ailes, they get together and they all go to a different network? >> well, the question is, wh

he will be succeeded by rupert murdoch.ly sanguine about this. 25% of 21st20% to century profits. isrupert murdoch, not a lot expected to change? >> most investors do not think there will be much of a hit. it is 25% of total cash flow, it is important. they are dominant player. near term, not much of an issue, particularly going into an election year where audiences will be big. >> the demographic average age is 65. is this the high water mark re ision mark >> the colo extremely profitable, but any new leader has to develop new business. >> it weaken disconcerting news. a slew of headlines involving lawsuits, investigations and that rounds of our coverage on bloomberg television. paying euakers regulators a record 3.2 billion dollar fine for fixing prices over 14 years. >> it is a big fine. we're talking about a very damaging cartel. it lasted for 14 years. it affected all of the european economic areas. these are very important vehicles for the entire european economy. these are the elements that go guidelines in order to

he and murdoch are friends.ds for years. >> so, when we hear, for example, he's going to be an adviser and $60 million, you know, let's be very careful to take all that with a grain of salt -- >> he's not going to be around women at fox news. he's not going to be around women at 21st century fox. he's not going to be around women in that kind of powerful capacity because that's what sexual harassment is about. it's about power. and so you have to take the power away from the bad actor. >> and this isn't just about one woman. there are reports that as many as ten women have stepped forward, including megyn kelly. can any of those women sue and does that do anything to the others? >> so, the statute of limitations in new york is three years. so it would have to be within the last three years. i think you're going to certainly see the gretchen carlson lawsuit continue. this doesn't change that lawsuit because she sued him and not fox. but this is now providing an enormous amount of ammunition for gretchen carlson,