the paper was forced to close in a scandal that still echoes through news corp to this day.by his supporters, so it will be completely binary. his legacy will be incredible positive in the papers that he owns and very negative in those that he does not. the passing of the baton has long been expected, but this moment is no less significant for that. when the downing street switchboard announces rupert's on the line, prime ministers may a longer feel they have to take the call. mark easton, bbc news. our north america correspondent john sudworth is outside fox news hq in new york. one of the world's biggest media figures stepping back at 92 — what do you think his impact has been? so for, you know, at the age of 92, this moment had long been anticipated, of course. but when it came, the stepping down of somebody who is arguably the world's most powerful and controversial media tycoon has still, is a bit of a shock to staff here at fox news as well as other offices across his empire. in a statement to staff, he described his son lachlan is a passionate and principled leader wh

media tycoon rupert murdoch is to step down as chairman of fox and news corp.or russia. the three men and two women are due in court next week. the charges follow an investigation by the metropolitan police. the deteriorating relationship between canada and india. prime ministerjustin trudeau repeats his claim that india was involved in the killing of a sikh man near vancouver. a of a sikh man near vancouver. charge india mainta king of a sikh man near vancouver. charles tours the re work king charles tours the restoration work at the notre dame cathedral, after being the first british monarch to address the french senate. sport now — and for a full round—up, from the bbc here's marc edwards. mercurial fly half marcus smith starts at fullback and captain owen farrell returns at legal. smith impressed in the position after coming off the bench in recent weeks, including in the pool d win overjapan. freddy steward is rested among the 12 changes. farrell appears for the first time at france 2023 after a four—match ban coming in for george ford, who is named as a r

again, both news corp.ox shares impacted by this, the future with the company now changing, but it has been a volatile period for media companies in general and in particular for fox news corp., fox paying dearly for their embracing of the trump claim that the election was stolen by a conspiracy and a lot of legal difficulties resulting from haidi: that. there are indications that this seemingly smooth transition, nothing surprising about this. su: it could get pretty bumpy down the road. that is what observers are saying. they're saying that while it is clear the elder murdoch has pointed, appointed his son to take over, after his death apparently there could be some controversy between his siblings over control over the vast empire. in the meantime, there are the legal issues i mentioned, the historic fine or loss of the dominion voting defamation suit. there is now another lawsuit on the same or similar issue. there has been a decline in newspapers and media properties such as television and cable, as we

of politics, perhaps a different vision for the future of the murdock empire. laughlin takes over news corp with plenty on his plate, an upcoming us selection, and a major lawsuit over foxes coverage of the last election. consider it and its tended audition for the job of writing, one of the biggest, most influential and according to its critics most dangerous news organizations on the planet. speculation began decades ago, when will rupert murdoch hand over his global media empire and to whom, who will end up controlling fox news and the wall street journal in the us talk tv the times and the sun in the sky name is this trail. yeah. and 7 of the 12 national daily papers there. hundreds of news outlets across 3 continents, publishing companies and streaming services. for now murdock has anointed his eldest son laughlin. choosing him over james and the 2 sisters, elizabeth and prudence. call it a pre emptive strike. rupert murdoch is doing what he can, while he's still can to control the future of the company. he created the true succession and more fascinating. the story unfortunately begin

the question now becomes, what if anything, changes at news corp. now that laughlin murdock has been chosen by his father to call the shots, is the strategy to prioritize ratings and corporate profits over journalistic accuracy and ethics here to stay past behavior. what suggest laughlin is not one for attorney, but can he afford not to change? fox settled the dominion voting systems lawsuit out of court, but a 2nd defamation case launched by another voting machine. company, smart magic is still to be adjudicated and the ask is $2700000000.00. that is the conundrum. this fox alter it's journalism to limit future legal damages because doing so would risk alienating its audience and driving down its own ratings. laughlin murdock state ment suggests that he does not care if his network is putting us democracy in jeopardy. what's most significant is what fox news became in the years, all of which i see was running it beginning in in 2018 or so. a propaganda outlet for donald trump's white white house promoting white nationalist conspiracy theories. dema

if you look at the way he built ap empire and split up the empire news corp from fox and selling off f questioned that wondering how much potential there was there. in light of cord cutting that is seen as valuable and i just have to say, david, we should not be surprised he's stepping to this emeritus role. he is 92. it does mark the end of an official era at news corp and fox. >> stepping up of -- i mean lack ylan is running fox, but he's chairman or cochairman. does it mean anything in terms of lackland's overall responsibility. he's not overseeing news corp but that is a murdoch controlled company as well. >> yeah. i think that these -- this change in title for rupert murdoch may not change inch terms of the day to day but look at the future of the two companies you have to see news corp which was a newspaper company increasingly becoming a data company. becoming a company that's focused on sort of digital content and whether it's for real estate information or sort of the digitalization of the subscription business of the "wall street journal" a shift there. when it comes to the

at 92, rupert murdoch stepping aside at fox and news corp, leaving the empire to his eldest son, 52-year-old lachlan murdoch. he has transformed the media landscape as we know it. murdoch began his reign as titan of the tabloids in australia, building a 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, murdoch had control of everything from local news to entertainment, including one of the biggest comedies >> i'm rupert murdoch, the billionaire tyrant, and this is my sky box >> reporter: he launched fox news channel >> this media was not embraced it was loud. >> reporter: it became a corner stone of the modern conservative movement but after the 2020 election, fox news faced scrutiny for airing baseless themes of voter fraud they were sued by dominion voting systems over the false claims, ultimately reaching an agreement. 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 peo

the paper was forced to close in a scandal that still echoes through news corp to this day.place in history will be written by his competitors and by his supporters, so it will be completely binary. his legacy will be incredible positive in those papers that he owns and very negative in those that he does not. the passing of the baton has long been expected, but this moment is no less significant for that. when the downing street switchboard announces, "rupert's on the line," prime ministers may a longerfeel they have to take the call. mark easton, bbc news. live now to alan rusbridger, who edited the guardian newspaper from 1995—2015. thank you forjoining us on the programme. the extraordinary when you watch that peace and just think back for seven decades what an influence rupert murdoch is had on the global media landscape. he has been an incredible _ the global media landscape. he has been an incredible figure, _ the global media landscape. he has been an incredible figure, and - the global media landscape. he has been an incredible figure, and i - been an incredible fig

what is the significance of murdoch's doeeparture >> he is synonymous with fox, fox news corp., fox newsporation, everything. he's in all control of the empire since the beginning, back in 1954 with newspapers as you're seeing there to start television didn't come to the 1980s. it led up to fox news which launched in 1996 it is not a surprise, he is 92 years old and he was expected to take a step back at some point the move is getting more attention from some around the world because it comes ahead of what could be one of the most dramatic and contentious election tykeles in recent times. as for the mechanics of what is next for both companies, you pointed out, his eldest son, lachlan murdoch, will assume the chairman role and the murdoch family, the family trust controls 40% of the voting power in both fox and news cs corp. as well even though rupert is stepping down, that murdoch family is still very entrenched in that media empire. >> we're closely following the negotiations between the writers guilds and major hollywood studios. >> people close to the negotiations between the writers

he will be sold chairman and continue as ceo of news corp. x while taking on additional duties. shares of both companies rose on the news. murdoch issued a statement congratulating his father and he made text -- takes on a daunting task, steering the companies around to very troubled industries. print and tv. the big changes are unlikely to cape the country in new directions right away and that's because rupert murdoch is not going away. he remains as chairman and will continue to advise. the biggest challenge to the company going forward could come when rupert passes on. it's not clear whether locklin murdochs siblings will continue to support him in the role of ceo. su keenan, bloomberg, new york. kriti: coming up, full and with an escalating dispute with ukraine. the controversy coming ahead. this. ♪ kriti: welcome back. this is daybreak europe. poland says it may send more of its older weapons to you rain once it receives no equipment. the president clarified controversial remarks yesterday that it would stop supplying weapons altogether.

rupert murdoch is stepping down as chairman of fox's parent company and news corp.ent has more. >> reporter: 92-year-old media magnate rupert murdoch announcing he'll leave his role as chair of fox and news corp. in mid-november becoming chair emeritus of both businesses. his son lachlan will take the reins. part of a long-standing succession plan. this won't be your typical retirement. in an internal memo to employees obtained by cbs news, rupert murdoch said i will be watching our 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. and ten years later, he founded fox newschannel, providing him an influential role in conservative politics. >> i've been practicing for 40 years. and you know, a lot -- >> reporter: murdoch's career has been plagued by controversies. in 2016 he ousted his longtime ally, fox news chairman and ceo roger ailes, amid sexual ha

this paul's thursday folks, corporation in news corp announced that rupert murdoch after 7 decades in the media business is retiring. and his eldest son, laughlin, will be the new man in charge since inheriting his father's newspaper business in his native australia. on the 1950s murdock senior built immediate control mart, consisting of hundreds of news outlets in dozens of countries, including fox news and the wall street journal in the us. herbert murdock is 92 so media, what years knew that this was coming and he had already tapped laughlin as a successor, making him the ceo of folks. but the timing is interesting, folks knew it was the most watch cable news channel in the us has been the subject of a number of those who to those are the stations coverage of the 2020 presidential election and amplification of baseless conspiracy. theories about the election being stolen from donald trump. they ring the election in front of all of us and nobody did anything about the 1st of those legal cases, ruled by voting, machine, manufacturer, dominion. so folks settle out of court for almost

his eldest1 fox he's just announced he's step news corp. his eldest son,:ox and news corp.in a memo which was all employees, was sent to all employees, murdoch the time is right murdoch said the time is right for to take on different for him to take on different roles as he is set to transition to the role of chairman emeritus of both firms from mid—november. >> yeah , well, breakfast dean >> yeah, well, breakfast dean spencer takes a look back now at his seven decade run as perhaps the most influential man in the media industry . media industry. >> prior to ah, well, we can't hear that. yeah, there you go . hear that. yeah, there you go. >> yeah, well, it is interesting, though, because he started his life. a lot of people think it was a rags to nches people think it was a rags to riches story, but it's not. no, he came from a very well—to—do family in adelaide and then set up his business really just by buying a local newspaper. well, his dad was in papers as well, so he sort of he was he built on that and gradually became very, very well known in australia. >> he had too

so um uh, news corp and uh, just got done. you know, loading of offloading a lot of the central team and properties. are kinda reorienting around use. uh, uh, both cable television news as well as print. um you also see, you know, fox news recently suffering or not suffering but you know, agreeing to pay nearly a $1000000000.00. $787500000.00 to settle a lawsuit, a bite, dominion voting a red flies regarding the 20202020 election. and you know, there's another large 2 plus $1000000000.00 loss. you buy smart medic, uh, coming down the pike. so i think uh, fox isn't kind of on the real estate right now. yeah. do you think that is why he left? i don't think so. i don't really know why he left. he's kind of been, you know, working from the margins. he hasn't really been kind of a day to day operator for quite a while. it seems like quite all accounts. and so i don't know, maybe you know, he just wanted to get everybody's saying nice things about it before he died. you know, everybody likes to you is, you know, word of and is outlet

lachlan murdoch will become chairman of news corp.nd continue his position as chief executive officer of fox corp. murdoch's media empire began in australia. 1952. it quickly expanded. in 1969, he bought one of britain's oldest newspapers, "news of the world" which he then shut down in 2011 after the tablet was accused of eavesdropping on phone calls and hacking voicemails of missing children, families of soldiers killed in action, and others. this is rupert murdoch testifying before the british parliament's culture and media committee in 2011. his question by labor mp tom watson. >> mr. murdoch, at what point did you find out that criminality was endemic at the news of the world? >> endemic is a very hard -- is a very wide-ranging word, and i also had to be extremely careful not to prejudice the course of justice which is taking place now. that has been disclosed. i became aware as it became apparent. amy: the british parliamentary committee concluded rupert murdoch and his son james showed "willful blindness" about the scale of phon

he'll step down, his chem and a fox news corp. the 92 of old created fox broadcasting in 1986. it eventually became the number one cable news channels in the us, and it's known as one of the biggest platforms for the public and politicians. it's on laughlin will now become the sole chairman of both companies custom salumi before it's from new york, or he is the owner of the global media empire and one of the richest man in the world. but 92 year old rupert murdoch is stepping down as chairman of his holding company news corps, the gang to having a lot of different approaches to the payment. we've got to try and set up the problem to have the percentage of been trying for a long time. born and australia, murdock built his media empire in the u. k. and, and print before expanding it to the lucrative u. s. market. his us holdings include the wall street journal in new york post here he's best known as the creator of fox, the 1st broadcast network in the history of television, to successfully take on the countries. big 3 win, fox news network launched in 1996. it was something new,

so um uh, news corp and uh, just got done, you know, loading of offloading a lot of the central team and properties. are kinda reorienting around use. uh uh, both cable television news as well as print um you also see, you know, fox news recently suffering or not suffering but you know, agreeing to pay nearly a 1000000000 dollars, 787500000 dollars to settle a lawsuit, a bite, dominion voting a red flies regarding the 20202020 election. and you know, there's another large 2 plus $1000000000.00 loss. you buy smart medic, uh, coming down the pike. so i think uh fox isn't kind of on the real estate right now . yeah. do you think that is why he left? i don't think so. i don't really know why he left. uh, he's kind of been, you know, working from the margins. he hasn't really been kind of a day to day operator for quite a while. it seems like while accounts and so i don't know, maybe, you know, he just wanted to get everybody saying nice things about it before he died. you know, everybody likes to you is, you know, word of and is outlets really huge political power. how do you expect us to

and as and as i said, you know, there was i think we named news corp, axel springer, the new york timesl of these we know to have been in discussions around, you know, do theyjust pay you a check? do they build something for you? so there are definitely going to be partnerships that will have some kind of financial shape to them. i mean, we keep mentioning google and obviously there are lots of other organisations allegedly doing this as well. just to explain what you were saying, because i think for audiences, what this is going to mean is that the moment you might go into a search engine and you'll put in a question about something and it'll come up with a whole load of different articles that you can choose to read. and what we're saying is in the future, it'll be a one stop shop, the summary of all those articles, and that's what's different. jackson, is this something you're worried about? yeah, absolutely. this is the thing i'm most worried about as a digital publisher. - i mean, from my point of view, you know, we know that nine . out of ten people use google, right? so basically

his eldest son lachlan is taking charge of fox and news corp, although the 92—year—old will continueal media empire, after starting in local newspapers in his native australia. in a statement to staff, mr murdoch says the companies "are in robust health, as am i". he goes on to say... "our opportunities far exceed our commercial challenges". lachlan murdoch has congratulated his father on what he called his " remarkable 70—year ca reer". earlier, i asked vanity fair's special correspondent brian stelter for his reaction to the announcement.

. >>> rupert murdoch stepping down as the chairman of fox corp and news corp. why the change? and who now takes over? >>> in new york city tonight, after the toddler died from fentanyl at that day care, three others saved with narcan. tonight, the new discovery, a trap door under the play area at that day care. what authorities found beneath it. >>> in boston, two jetblue flights hit by lasers while trying to land there. the warning tonight. >>> and america strong this evening. the moving effort to find dogs their forever homes. will it work? you have to see this. >>> good evening and it's great to have you with us here on a thursday night. we are tracking this storm right off the east coast. the warnings up right now. this will hit from north carolina and maryland right up through washington, d.c., new york city, up to boston. >>> but we're going to begin tonight with this horrific scene just outside new york city, a deadly bus crash carrying high school students to a band camp. we have just learned at this hour at least two people are now dead, more than 40 injured. at least

all right, so let's talk about rupert murdoch's stepping down is head of fox and the news corp. uh, after decades at the home of these very influential media outlets. earlier, i spoke to ellis enders, who's the head of research anderson novices. what exactly sets rupert murdoch's media brands a part that's what asked it is one of the kind in the sense that he is a, an old fashioned news proprietor in the sense that he believes that his newspapers and his broadcasting channel in the u. s. should be opinionated and pursue an editorial line. um and uh, he is if you like partial to certain points of view. and he is also as result exercised political influence in a way that very few media proprietors have done so, you know, both in the u. a and in the u. s. was finally, critics of rupert murdoch say the world is worse off because a fan because of rupert murdoch because fox news can be seen as a destructive force in american democracy in public life. how do you see that or? oh, well i do understand very well how people might be critical of him in here in the u . k. for example, they'v

media tycoon rupert murdoch plans to step down as chairman of fox news and news corp. deepens over the murder of a sikh separatist leader in canada. i'm sumi somaskanda. thank you forjoining us. president biden has announced a new $325 million aid package for ukraine. it comes after meeting with ukrainian president volodymyr zelensky at the white house. it includes air defence capabilities, cluster munitions, anti—tank weapons and other equipment. zelensky also addressed his plans to fight corruption in ukraine after a busy day in washington appealing to lawmakers for more assistance. the house is divided over funding for ukraine. speaker kevin mccarthy said he would not commit to putting a $24 billion ukraine aid package to a vote this year shortly after meeting with zelensky. after leaving capitol hill, zelensky, accompanied by his wife, paid tribute to the victims of the 9/1! attacks, laying a wreath at the pentagon memorial and meeting with military leaders. for more on zelensky�*s day, let's go live to helena humphrey, who's at the white house. helena, good to see

what bill report murdock's departure as chairman for fox news corps means, particularly with us presidential elections coming up. we'll have expert outs also on this week's dw business specialist about economic sanctions. we dive deeper into the question is, and how economic pressure of the west against russia has been working. i mean, the kremlin, the and your friends, and endless energy your things to be pulled petrol motions of the sea. go visit the latest of what his aim to be serious wave power plants important. i'm chris kolber. welcome to the program. and myra say, here's the contributions are extraordinary. critics claim the world is worse off because of him. whichever opinion you support a lot speaks for rupert murdoch being the most powerful person in news across the english speaking world. thanks to his empire of progressive tabloid newspapers, story, daily's, and big hitting tv networks. now at age 92, he's stepping down. the news reverberated throughout the industry and beyond. that mode is stepping down as a head of news called the media close, as he created almost from scratch

his eldest son lachlan is taking charge of fox and news corp, although the 92—year—old will continuee position of "emeritus chairman". rupert murdoch has spent more than 70 years building his global media empire, after starting in local newspapers in his native australia. in a statement to staff, mr murdoch says the companies "are in robust health, as am i". he goes on to say... "our opportunities far exceed our commercial challenges". lachlan murdoch has congratulated his father on what he called his " remarkable 70—year ca reer". earlier, i asked vanity fair's special correspondent brian stelter for his reaction to the announcement. in some ways this was inevitable. yes, rupert murdoch always said he would never retire. his son lachlan always said his dad would never retire. but his 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. so rupert murdoch is not the swashbuckling feared and reviled media mogul that he once was — that he was for decades. he wa

. >>> is it the end of an era, rupert murdoch is stepping down from fox and the news corp., what does this mean for the industry he shaped we'll be right back. booking.com, booking.yeah ♪ ♪ age is just a number, and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health versus 16 grams in ensure® high protein. boost® high protein. now available in cinnabon® bakery-inspired flavor. learn more at boost.com/tv ♪ ♪ wake up, gotta go! now available in cinnabon® bakery-inspired flavor. c'mon, c'mon. -gracie, c'mon. let's go! guys, c'mon! mom, c'mon! mia! [ engine revving ] ♪ ♪ my favorite color is... because, it's like a family thing! [ engine revving ] ♪ ♪ made it! mom! leave running behind, behind. the new turbocharged volkswagen atlas. does life beautifully. travis, did you know you can get this season's covid-19 shot when you get your flu shot? huh. two things at once. two things at once! ♪ two things at once. i'll have the... ...two things at once, please. now back to two things at once. ♪ two things at once. that's not two things at once. moooom! travis? a

his son will become apparent of fox and news corp. however, murdoch told employees he would remain engaged in the company as chair emeritus. >> is one of the most influential and controversial tycoons that has rained over eight media empire for over seven decades. stepping down as chairman of fox corporation and news corp., rupert murdoch is passing the torch to his son, who will take the helm of those companies. >> for my entire professional life, i have been engaged daily with news and ideas, and that will not change. the time is right for me to take on different roles. >> a hero to some and provided to others, the 92-year-old is touted as a figure who has shaped the modern era of media, owning hundreds of local and international publishing outlets, including "the wall street journal" and "the new york post" as well as broadcasting channels including sky news australia. the valuation of his holdings totals a whopping 27 billion dollars. with his influence, murdoch has also become a power player in global politics, holding sway over

over the longer terms, fox and news corp have faced dramatic challenges. big as disney and apple and netflix. they may need more scale and may continue to see the print and may continue to see the print and digital offerings struggle in this marketplace. for and digital offerings struggle in this marketplace.— and digital offerings struggle in this marketplace. for our viewers who might _ this marketplace. for our viewers who might not — this marketplace. for our viewers who might not know— this marketplace. for our viewers who might not know a _ this marketplace. for our viewers who might not know a huge - this marketplace. for our viewers i who might not know a huge amount about lachlan murdoch, what do we need to know?— need to know? there has been a debate in media _ need to know? there has been a debate in media circles - need to know? there has been a debate in media circles about. need to know? there has been a. debate in media circles about how involved he is at these companies, whether he is a steady hand on the ship or not. and i think that debat

down, leaving many questions about his legacy bill report murdock's departure as chairman for fox news corps means, particularly with us presidential elections coming up. we'll have expert announce awesome. this week's dw business specialist about the comic sanctions. we dive deeper into the question is and how all is the pressure of the west against russia has been working amid the cremeans war. and your frank and endless energy are things to be perpetual motions of the sea. go visit the latest of what his aim to be serious, the wave power plants important. i'm chris kolber. welcome to the program. and myers say his contributions are extraordinary. critics claim the world is worse off because of him. whichever opinion you support a lot speaks for rupert murdoch being the most powerful person in news across the english speaking world. thanks to his empire of aggressive tabloid newspapers, story, daily's, and big hitting tv networks. now at age 92, he's stepping down. the news reverberated throughout the industry and beyond that modem is stepping down as a head of news called the media close

strictly forbidden in his loan and medium magnate, rupert murdoch is to step down as the leader of news corp and fox. the 2 companies are in huge numbers of influential a news outlets around the world, including the wall street journal, the times pipe in the u. k. and the fox news television channel in the united states modocs. hassan laughlin just hit to replace him as well. thank you. and is cooling some more dialogue between a sneak on meanings on media and say, protesting they're going to car back and as a by sean, off to the 1st round of talks ended without agreement. the media inside has accused as a by johnny forces of finalizing a ceasefire rates. dr. the separatist agreed to do some as a by john denies the accusation. many of the regions majority on manian residents are taking shelter. crowds of ethnic armenians gathered at the base of russian peacekeepers in the city. step on our care. russia said over a 1000 people were there. instead of peacekeepers helped armenians get from several villages to step on, or geared where they took shelter as they waited to be evacuated from the in

australian media tycoon rupert murdoch announces his retirement as chairman of his fox and news corp amendment which would reserve a third of its seats for women. a woman tells the bbc that russell brand exposed himself to her then laughed about it minutes later on his radio show. wind from our studio in singapore, this is bbc news. it's newsday. welcome to the programme. we begin in the us where presidentjoe biden has secured a package of assistance for ukraine valued at $325 million. it includes upgrades to air defences but not the long—range missiles that president zelensky had been requesting. the announcement came at the end of the meeting between the two presidents at the white house. volodymyr zelensky briefed the government about his plans. for more on this, let's go to halina humphrey who

rupert murdoch announces he is to retire as chairman of his fox and news corp businesses.an. five people in britain are to be charged with spying for russia. the three men and two women are due to face court on tuesday. india and canada's worsening relationship — india suspends visas for canadians and warns diplomat numbers are likely to be cut. king charles tours the renovations at notre—dame cathedral — after becoming the first british monarch to speak from the french senate chamber. hello, i'm rajini vaidyanathan. welcome to verified live, three hours of breaking stories, and checking out the truth behind them. we begin with some breaking news. media tycoon rupert murdoch has announced he will be stepping down as chairman of fox and new square. rupert will continue as executive chairman and chief executive of fox corporation. in a statement, lachlan has congratulated his father he says the companies are in robust health, as am i. the statement goes on to say our opportunities far exceed our commercial challenges. lachlan has congratulated his father

globe which includes the "wall street journal," britain's "times" and sky news in australia where news corp is also owner of various newspapers. and 1990s saw fox network as a major competitor but he will be known for fox news and the reputation for right wing propaganda and conspiracy theories. >>> earlier former australian prime minister malcolm turnbull talked about lachlan murdoch. >> in my experience and most people who know him would agree with this i think is more ideological, he is more consistently right wing, you know, in that sense. and so, you know, fox new, he is not like james murdoch who is appalled by what his father's media empire is doing and as you know resigned from the board. 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 pl

media mogul will be appointed chairman emeritus of each company and his son will be sole chairman of news corpd will remain fox corp's executive chair and ceo. >> thank you. kristina partsinevelos. >>> the co-ceo of blue owl is coming up next. we'll look at where they're putting $150 million to work. >>> plus as cnbc celebrates hispanic heritage, we're sharing stories of influential hispanic leaders, like this one. >> to me it's very important to celebrate the hispanic heritage month because ultimately diversity matters and matters a lot. in cannot be the flavor of the month. ultimately is something we have to do on a daily basis. there's a responsibility to lead by example. for more, it's not only the right thing to do, dwooifing diversity and inclusion, it drives the right business outcomes. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com your shipping m

. >>> coming up, fox and news corp.stepping down, and there are questions about what will happen to his media empire after his successor takes over. stay with us, you're in "the situation roroom." with voya, considering all your financiaial choices together... cacan help you be better prepared for unexpected evevents. voyaya. well planned. well invnvested. well protecte. >> tech: cracked windshield on your new car? you don't have to take it to the dealer. bring it to safelite. we do more replacements and recalibrations than anyone else. >> customer: thank you so much. >> tech vo: schedule now. >> singers: ♪ safelite repair, safelite replace ♪ choosing a treatment for your chronic migraine - 15 or more headache days a month, each lasting 4 hours or more - can be overwhelming. so, ask your doctor about botox®. botox® prevents headaches in adults with chronic migraine before they even start. it's the #1 prescribed branded chronic migraine treatment. so far, more than 5 million botox® treatments have been given to over eigh

down as the chairman of his media at the old age of media empire at the old age of 92, bequeathing news corps son, lachlan. no wars of succession, it seems, at least for now, in a media career that has spanned eight decades. he has spanned eight decades. he has certainly made friends and 1 or 2 enemies. and we'll be debating his legacy shortly. it's a great british victory. hurrah for the stiff upper lip. a new study has suggested that sigmund freud has been wrong all along, away with the oversharing and overindulging in our feelings and revert back to a good old fashioned stoic ism. built as an empire and sourced through two world wars. so can it get us through the woes of modern microaggressions? plus are the commercial success that is sit down with sitwell in a time of a shoplift ing crisis? bourgeois pilfering . have been bourgeois pilfering. have been confessing other showing off actually about what they see as harmless thieving at supermarkets self checkouts. but this is disgraceful behaviour and it all adds up to a silent tax that supermarkets end up imposing on law abiding customer f

>>> plus rupert murdoch stepping down as chairman of fox and news corp. what it all means for his media empire. >>> plus how to get a 3% mortgage as rates are 7.5%. we'll talk to the head of a company with an interesting plan to let you buy the house and the mortgage interest rate. >> looking forward to that. markets are looking better than they did earlier this morning. still in the red with the dow down about half a%. s&p down 1% below $4400. and nasdaq under the most pressure down 1.1% call it. and i'll cite the higher interest rates obviously we'll have more on that in a little while with thenearing 4.5%. and you can see amazon, alphabet dragging down the market. a s adob eflt down a similar amount. so not a lot of relief. elsewhere fedex raising guidance. it is up more than 80% since the bottom last year. tyler, fedex now at 262. >> thank you very much, kelly. with every end there is a new beginning. after 140 days of stoppage in hollywood, we are finally apparently getting movement between the studios and the writers guild. a deal would mean some re

lachlan murdoch who is in charge of news corp. and fox corp. was ceo of fox corp. their coverage after the january 6th riot at the capitol which sought to downplay the violence that day. so certainly that's lachlan murdoch's legacy. but we know that within fox news there is dissent about this. and i think -- i've been speaking to sources all week, some hope 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. ♪

fox and news corp chairman. supposedly totally robust health. new romance. >> he is still involved. >> i don't doubt him. >>> later, former house majority eric cantor will weigh in on the washington shutdown. he had his issues with the republican party and the challenges ahead for speaker mccarthy. would you come on if you were kevin? >> yes. >> you areatin wchg "squawk box" on cnbc. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. (sean) i wish for the amazing new iphone 15 pro! (jason) sean! do you mean this one - the one with titanium? switch to verizon, you can trade in any iphone, and get the new iphone 15 pro on them. (vo) trade in any iphone in any condition for a new iphone 15 pro on us. only on verizon. (birds chirping) go. and go and go and go. ( ♪ ♪ ) but what if you... stop? you work hard, it's time for a bank that'll work hard for you. everbank brings security and a guarantee that you'll earn a yield in the top 5% of competitive accounts. going, that's what got you where you want to be. we're the part

rupert murdoch announced he's stepping down as chairman of fox corporation and news corp. his son, lachlan murdoch, will become the chair of news corp and continue as executive chair and ceo of fox corporation. in a statement to employees, the 92 year old rupert murdoch said he's in good health. the company owned several media properties, including the wall street journal and new york post. fox is also the parent company of ktvu. well, a bay area poker player is apologizing for lying about having cancer to raise money, but says he won't give the money back. rob mercer is from vallejo. he had said he had terminal stage four colon cancer and accepted up to $50,000 in donations. so he could play in a world series of poker tournament in las vegas. the donations came mostly through his gofundme page. the 37 year old admitted to the las vegas review journal that it was all a lie, but says he will not be refunding anyone because he believes he now has undiagnosed breast cancer. new at noon, the state of california is now taking action to protect reproductive freedom and transpare

it is also very much a formalization of what it has already been happening at news corps. and, to your point, rupert murdoch is by no means going to fully cede control to his son, right? this is not going to be a bob iger -- situation where the inheritor is at odds with the predecessor. this is a situation where i think the company is basically saying, look, loughlin murdaugh is ready to run the company has the sole ceo and chairman so that, when the inevitable day comes when rupert does pass, there is at least some semblance of stability. there is a least face on the street among investors, certainly perhaps among the other siblings. who might have different ideas about what should happen to this company after the debt passes. some sense that maybe he actually is the best steward for this company, from a financial perspective. >> or to keep the company in the lane that rupert murdoch wanted to be in. now, his empire did say, and you said it, spread over three separate continents, but his level of influence seems way outsized here. is that the power of fox news? >> yeah, a