rupert murdoch is 92 years old.n november, he will transition to become chairman emeritus of both fox corporation and news corporation. lachlan murdoch will become chairman of news corp. and 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

he on rupert murdoch? i only met him once- he was _ on rupert murdoch? i only met him once. rupert murdoch? i only met him once. he was charming, but - on rupert murdoch? i only met him once. he was charming, but i - on rupert murdoch? i only met him once. he was charming, but i also l once. he was charming, but i also headed the investigation into the phone hacking scandal, which was a very unpleasant story to department because the organisation twisted and turned and did not come clean for about two years about what had been going on. and it turned out there was industrial scale hacking and intrusion into people's lives. it followed the same pattern recently when we learned that fox tv also paid out hundreds of millions of dollars for it knowingly pumping out lies about donald trump and the election. that's the bad side of murdoch, but you had to give them credit for being the sort of proprietor who loved journalism, defended journalism, investigated and invested injournalism, defended it and ran a number of highly successful media companies. you cannot claim is either bla

rupert murdoch stepping down.ashington, meeting with president biden and members of congress. the plea for more aid, as some republicans are pushing back. then, a second day of negotiations between hollywood writers and studio executives. is a deal to end the strike insight, as the 11th hour gets underway on this thursday night. >> good evening. once again, i'm stephanie ruhle live from msnbc headquarters

very briefly, rupert to _ quite well. very briefly, rupert to moderate - quite well. to moderate has quite well. very briefly, - rupert to moderate has said he will still take an active interest in affairs. —— rupert murdoch. what kind of involvement do you think that looks like? he involvement do you think that looks like?— involvement do you think that looks like? he remains on the murdoch family _ looks like? he remains on the murdoch family trust - looks like? he remains on the murdoch family trust of - looks like? he remains on the | murdoch family trust of course and he still has the ultimate sway, which controls they 40% of voting shares, so although he is no longer on the boards of either company, rupert murdoch still has enormous influence over, you know, any decision that the boards might make. and i think that lachlan will continue to consult his father. they speak on most every day if not every day. as he has done all through his life. but i think that rupert has had a tumultuous year, and i think he genuinely wants to retire. this is not driven by his hea

donald trump but was running i the single digits in the polls when rupert murdoch tweete that rupert murdoch had the power than to crush donald trump rupert murdoch could have used the power of his fox propagand channel to crush donald trump, but instead donald trump quickly doubled his numbers in the paul's and then doubled hi again and was suddenly at 24 with rupert murdoch having n idea what to do about that and as donald trump continue t climb in the polls, rupert murdoch simply coward in fea of donald trump's rise and fea fox furious. in that sense, rupert murdoc was artfully powerless he owned the network, but he was owned by the audience. and so he didn't use his power and decided instead to simpl cash in on the trump candidacy and reached new highs in the ratings for fox. the book tells us that the new boss of fox, whose father will still be watching his ever move, was very disappointe when donald trump was electe president and at his childre cried. but the sun, being as cowardly as the father in the face of donald trump, never attempte to use foxes power when they could have

rupert murdoch stepping down. a look at his impact on our politics, and will there be any changes with his son taking over? and president zelenskyy's return to washington, meeting with president biden and members of congress. the plea for more aid, as some republicans are pushing back. then, a second day of negotiations between hollywood writers and studio executives. is a deal to end the strike insight, as the 11th hour gets underway on this thursday night. >> good evening. once again, i'm stephanie ruhle live from msnbc headquarters here in new york. and we begin, you know the story, with a seismic shift taking place in media and politics. rupert murdoch himself, who build the right wing's most powerful media ally, today announced he will be stepping down in november from the fox and news corporation boards. he tapped his son loughlin to replace him as the head of the companies, but this is more than just a media business story. because rupert murdoch's media influence on our political landscape has been absolut

because rupert murdoch's media influence on our political landscape has been absolutel massive. nbc's chloe melas has more >> with a media legacy spannin the 70 years, tonight, billionaire media titan rupert murdoch says he's stepping dow from fox and news corps. in an 02 employees, murdaugh says the time is right for m to take on different roles >> rupert murdoch created al of this and so much more acros america and the globe. >> keeping the title o chairman emeritus, he no passes the torch to his oldest son, lachlan, who will becom sole chairman. at 92 years old, the decisio was expected, but murdaugh noted it was not due to hi health, saying our companies are and robust health, as am i >> rupert murdoch passing th torch to his son, lachlan. do you think that things wil change in how fox news is run? >> i don't for the super bowl future, i think laughlin's going to ru this company the same way hi father did >> the mobilization -- controversial careers an modern media the australian media titan started building his empir back in the 19 80s, buying tabloids from australia to bri

i they would come into conflict with rupert murdoch.— rupert murdoch.crudely as that, _ rupert murdoch. i can put it as crudely as that, like _ rupert murdoch. i can put it as crudely as that, like many - rupert murdoch. i can put it as crudely as that, like many of l rupert murdoch. i can put it as - crudely as that, like many of famous headlines those it. the media are a self—serving elite, says frankie. another one says murdoch is selling the narrative to the highest bidder for years has never done anything of note for less than financial gain. very much part of the ruling elite. a potential paradox noted thereby that text. rupert murdoch is an excellent businessman, huge taxpayer and agent of forward—looking change. it's easy to hate him but none who criticise him have done any better. that is from ewan. and murdoch is the elite of the elite, a mega elitist to do the presidents and prime ministers must fall and a negative influence. that is from dc in bristol. i won't be tuning in today, nikki, ican�*t in bristol. i won't be tuning in today, nikki,

if rupert murdoch really is in aood dad. if rupert murdoch really is in good health. _ dad. in good health. icy — dad. if rupert murdoch really is in good health, icy claims _ dad. if rupert murdoch really is in good health, icy claims and - dad. if rupert murdoch really is in good health, icy claims and the i good health, icy claims and the company claims, do you think he will be able really disentangle himself from this empire he has been involved with for most of his life? what happened was, when his father died in 1952 he became the chief executive of public company and for 70 years eve he's either been chief executive of the chair. in november he will resign _ executive of the chair. in november he will resign from _ executive of the chair. in november he will resign from the _ executive of the chair. in november he will resign from the board - executive of the chair. in november he will resign from the board of - he will resign from the board of both companies so he won'tjust be a nonexecutive director or chairman, he is resigning from the board entirely, so this is a

lachlan murdoch is no rupert murdoch. the force of personality, or the experience or the genius of murdoch, i think, to hold that company together, so it will be interesting to see whether he can prevent it breaking up. the murdoch path to influence in the uk came with the australian's purchase of the news of the world and later the sun. he reinvented the british tabloid, taking on the print unions in a huge disruption to the media industry after he acquired the times newspapers. his empire expanded into the us and into the wider broadcasting sphere. murdoch's influence became legendary, courted by many uk prime ministers. i'm not hiding behind an editor in saying, "no, i had nothing to do with the policy of whatever," i do get involved in it, and i don't make a secret of it. despicable, that's how many... in 2011 it emerged his news of the world had illegally listened to the voicemails of the murdered schoolgirl milly dowler. the wider phone hacking scandal forced the paper to close and was a personal and costly humiliat

be another rupert murdoch. we live in a land now especially in entertainment of sort of the nba is in charge, you know, not the sort of wild brash creative executives. and so rupert, what is interesting about rupert is that he built up this studio out here where you can see the lineage from the studio everywhere. you have dana walden at disney, tom rothman at sony pictures. peter rice also recently at disney. he knows how to pick leaders. and everybody in town still talks about working with rupert with fondness. however in his recent year, fox news overwhelmed the narrative of rupert murdoch and he lost control of it. and not only did he lose control of it, you also have a business nouts out of control with fox where to alex's point, it is in such staggering secular decline, i think that they shed 11 million viewers in the last three years. and so lachlan is being handed this not great package to manage. and so regarding the succession point, i mean, this is going to be the fifth season of succession that every

well, i'm a great fan of rupert murdoch's . my fan of rupert murdoch's.o fan of rupert murdoch's. my fat into the chance to fan of rupert murdoch's. my fat into business the chance to fan of rupert murdoch's. my fat into business with chance to fan of rupert murdoch's. my fat into business with him nce to fan of rupert murdoch's. my fat into business with him when go into business with him when he up oxford to invest in he was up at oxford to invest in a student newspaper. he a student newspaper. and he didn't to his didn't do it, i think, to his business for years business regret for many years afterwards. thank afterwards. anyway, thank you very panel. after the very much, my panel. after the break, them , break, i'll be asking them, is being for your being british good for your mental health? oh, and then i'll be asking william sitwell if there's anything worse than a bourgeois pilferer. >> looks like things are heating up . boxt boilers, proud sponsors up. boxt boilers, proud sponsors of weather on . gb news. of weather on. gb news. >> hi there . thur

you are perhaps the most prolific biographer of rupert murdoch. you've known him for a very long time. he let you in. >> i spent a literal year with him. him, his executives, his family. i've met his mother. >> and rode around with her in a golf cart, which is a great story. then i will ask you, i think you you are uniquely in a position to answer this question. what does he want? it seems from the outside looking in that what he wants is to destroy democracy, wreck american democracy specifically and use fox as a vehicle for specific political desires, republican outcomes that he wants to win an election. >> okay, that's not what he wants. as a matter of fact, and part of the irony here, kind of for rupert murdoch a cruel irony, is he was never very interested in fox. rupert is a newspaper man. that's what he does, that's where his attention is. he funded the creation of fox in 1996 actually sort of as an act of revenge. he tried to buy cnn, they wouldn't sell it to him so he said i'll build my own. but he's not a television guy, not interested i

rupert murdoch is _ of fox news and news,? rupert murdoch is 92, _ of fox news and news,? _ of fox news and news,? rupert murdoch is 92, the succession l of fox news and news,? rupert - murdoch is 92, the succession plan has been talked about and his son was the most likely to take over. new leadership means change and it will remain to be seen what lachlan will remain to be seen what lachlan will want to enact or how involved his father will be. made up didn't give an indication as to what role he would have but he has said he has always been involved in daily news decisions. editorial, keeping up with the content, and he didn't say that that would change. he considers that that would change. he considers that something inherent. let's face it, fox and cable companies around the us are facing challenges here, as consumers choose to cut the cable cord as consumers look and try to re—evaluate budgets in the wake of high prices and more pressures in their wallets. this is something fox will have to contend with, how to get more money from streaming services for their content

james had to carry the can on that along with rupert at the judicial inquiry that fall out. this is that i tumbled that my life, the product go, son, returned in 2014, when laughlin on, touched by the stigma around the family business in the u. k. took on a senior position at news court. and then fox news in the us, the 2020 presidential election was not fair. no honest person would claim that it was fair. but laughlin was on the inside for a journalistic scandal. far worse than phone. hack foxes merchandise of donald trump's stolen election claims which the network and the murdoch's new to be lies but broadcast. anyway, the lawsuits that followed have cost fox, almost $800000000.00 and accounting. yet none of that has damage to walk in the way phone hacking. did james, at least not in the eyes of his fault, to walk them us in what as the last man standing on the sides drains fairly or unfairly was tommy spied the fine heck in scandal. he was running news international guy who was never responsible for the newspapers when they were doing the actual funding hacking party was

was finally, critics of rupert murdoch say the world is worse off because of and because of rupert murdoch, because fox news can be seen as a destructive force in american democracy and 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've been very critical of phone hacking a for example that you know is also a problem matic. and so i would say that his reputation is mixed, but at the same time, he has shown a really tremendous commitment to journalism. and so there's pluses and minuses, you know, for example, he's a great backer of investigative journalism at the times and the sunday times or the wall street journal. so i think you have to sort of balance off his, you know, reputation, you know, in terms of fox and fox news channel, bearing in mind that as i say, he didn't really share the views of the present. or is that fox in relation to the election? we see him to be honest, you know, in our company we, we, we see him in a favorable life because he has been so committed to a, for example, us

rupert murdoch spent seven decades growing his multi-billion dollar media empire. >> rupert murdoch created all of this, and so much more, across america, and the globe. >> reporter: the murdoch dynasty, believed to be the inspiration, in part, for the hit hbo series "succession." >> this is not the end. i'm going to build something better. >> reporter: and no stranger to controversy. fox recently settling a bombshell defamation lawsuit topping $787 million with dominion voting systems, after fox news was accused of knowingly pushing false claims about voting machines in the 2020 election. on air, then fox news host tucker carlson saying -- >> you've heard a lot over the past few days of the security of our electronic voting machines, and this is a real issue. >> reporter: but in a text message, carlson called claims about dominion "shockingly reckless." he was later dropped from the network. and laura ingraham saying this -- >> disturbing irregularities have been found. >> reporter: but off-air, she said donald trump's attorney, sidney powell, who was pressing the false claims, "is a bit n

rupert murdoch's company tangled

not rupert murdoch, no loughlin murdaugh. it's the audience. that feedback loop every day the more extreme programming the more rage, full hatefu programming, it's almost as if the audience is in charge. now because of the leadershi vacuum that you described, there's nobody at the captai ship, actually running the ship >> there is an effort, and i have the new york city comptroller on my program this past weekend, talking abou this lawsuit, that he, in hi capacity as a new york cit comptroller, is bringing against fox news, to try to, a a shareholder, the new yor city pensions, shape the coverage of fox news, becaus they're trying to hold the accountable. as i think about what we'r about to go through, and wha happened four years ago, n accountability for fox, except for what happened after th election could we see that type o action rain in fox could they be held accountable through these types of measures? if it's not the viewers, i it's not luck with murdaugh, the shareholders >> i mean, i think only thin that really gave them pause, this ma

rupert murdoch not really running the plays. it's a really quite strange place with fiefdoms and different anchors doing different things. they're a small media company by the standards of conglomerates that dominate the american media landscape. and it's an increasingly tough business and a moment they're going to need to make some fairly dramatic moves to keep the company going. this is a gesture of stability, but it's really hard to see where it leads. >> speaking of loughlin murdoch, what do we know about him? i guess we recognize him, but what do we actually know about him? is he as commit today the rupert murdoch, roger ales school of fox news? >> we can hear that in this speech. he was reting for donald trump to win the 2020 election whereas his father rupert was critical of trump. you look at his network and they were certainly although trump complains about fox all the time, they're certain lesupporting him in a lot of different ways. >> he had a rock climbing wall installed at the studio lot because he's very intereste

i think rupert accepts all this.any times. he will look at talk tv, which is total disaster, totalfinancial will look at talk tv, which is total disaster, total financial disaster. in terms of audience, nobody wants to watch it. in terms of audience, nobody wants to watch it— to watch it. your former editor isn't going _ to watch it. your former editor isn't going to _ to watch it. your former editor isn't going to like _ to watch it. your former editor isn't going to like that. - to watch it. your former editor| isn't going to like that. isn't he the main star? he isn't going to like that. isn't he the main star?— isn't going to like that. isn't he the main star? he is. he's getting aid the main star? he is. he's getting paid about — the main star? he is. he's getting paid about 70 _ the main star? he is. he's getting paid about 70 million _ the main star? he is. he's getting paid about 70 million a _ the main star? he is. he's getting paid about 70 million a year. - the main star? he is. he's getting| paid about 70

rupert is stepping away from the seat at the head of the table.nt today, rupert murdoch said "our companies are in robust health, as am i." "we have every reason to be optimistic about the coming years. "i certainly am and plan to be here to participate in them. "in my new role i can guarantee you that i will be involved every day in the contest of ideas." it's going to affect british media. i very much doubt whether the sun will be a print product within a couple of years. there will be other difficult decisions which i imagine, i imagine, you know, rupert will want to hand on to somebody else. there is absolutely no point in saying, "lachlan, you're the chairman" and you turn out to be actually, you turn out to be the chief operating officer. murdoch was born in australia, and at the age of 21, he took over the running of the news, a small adelaide newspaper his journalist father had owned before his death in 1952. the young rupert was hooked on the idea of becoming a press mogul. he bought more australian titles and then took over the news of t

rupert murdoch is 92.e said that his mother died shortly before her 104th birthday. >> what else are you going to be watching? what is the biggest impact that this is going to have, do you believe? >> well, i will be watching what it means, for one, in terms of 2024. will lachlan murdoch play the out front role that his father played in american politics and global politics? you mentioned just a minute ago that lachlan had his qualms about former president trump, but former president trump is still very popular with the fox base. if they stay true to form, under lachlan, the network will go where the ratings are. will lachlan do something different? again, not expected, but we don't know what that's going to look like. and, again, to me, that's a huge question that's about more than this company. >> major questions. jim rutenberg, thank you for covering it and joining us tonight. >> thanks so much. >>> president biden, meanwhile, sending hundreds more troops to the border, as migrants there are overwhelmin

what exactly sets rupert murdoch's media brands a part 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 us. i should be opinionated and pursue an editorial line and 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 proprietor tours have done so you know, both in the u. a and in the us that 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? oh, well i can understand very well how people might be critical of him in here in the u. k. for example, they've been very critical of phone hacking a for example that you know, there's also a problem matic. and so i would say that his reputation is mixed, but at the same time, he has shown a really tremendous commitment to journalism. and so there's process of minuses, you know, f

our boss rupert murdoch is transitioning from chair of our parent company, fox corporation. that fox corporation transition resolves in many questions posed by what i mentioned, that fictional "succession show". it will also open up new ones. >> i want a broadcast network. i don't want to see what other operations we can sweep up what you kids do not understand, it's all part of the game. it's my company. you are a nobody that was your best shot? you lost we're going to be the number one media conglomerate in the world. >> in the world. now, that was stylized that's fictional but the real murdoch -- i can say this to you based on our reporting and a lot of other data and facts we're drawing on did, the real murdoch had more influence on public life than most leaders in public life. the business, he pioneered new media models he approved the new approach to information, political coverage, and propaganda he jumped from new platforms to digital. seized on social media early with his purchase and ways to get his beloved newspapers to live on in a pixel world in politics he foun

and we can chat about it now because we're joined by a former employee of rupert murdoch.kelvin mackenzie, who is editor of the sun. hi, kelvin. yeah. and fired by rupert and he invested in my businesses. so i've had 40 up and down years with him. yeah, you can say that again. did you think there was ever going to be a day where he'd kind of resign willingly and kind of quietly and orderly? or did you think maybe it would end in a more kind of dramatic way? or maybe even he'd, like some fictional characters, die in thejob? i thought that was more likely. he did say to me on a number of occasions, "they'll have to carry me out with my boots on." and clearly, in his statement, you know, which is most unhelpful, on lachlan murdoch, he basically says, you know, i'm still going to have a day—to—day grip on the company, which actually is not good news for the shareholders, actually. because rupert, i know it's the opposite of what people think, he's actually a cautious guy, but then, when he makes up his mind, he really goes for it. and an enormously clever guy and an enormously

he doesn't often get the recognition, but rupert murdoch is a pragmatist.rom my specific lens of covering video and streaming video, i would argue the biggest impact rupert murdoch had on the media landscape globally was the decision to sell the majority of the 21st century assets to disney which concluded in q1 of 2019. that laid the foundation for disney to go out on the consumer strategy. it also allowed the residual fox corp formed out of the remaining news and sports assets at 21st century fox which allowed the murdoch empire to rely on the live strategy. that proved to be very successful as we are four years in the disney consumer and they are losing money. it is still a challenging business model which takes time to be able to play out. underlining all this is pragmatism. rupert murdoch will have that rigorous time with his children and he is pragmatic about the approach. i would argue everything on the table. the fox corp is in a strong position. >> cue the "succession" theme song here. when you look at this, you think this is a man who could make o

>> well, rupert , rupert hasn't >> well, rupert, rupert hasn't got any politics.e that idiot starmer in if we can make more money or we'll have that. you know, we'll have that truss in and make that idiot truss in and make more money. he doesn't care. don't care. it couldn't care less about trump or the less about trump one way or the other. all was the other. all he saw was the ratings up of fox news. so ratings go up of fox news. so the truth matter is the truth about the matter is that lachlan actually believes in the kind of trump world he is really quite right wing, actually. he's no fool either. so this painting, this bloke, is a complete idiot because the problem is when rupert dies, you know, the four kids all have the votes. and the suggestion is that directly rupert dies , boom, that directly rupert dies, boom, they were going to vote and throw lachlan out. so this succession idea has lots to go yet. it's fantastic. can i just say on a personal note , a say on a personal note, a brilliant, brilliant guy , very brilliant, brilliant guy, very engaging by t

let me take a look at rupert murdoch's impact on asia. the beginning is, here's our with the breaking news from russian controlled crimea. moscow says ukrainian missiles have targeted as blacks, the fleet headquarters, independence, hulu. it fed russian air defense system to shut down 5, miss silas. during the attack and semester paul, but black smoke has been seen, billowing from the base crime. he is rushing back to governor, has urged civilians to remain in doors and stay away from the city center until further notice. and recent weeks ukraine has stepped up. it's a tax on the rushes, navy journalist, you'll hear shove of all of us standing by moscow. first, so let's talk to zane bas robbie and the ukrainian capital saying, what moral are you learning at this stage about this attack as well in the last hour, ukraine's military has confirmed the details. we've been reporting for the last few hours. multiple missiles fired at the crime in peninsula multiple explosions reported from those missing strikes. now it seems to be, as you said,

yes, rupert murdoch always said he would never retire.is son lachlan said his dad would never retire. 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. rupert murdoch is not the swashbuckling feared and reviled media mogul that he once was. that he was for decades. he was strangely passive in recent years as his fox news network in the us promoted lies about voter fraud in 2020. he seems to be the passenger than the driver, more like the passenger than the captain of the ship, so the announcement today confirms and signifies that. we announcement today confirms and signifies that.— signifies that. we have 'ust had a statement from h signifies that. we have just had a statement from lachlan - signifies that. we have just had a| statement from lachlan murdoch, signifies that. we have just had a - statement from lachlan murdoch, he says on the calf of the directors, leadership teams and all the shareholders w

at the kind of thing that shows the audience is in charge and not rupert or laughlin.re spine i think we saw that earlier this year at the dominion settlement. they might step up and be more involved but so far has been report loughlin and a lack of leadership has been the story. the other wildcard as what happens that rupert dies. >> some day he will passed away and there will be a power struggle. the more liberal senate has a vision for something tethered to reality. all that is possible down the line but none of it seems imminent. >> more of a succession plot line that we've all been watching. >> there's a debate coming up this week in a couple of days. brian what are you watching for with that, given the host of the debate? fox is leading the debate for the second time. it speaks the republican party's relationship. there's a question about substance will he help drag the party back to more policy based reality based post. the and they can ask what ufos again. the questions are telling even more the answer sometimes. it shows for fox thinks the party is and maybe w

rupert murdoch announcing his retirement today.ore. >> reporter: with a media legacy spanning 70 years, tonight billionaire media titan rupert murdoch says he is stepping down from fox and news corp. in a note to employees, murdoch said the time is right for me to take on different roles. >> rupert murdoch created all of this and so much more across america and the globe. >> reporter: keeping a title of chairman emeritus, he now passes the torch to his oldest son lachlan, who will become sole chairman. at 92 years old, the decision was expected. but murdoch noted it was not due to his health, saying our companies are in robust health, as am i. rupert murdoch passing the torch to his son lachlan. do you think things will change in how fox news is run? >> i don't. for the foreseeable future, i think lachlan is going to run the company the way his father did. >> reporter: it marks the end to one of the most storied and controversial careers in modern media. the australian media titan started building his empire in the 1980s, buying ta

>> well, rupert , rupert hasn't >> well, rupert, rupert hasn't got any politics.e that idiot starmer in if we can make more money or we'll have that. you know, we'll have that truss in and make that idiot truss in and make more money. he doesn't care. don't care. it couldn't care less about trump or the less about trump one way or the other. all was the other. all he saw was the ratings up of fox news. so ratings go up of fox news. so the truth matter is the truth about the matter is that lachlan actually believes in the kind of trump world he is really quite right wing, actually. he's no fool either. so this painting, this bloke, is a complete idiot because the problem is when rupert dies, you know, the four kids all have the votes. and the suggestion is that directly rupert dies , boom, that directly rupert dies, boom, they were going to vote and throw lachlan out. so this succession idea has lots to go yet. it's fantastic. can i just say on a personal note , a say on a personal note, a brilliant, brilliant guy , very brilliant, brilliant guy, very engaging by t

also today, rupert murdoch steps aside. i've got a few thoughts about the legacy he leaves behind, in the future of fox news. later, my wide, ranging exclusive interview with hillary clinton. her thoughts on the trump indictments, republicans have ridiculous impeachment inquiry, in the state of the 2024 race for presidents. ♪ ♪ ♪ >> remember back in january when it took 15 rounds of votes over five days for kevin mccarthy to be elected speaker of the house? which, by the, way required selling his soul in the forms of secrets we don't know enough about, to the extreme -- of his party. they're literally has not been a more chaotic start to a speakership ever. yet, this week, with the house paralyzed and really towards a shutdown, mccarthy seems shocked by the unruly behavior of this caucus. >> this is a whole new concept of individuals who just want to shut the place down. that doesn't work. >> really? it's a whole new concept that certain republicans want to burn the place down? do i have news for you, speaker mccarthy. have

rupert murdoch came across in the dominion v.it as strangely pass ifr when he was deposed under oath, he sounded like he was the passenger, rather than the driver of the car. perhaps lachlan mourdock will now be able to be more response ifr, more in control, maybe hell be able to better manage the conspiracy theories and stop them from spreading across his network. that's a very big if i think this speaks to rupert murdoch's loss of power over the years. there was a time when he was feared, revered by some, reviled by others but feared i talked to a long-time rupert lieutenant who said to me there was a time when rupert would say jump and everyone would say how high those days are over. people say that's not how it is. rupert gradually lost control or lost power at his own companies and today's announcement kind of confirms that. >> brian stelter the perfect voice to have on this issue, thank you so much for joining us this morning >>> when we're back in just 60 seconds, ten days until a potential government shutdown. can speaker

and rupert wants to hand over to somebody like him.who is prepared to continue on what rupert has done. but there's only one rupert murdoch, so at one level, it's quite unfair to think one of his kids can sit there and become chairman of two enormous global media empires and running from sydney, where he has moved back to a couple of years ago. so i think it's a bit of a poison chalice for lachlan, but he wants to be able to prove he can make decisions and run the company without his father sitting there, so he will have a chance to see how it goes without dad. if rupert murdoch really is in good health, as he claims and the company claims, do you think he will be able really disentangle himself from this empire he has been involved with for most of his life? well, what happened was, when his father died in 1952, he became the chief the european union's forfraud agency has accused marine le pen members of a nationalist party of misusing public funds while serving in the european parliament. again, the paris public prosecutor has said o

so it's a world that rupert murdoch can no longer control all. what about nothing now taking over, is that going to represent the change? do you think? well, he's the wild card. he's the mystery because he has kept a very low profile in recent years while taking control of these companies. he has been effectively running both newest corporation and fox for several years. and today's announcement solidifies that what we don't know is what will happen in the event of rupert murdoch's death. the is $92.00 after all. and he has a trust that he controls. so through his voting power, he basically still controls both companies in the event of his death, all 4 adult children get one vote each. this is what h b o. succession is based on the idea that when the patriarch dies, the kids will fight for control and that is still very much a live issue. so for the time being laughlin is in charge, he lives in australia and he runs the companies from there. he said to be a pretty laid back ceo, i wouldn't describe them as a grand visionary and growing a new area

lachlan murdoch is no rupert murdoch.ience of the genius of murdoch, i think, to hold that company together, so it will be interesting to see whether he can prevent it breaking up. the murdoch ath to prevent it breaking up. the murdoch path to influencing _ prevent it breaking up. the murdoch path to influencing the _ prevent it breaking up. the murdoch path to influencing the uk _ prevent it breaking up. the murdoch path to influencing the uk came - prevent it breaking up. the murdoch| path to influencing the uk came with the australian's purchase of the news of the world and later the sun. he reinvented the british tabloid, taking on the print unions in a huge disruption to the media industry after he acquired the times newspapers. his empire expanded into the us and into the wider broadcasting sphere. murdoch's influence became legendary, courted by many uk prime ministers. i’m influence became legendary, courted by many uk prime ministers.- by many uk prime ministers. i'm not hidin: by many uk prime ministers. i'm not

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

rupert murdoch's company tangled up. the whole story something out of succession. >> this is not the end. i'm going to build something better. something faster. lighter. leaner wilder, and i'm going to do it from in here, with you. you're (bleep) pirates! >> looks like someone who knows fox news from the inside. a man who spent more than 20 years there, journalist jeraldo rivera. i was interested in talking to you, because murdoch is stepping down. there are comparisons long been drawn between him and the character you just saw, logan roy. but i want to contextualize from somebody who knows this most. what is the significance of his departure from fox news? >> well, he's the founding father, not just fox news but a media ex pyre that's made him one of the richest people on earth. he's a genius i think, his greatest discovery is that half the people in the english speaking world feel they are not heard on things like abortion, immigration, gun reform and climate change. he discovered that. he created this empire to serve

i overall, the rupert would say that his legacy is in mergers and acquisitions. he was always chasing the next deal, and that made sense when the media industry was consolidated and media was scarce. but we now live in an age of abundance. when anybody can create content at any time . rupert murdoch's son, laughlin, c o, a fox news will take over the rule of news courts. chairman, no word on why rupert murdoch made this announcement now as it doesn't take effect until november. ironically this week, a new book releases a biography about him, entitled the end of fox news speculating what will happen to the network once he's gone. but don't count them out just yet. murdock will retain the title of chairman ameritas going forward. present salumi out is there a new york inside story is going to be looking at what's next from the going to kind of kind of box a day off to be seems fine. that's it for me. you know, box the holloway hanging onto a loss cost of the summary, whether across the east and positive here for the west. lot so cloud and the rain tumbling for very