1 00:00:10,552 --> 00:00:13,221 I met with James a few times 2 00:00:13,304 --> 00:00:16,307 throughout the fall in 2024 3 00:00:16,391 --> 00:00:18,601 when the trial was going on. 4 00:00:19,144 --> 00:00:23,314 Everybody was speculating about what would happen, who would win. 5 00:00:25,025 --> 00:00:28,903 And there's this interesting moment that happened. 6 00:00:33,867 --> 00:00:36,578 James, Liz, and Prudence 7 00:00:36,661 --> 00:00:40,832 met at James's country house in Connecticut. 8 00:00:41,583 --> 00:00:46,546 I think all of them were sort of grappling with the fact that this whole process 9 00:00:46,629 --> 00:00:50,800 might have driven a permanent wedge into the family, 10 00:00:50,884 --> 00:00:53,970 and they might not come back from this. 11 00:00:55,221 --> 00:00:59,434 And they wondered if there might be an opportunity 12 00:00:59,517 --> 00:01:03,021 to patch things up with their father and brother. 13 00:01:04,105 --> 00:01:08,443 And so James and his sisters wrote this letter to Rupert 14 00:01:08,526 --> 00:01:10,904 that basically proposed a détente. 15 00:01:13,239 --> 00:01:15,450 "We can pause the litigation, 16 00:01:15,533 --> 00:01:17,494 get the lawyers out of the room, 17 00:01:17,577 --> 00:01:19,913 get the probate commissioner out of the room, 18 00:01:19,996 --> 00:01:22,290 and just talk about this like a family." 19 00:01:24,459 --> 00:01:28,463 "We feel like maybe you don't realize how much pain this has caused us, 20 00:01:28,963 --> 00:01:30,507 but we could work something out 21 00:01:30,590 --> 00:01:32,842 if we just try to approach it in good faith." 22 00:01:34,344 --> 00:01:38,014 A couple of days go by, and they get a letter back from Rupert 23 00:01:38,890 --> 00:01:43,144 that says, "I've reread all of your testimony from the trial." 24 00:01:44,395 --> 00:01:46,189 "I'm more convinced than ever 25 00:01:47,899 --> 00:01:48,983 that I was right." 26 00:01:50,693 --> 00:01:53,154 "If you wanna talk to me, talk to my lawyers." 27 00:01:53,655 --> 00:01:54,864 And that's it. 28 00:02:15,385 --> 00:02:17,554 For months, the Murdoch family have been 29 00:02:17,637 --> 00:02:18,763 in Reno, Nevada 30 00:02:19,264 --> 00:02:23,601 in this pitched fight to win control of the empire. 31 00:02:24,352 --> 00:02:29,732 As Rupert sees it, Lachlan is the only one that will carry on what Rupert built. 32 00:02:30,233 --> 00:02:34,779 If Liz, James, and Prue win this case, 33 00:02:35,280 --> 00:02:38,867 his entire life's work will be over. 34 00:02:40,660 --> 00:02:42,954 Bill Barr, any comment on the way in? 35 00:02:43,746 --> 00:02:45,456 How are you involved in today's case? 36 00:02:47,667 --> 00:02:51,212 He's hired the former attorney general of the United States 37 00:02:51,296 --> 00:02:52,297 Bill Barr, 38 00:02:52,380 --> 00:02:55,758 this gigantic figure in conservative politics, 39 00:02:55,842 --> 00:02:57,969 in Trump-world politics. 40 00:02:58,052 --> 00:03:01,097 He and Rupert have become quite close in recent years. 41 00:03:01,598 --> 00:03:04,809 In fact, at Rupert's 90th birthday party, 42 00:03:04,893 --> 00:03:06,352 Bill Barr played bagpipes. 43 00:03:08,104 --> 00:03:11,524 Rupert has brought him in as his new managing director on the trust. 44 00:03:12,150 --> 00:03:16,362 That made something that would have seemed totally implausible, 45 00:03:16,446 --> 00:03:19,866 the idea that Rupert should be able to change an inviolable trust, 46 00:03:19,949 --> 00:03:21,492 that made it at least plausible. 47 00:03:23,328 --> 00:03:25,538 Barr is basically the hired gun 48 00:03:25,622 --> 00:03:30,793 to make the case that this is about the financial value of these companies 49 00:03:30,877 --> 00:03:33,838 and protecting all the beneficiaries. 50 00:03:36,007 --> 00:03:39,761 Barr wants to prove that it's bad for companies 51 00:03:39,844 --> 00:03:41,638 when succession is unresolved. 52 00:03:42,597 --> 00:03:44,724 So he orders an analysis, a report, 53 00:03:44,807 --> 00:03:48,937 of what's happened to other companies that have been tied up in succession fights. 54 00:03:51,356 --> 00:03:55,401 It turns out that in some of the companies that were studied for this report, 55 00:03:55,902 --> 00:03:59,322 succession struggles actually were good for shareholders, 56 00:03:59,405 --> 00:04:01,199 and shareholders made a lot of money. 57 00:04:01,950 --> 00:04:04,953 So Barr sees this. It's not what he wants to hear. 58 00:04:05,036 --> 00:04:07,914 It doesn't help their argument. He puts it in a drawer. 59 00:04:08,915 --> 00:04:11,000 In his testimony, it comes out 60 00:04:11,084 --> 00:04:14,295 that he had not shared this report with the other managing directors. 61 00:04:15,046 --> 00:04:17,715 He never spoke to James's managing director about it. 62 00:04:17,799 --> 00:04:20,134 He never spoke to Liz's managing director about it. 63 00:04:20,635 --> 00:04:21,970 Barr hid that, 64 00:04:22,553 --> 00:04:26,307 and the commissioner found that as a sign of bad faith. 65 00:04:26,808 --> 00:04:28,810 He should've shared that what they were doing 66 00:04:28,893 --> 00:04:31,479 is not for the benefit of all the beneficiaries. 67 00:04:32,397 --> 00:04:33,606 And at the end of the day, 68 00:04:33,690 --> 00:04:37,652 if this is about treating all the siblings equally and fairly, 69 00:04:37,735 --> 00:04:40,488 why were the other children in the dark about all of this? 70 00:04:43,449 --> 00:04:48,246 Reading faces coming out of the building, it's pretty somber. 71 00:04:48,746 --> 00:04:52,000 Those decisions to lock in Lachlan's leadership 72 00:04:52,083 --> 00:04:54,419 and to preserve Rupert's legacy… 73 00:04:57,088 --> 00:05:01,634 …those were clearly going to cause some problems for him. 74 00:05:06,306 --> 00:05:08,474 Hacking the phones of murder victims. 75 00:05:08,558 --> 00:05:10,351 Heinous and despicable. 76 00:05:10,435 --> 00:05:12,312 Relatives of dead servicemen. 77 00:05:12,395 --> 00:05:14,647 Inappropriate payments to police. 78 00:05:14,731 --> 00:05:15,815 Horrifying. 79 00:05:15,898 --> 00:05:18,318 What does this say about the future of journalism? 80 00:05:18,818 --> 00:05:23,865 The phone-hacking spectacle was so damaging for the Murdoch brand. 81 00:05:23,948 --> 00:05:26,826 I was appalled to find out what had happened. 82 00:05:26,909 --> 00:05:30,371 Pressure is building on his son James to step down. 83 00:05:31,622 --> 00:05:35,293 James is the bagman in the phone-hacking scandal. 84 00:05:35,793 --> 00:05:38,296 James, fairly or unfairly, had been tarnished. 85 00:05:40,465 --> 00:05:44,719 Meanwhile, Lachlan has left the family company 86 00:05:44,802 --> 00:05:46,804 and is in Australia, 87 00:05:46,888 --> 00:05:50,016 licking his wounds, surfing, rock climbing. 88 00:05:52,226 --> 00:05:55,146 He is running non-Murdoch media companies. 89 00:05:55,646 --> 00:05:59,275 Lachlan Murdoch appointed the acting CEO of Network Ten. 90 00:05:59,359 --> 00:06:01,402 He's also made a lot of really bad decisions. 91 00:06:01,486 --> 00:06:05,573 Network Ten needs yet another multimillion-dollar cash injection. 92 00:06:05,656 --> 00:06:08,743 The Ten network posted a $13 million loss. 93 00:06:10,411 --> 00:06:13,498 But he never felt he was out of the race to take over from Rupert. 94 00:06:13,581 --> 00:06:16,459 The wolves are circling around James Murdoch, 95 00:06:16,542 --> 00:06:20,046 whose handling of the crisis has been heavily criticized. 96 00:06:20,129 --> 00:06:22,632 After the phone-hacking scandal broke, 97 00:06:23,341 --> 00:06:25,301 James left Europe in disgrace 98 00:06:25,385 --> 00:06:28,554 and started a new job in the New York headquarters, 99 00:06:29,055 --> 00:06:33,434 where he spends a couple of years working under his dad. 100 00:06:33,935 --> 00:06:37,021 So James feels like he's still the only game in town 101 00:06:37,105 --> 00:06:38,856 when it comes to succession. 102 00:06:47,782 --> 00:06:49,659 Then, in 2015, 103 00:06:50,159 --> 00:06:52,078 Lachlan flies in from Australia. 104 00:06:54,497 --> 00:06:56,165 Almost immediately, 105 00:06:56,749 --> 00:07:01,170 James is asked to meet with Lachlan 106 00:07:01,254 --> 00:07:03,673 at a restaurant in Manhattan. 107 00:07:05,049 --> 00:07:11,597 He sits down, and he is told that Lachlan is gonna run the company 108 00:07:11,681 --> 00:07:14,892 and that James is now going to report to him. 109 00:07:16,727 --> 00:07:19,147 James is just stunned. 110 00:07:21,732 --> 00:07:23,484 He storms off 111 00:07:24,444 --> 00:07:27,155 and sends word, that's it, he's out. 112 00:07:29,365 --> 00:07:31,534 As word gets out within the company 113 00:07:31,617 --> 00:07:34,454 that James might have resigned and Lachlan is coming back, 114 00:07:34,537 --> 00:07:40,042 several of the executives make known their concern about the situation. 115 00:07:40,126 --> 00:07:41,669 If they lose James, 116 00:07:41,752 --> 00:07:45,256 they're losing the only Murdoch son who knows how the company works. 117 00:07:45,339 --> 00:07:49,427 He's been working in the trenches for the last decade 118 00:07:49,510 --> 00:07:52,513 while Lachlan has been in Australia kind of doing his own thing. 119 00:07:54,223 --> 00:07:56,517 So Rupert comes up with a plan 120 00:07:56,601 --> 00:07:58,769 to try to woo James back. 121 00:07:59,854 --> 00:08:04,901 Rupert decides that he's going to put both of his sons in charge of the company. 122 00:08:05,818 --> 00:08:08,070 James was named CEO, 123 00:08:08,571 --> 00:08:11,866 and Lachlan was named executive chairman of the company, 124 00:08:11,949 --> 00:08:13,910 a title that Rupert also maintained. 125 00:08:15,661 --> 00:08:18,623 James has devoted his whole life to this company. 126 00:08:18,706 --> 00:08:20,333 You don't just walk away from that. 127 00:08:21,209 --> 00:08:25,546 But I think there's a way deeper emotional tie here. 128 00:08:25,630 --> 00:08:28,299 Walking away from the company, he knows, 129 00:08:28,382 --> 00:08:30,801 will mean walking away from his family. 130 00:08:31,511 --> 00:08:33,179 So James agrees. 131 00:08:33,679 --> 00:08:37,350 Now you have the two sons anointed together. 132 00:08:38,184 --> 00:08:39,936 They were given this perch, 133 00:08:40,019 --> 00:08:43,814 and it was essentially Rupert saying, "Okay, what are you gonna do?" 134 00:08:51,572 --> 00:08:55,576 James and Lachlan were the ultimate nepo babies. 135 00:08:57,161 --> 00:08:58,871 These guys were young. 136 00:08:58,955 --> 00:09:02,166 They were 40 years old, and they were being put into these jobs 137 00:09:02,250 --> 00:09:06,254 running one of the five traditional Hollywood studios. 138 00:09:09,882 --> 00:09:13,427 At the time, I was an editor at the Hollywood Reporter. 139 00:09:14,845 --> 00:09:16,055 In my interview with them, 140 00:09:16,138 --> 00:09:20,351 they wanted everyone to know that they have taste, they have vision, 141 00:09:20,434 --> 00:09:23,062 and that they were in charge of the Hollywood studio now. 142 00:09:24,522 --> 00:09:27,733 They had been coached by their communications person. 143 00:09:27,817 --> 00:09:31,904 So they were putting on their best CEO face. 144 00:09:32,613 --> 00:09:37,827 But it was very clear that there was something below the surface 145 00:09:37,910 --> 00:09:40,329 that they were not telling me. 146 00:09:41,455 --> 00:09:45,001 There was an endless tug-of-war between the two of them. 147 00:09:45,585 --> 00:09:48,713 James sensed that Lachlan thought 148 00:09:48,796 --> 00:09:51,340 that he could run a big, complicated media company 149 00:09:51,424 --> 00:09:53,759 just by being around his dad. 150 00:09:53,843 --> 00:09:55,845 And James really resented that. 151 00:09:56,804 --> 00:10:01,434 James would look for opportunities to one-up his older brother. 152 00:10:02,018 --> 00:10:04,645 Lachlan was dyslexic 153 00:10:04,729 --> 00:10:07,940 and struggled with some speech issues. 154 00:10:08,441 --> 00:10:11,360 James would challenge him in these board meetings 155 00:10:11,444 --> 00:10:13,571 and pick apart his logic 156 00:10:13,654 --> 00:10:17,450 and witheringly argue against his various ideas. 157 00:10:18,034 --> 00:10:21,245 Lachlan would sort of become flustered and not know what to say. 158 00:10:21,329 --> 00:10:25,041 And when Rupert was in the room, he never stepped in to stop it. 159 00:10:25,666 --> 00:10:29,837 He wants to know whether they have got the fight in them, 160 00:10:29,920 --> 00:10:32,131 to see who can stand up to the pressure. 161 00:10:33,215 --> 00:10:38,054 The media business is a brutal, competitive industry, 162 00:10:38,137 --> 00:10:40,931 and Rupert was playing to win. 163 00:10:46,312 --> 00:10:48,981 Rupert is by now in his eighties. 164 00:10:49,815 --> 00:10:52,276 He remains this dynamic figure 165 00:10:52,985 --> 00:10:56,155 trotting the world, meeting prime ministers and presidents. 166 00:10:56,238 --> 00:10:59,200 Ladies and gentlemen, I give you Rupert Murdoch. 167 00:11:02,411 --> 00:11:03,746 Oh, thank you, Jeb. 168 00:11:03,829 --> 00:11:06,957 Rupert Murdoch delivered the keynote address this morning 169 00:11:07,041 --> 00:11:08,751 at an education conference. 170 00:11:08,834 --> 00:11:14,256 We need to tear down an education system designed for the 19th century. 171 00:11:14,340 --> 00:11:17,093 Murdoch uses this big media empire 172 00:11:17,176 --> 00:11:19,887 to push the world in the way that he wants it to go. 173 00:11:19,970 --> 00:11:23,891 Resist corporate domination of public education. 174 00:11:23,974 --> 00:11:26,268 Members of Occupy Wall Street 175 00:11:26,352 --> 00:11:28,187 repeatedly interrupt Murdoch's speech. 176 00:11:28,771 --> 00:11:31,899 It's okay. A little controversy makes everything more interesting. 177 00:11:31,982 --> 00:11:33,984 Uh… 178 00:11:35,569 --> 00:11:41,409 By 2015, Rupert's been able to push a populist, nativist agenda. 179 00:11:41,492 --> 00:11:44,203 Microaggressions and "the patriarchy." 180 00:11:44,286 --> 00:11:45,913 Abortion without limits. 181 00:11:45,996 --> 00:11:48,082 Endless chain of migrant caravans. 182 00:11:48,708 --> 00:11:50,626 By the end of Obama, 183 00:11:50,710 --> 00:11:53,963 Fox News had a huge influence over the dialogue 184 00:11:54,046 --> 00:11:56,382 and the commentary and the issues of our time. 185 00:11:56,465 --> 00:11:59,885 Rupert was a real kingmaker among politicians. 186 00:12:01,721 --> 00:12:05,808 For decades, every candidate goes to kiss the ring. 187 00:12:08,811 --> 00:12:12,148 And then Rupert gets a call. 188 00:12:13,649 --> 00:12:15,234 It's Ivanka Trump. 189 00:12:15,735 --> 00:12:20,865 She wants to arrange a meeting with her husband, Jared Kushner, 190 00:12:20,948 --> 00:12:24,535 her father, Donald Trump, and Rupert. 191 00:12:25,035 --> 00:12:27,037 Rupert, he had known Trump for years. 192 00:12:27,121 --> 00:12:29,832 I mean, they went back to 1980s New York. 193 00:12:30,875 --> 00:12:33,252 They did both share this vision 194 00:12:33,335 --> 00:12:37,840 of knocking down the Establishment in order to make their own way, 195 00:12:37,923 --> 00:12:41,719 but they were at different levels of wealth, at different levels of respect. 196 00:12:42,678 --> 00:12:45,181 Donald Trump was like a feature of the tabloids, 197 00:12:45,264 --> 00:12:47,892 and Rupert Murdoch owned the tabloids. 198 00:12:49,560 --> 00:12:52,229 Rupert didn't take Donald Trump seriously. 199 00:12:57,693 --> 00:12:59,236 But he agreed to have lunch with him. 200 00:13:00,404 --> 00:13:01,697 They sit down. 201 00:13:02,323 --> 00:13:04,533 The first course has just been served, 202 00:13:06,452 --> 00:13:10,164 and Trump says he's gonna run for president. 203 00:13:11,999 --> 00:13:15,377 You know, Rupert, who one has to assume is pretty stunned, 204 00:13:15,878 --> 00:13:18,714 does not look up from his soup and says, 205 00:13:18,798 --> 00:13:21,634 "You're gonna have to be ready to get wrapped up pretty badly." 206 00:13:21,717 --> 00:13:25,971 And "wrapped up" is an Australianism for, you know, getting beat up. 207 00:13:26,055 --> 00:13:30,392 So he's basically warning Trump that, "You're gonna take a beating." 208 00:13:32,436 --> 00:13:35,940 Welcome to the first debate of the 2016 presidential campaign. 209 00:13:36,023 --> 00:13:37,441 I'm Megyn Kelly. 210 00:13:38,776 --> 00:13:42,112 The very first Republican primary debate 211 00:13:42,196 --> 00:13:44,114 was hosted by Fox News. 212 00:13:46,367 --> 00:13:48,327 It was one of the first cattle calls 213 00:13:48,410 --> 00:13:51,497 of all the Republican presidential candidates 214 00:13:51,580 --> 00:13:53,666 on stage in front of this big audience. 215 00:13:53,749 --> 00:13:57,711 Center of the stage tonight, businessman Donald Trump. 216 00:13:58,963 --> 00:14:00,464 Thank you. 217 00:14:00,548 --> 00:14:03,843 Murdoch didn't like Trump. He didn't like him as a candidate. 218 00:14:04,343 --> 00:14:06,595 He called him a fucking idiot. 219 00:14:06,679 --> 00:14:08,264 I think Rupert wanted Trump gone. 220 00:14:09,473 --> 00:14:11,892 Mr. Trump, you've called women you don't like 221 00:14:11,976 --> 00:14:17,064 fat pigs, dogs, slobs, and disgusting animals. 222 00:14:17,147 --> 00:14:21,861 Your Twitter account has several disparaging comments about women's looks. 223 00:14:22,653 --> 00:14:25,656 The tenor of her question was aggressive. 224 00:14:25,739 --> 00:14:28,868 It could flatten him, and it could take him out. 225 00:14:28,951 --> 00:14:31,662 -Your Twitter account-- -Only Rosie O'Donnell. 226 00:14:31,745 --> 00:14:34,206 No, it wasn't. 227 00:14:36,959 --> 00:14:41,297 In that moment, Trump successfully brushes it off. 228 00:14:41,797 --> 00:14:45,843 It was Trump who had the better understanding of the public. 229 00:14:45,926 --> 00:14:50,848 That you could say things which were unacceptable and walk it off. 230 00:14:50,931 --> 00:14:55,603 We have to make our country great again, and I will do that. Thank you. 231 00:14:57,730 --> 00:15:02,943 Donald Trump became his own megawatt star on that debate stage. 232 00:15:03,444 --> 00:15:05,696 Trump is a ratings bonanza. 233 00:15:06,906 --> 00:15:10,284 But he sensed that Fox News tried to get rid of him. 234 00:15:10,993 --> 00:15:13,871 You could see there was blood coming out of her eyes. 235 00:15:13,954 --> 00:15:16,457 Blood coming out of her wherever. 236 00:15:16,540 --> 00:15:19,627 Trump started openly criticizing Fox. 237 00:15:19,710 --> 00:15:22,046 That had never happened to Rupert before. 238 00:15:22,671 --> 00:15:24,924 When Rupert decided to tweet, 239 00:15:25,007 --> 00:15:29,011 he very pointedly told Donald Trump to get out of the race. 240 00:15:29,887 --> 00:15:33,307 It was civil war in the Republican Party. 241 00:15:34,099 --> 00:15:37,978 Murdoch went full-court press, favoring people who weren't Trump. 242 00:15:38,646 --> 00:15:40,397 Rupert is a conservative. 243 00:15:40,481 --> 00:15:43,651 He wants conservative politicians to be in power. 244 00:15:44,401 --> 00:15:48,197 But he found Trump worrying and dangerous. 245 00:15:48,864 --> 00:15:50,866 I don't think he likes this Republican Party. 246 00:15:50,950 --> 00:15:54,453 He liked the other one before with the Mitch McConnells and that gang. 247 00:15:55,454 --> 00:15:59,458 In the past, Republican candidates had no real power 248 00:15:59,541 --> 00:16:03,545 unless they were operating in line with Rupert's wishes. 249 00:16:03,629 --> 00:16:05,005 And Trump would not. 250 00:16:05,756 --> 00:16:09,051 Fox is playing a game. What's wrong over there? 251 00:16:09,134 --> 00:16:10,094 Something's wrong. 252 00:16:10,177 --> 00:16:14,181 I'm gonna be making a decision with Fox, but probably I won't be doing the debate. 253 00:16:16,100 --> 00:16:19,436 The next debate is also hosted by Fox News. 254 00:16:19,520 --> 00:16:20,854 Before we get to the issues, 255 00:16:20,938 --> 00:16:23,857 let's address the elephant not in the room tonight. 256 00:16:25,234 --> 00:16:27,820 Donald Trump does not participate in this next debate. 257 00:16:30,572 --> 00:16:32,741 But he sets up his own rival event. 258 00:16:32,825 --> 00:16:35,703 We're told we have more cameras than they do by quite a bit, 259 00:16:35,786 --> 00:16:37,204 so that's sort of interesting. 260 00:16:38,080 --> 00:16:42,167 The Kelly File starts in a moment. Guess who's gonna be there? Senator Ted Cruz. 261 00:16:42,668 --> 00:16:46,630 The ratings tank. Trump took the viewers with him. 262 00:16:46,714 --> 00:16:50,217 Trump! Trump! Trump! 263 00:16:50,300 --> 00:16:54,722 Fox's audience turned against Fox and towards Donald Trump. 264 00:16:55,472 --> 00:16:59,810 Normally, Murdoch was able to say and tell politicians what to do, 265 00:16:59,893 --> 00:17:02,187 when to stand up, when to sit down. 266 00:17:02,271 --> 00:17:07,276 But he had never been so clearly smacked down as in that moment. 267 00:17:13,782 --> 00:17:18,162 Trump is gonna win, and the world is gonna be a happy place. Have a good time. 268 00:17:18,245 --> 00:17:20,456 Mr. Trump, can you clarify… 269 00:17:21,665 --> 00:17:25,419 Rupert Murdoch always goes in the winning direction, 270 00:17:26,170 --> 00:17:28,881 and he sees which way the wind is blowing. 271 00:17:30,090 --> 00:17:34,720 Donald Trump had become the dominant force in conservative politics. 272 00:17:35,596 --> 00:17:39,433 Rupert will do what it takes for his business interests, 273 00:17:39,516 --> 00:17:42,436 including holding his nose and backing Donald Trump. 274 00:17:43,854 --> 00:17:45,814 It was amazing to see Rupert, 275 00:17:45,898 --> 00:17:49,443 you know, in the back of a golf cart, with Trump behind the wheel. 276 00:17:50,235 --> 00:17:54,156 That is the moment where Rupert has come around to Trump. 277 00:17:54,239 --> 00:17:58,410 Trump realizes that he needs Fox News. They need each other. 278 00:17:59,244 --> 00:18:02,581 This moment will change the fate of American media 279 00:18:02,664 --> 00:18:04,416 and American politics 280 00:18:04,500 --> 00:18:06,251 for the decades that followed. 281 00:18:16,762 --> 00:18:20,265 Around this time, Rupert marries Jerry Hall. 282 00:18:21,308 --> 00:18:24,853 Rupert Murdoch says he is the happiest man in the world 283 00:18:24,937 --> 00:18:27,773 after he married former supermodel Jerry Hall. 284 00:18:27,856 --> 00:18:30,317 Jerry was previously in a relationship 285 00:18:30,400 --> 00:18:33,112 with Rolling Stones singer Mick Jagger. 286 00:18:34,238 --> 00:18:38,951 James and Lachlan, Prue, and Liz all go to the wedding. 287 00:18:39,451 --> 00:18:41,203 They like Jerry Hall. 288 00:18:41,286 --> 00:18:43,330 -Morning. -This way, please. 289 00:18:43,831 --> 00:18:45,958 It's maybe the last thing 290 00:18:46,041 --> 00:18:49,086 they really come together to do as a family. 291 00:18:49,169 --> 00:18:51,421 -How was the ceremony? -Beautiful. 292 00:18:53,048 --> 00:18:59,388 For the first time in decades, Rupert tries to have a life with his wife. 293 00:19:01,557 --> 00:19:02,766 He's in love. 294 00:19:03,892 --> 00:19:07,813 So he lets his sons run this media empire without him. 295 00:19:08,730 --> 00:19:10,691 It was an opportunity for both of them 296 00:19:10,774 --> 00:19:14,403 to assert themselves as the heads of the company, 297 00:19:14,486 --> 00:19:16,738 the new Murdochs everyone has to contend with. 298 00:19:19,199 --> 00:19:23,453 And it coincides with the Sun Valley Conference, 299 00:19:23,537 --> 00:19:25,664 which happens every July. 300 00:19:26,331 --> 00:19:29,084 It is a busy time in Sun Valley. 301 00:19:29,168 --> 00:19:32,421 Top media, tech, and business moguls converged in scenic Idaho 302 00:19:32,504 --> 00:19:33,881 for a meeting of the minds. 303 00:19:34,381 --> 00:19:36,383 The masters of the universe get together 304 00:19:36,466 --> 00:19:40,637 and figure out what the world is going to see, hear, and read. 305 00:19:41,138 --> 00:19:43,557 And this year, for the first time, 306 00:19:43,640 --> 00:19:46,518 James and Lachlan go on their own. 307 00:19:46,602 --> 00:19:47,728 Hey, Lachlan. 308 00:19:47,811 --> 00:19:49,104 -Hey. -Good morning. 309 00:19:49,188 --> 00:19:50,981 -Morning, James. -Morning. 310 00:19:51,064 --> 00:19:54,568 It's supposed to be James and Lachlan's coming-out party 311 00:19:54,651 --> 00:19:58,572 as the new faces of the Murdoch media empire. 312 00:19:59,072 --> 00:20:02,451 But pretty quickly, things go off the rails. 313 00:20:02,534 --> 00:20:04,745 A media and political bombshell. 314 00:20:04,828 --> 00:20:06,914 Swelling controversy at Fox News. 315 00:20:06,997 --> 00:20:10,000 Former anchor Gretchen Carlson alleges she was fired 316 00:20:10,083 --> 00:20:12,461 after turning down sexual advances 317 00:20:12,544 --> 00:20:15,756 from Fox News chairman and CEO Roger Ailes. 318 00:20:16,256 --> 00:20:20,344 We were in a car, and he took my head and my neck, 319 00:20:20,427 --> 00:20:23,430 and he shoved my face into his crotch. 320 00:20:24,431 --> 00:20:27,976 At this moment, Rupert Murdoch is on a plane. 321 00:20:28,060 --> 00:20:31,563 -He's unreachable by phone. -They have a crisis. 322 00:20:31,647 --> 00:20:36,902 But maybe the one thing James and Lachlan agree on is that Roger Ailes is bad news. 323 00:20:38,528 --> 00:20:41,323 They both had been wronged by Roger Ailes. 324 00:20:41,406 --> 00:20:43,075 He had mocked James. 325 00:20:43,158 --> 00:20:44,868 He had undercut Lachlan. 326 00:20:44,952 --> 00:20:48,288 And they saw an opening 327 00:20:48,372 --> 00:20:52,334 when the Me Too movement started to gather steam 328 00:20:52,417 --> 00:20:55,212 to essentially take Roger Ailes out. 329 00:20:55,921 --> 00:20:57,464 Very quickly, 330 00:20:57,547 --> 00:21:01,760 they announce an investigation of the claims in the lawsuit. 331 00:21:01,843 --> 00:21:03,428 It's clear what the right thing to do is. 332 00:21:03,512 --> 00:21:06,306 You have to actually get to the bottom of it, do it super fast. 333 00:21:06,390 --> 00:21:09,226 And put out a release about it before Rupert could contradict them. 334 00:21:09,309 --> 00:21:14,856 We hired an independent law firm to go in and investigate all the allegations. 335 00:21:14,940 --> 00:21:17,901 And then other women started to come out of the woodwork. 336 00:21:18,652 --> 00:21:20,946 Megyn Kelly reportedly told investigators 337 00:21:21,029 --> 00:21:23,865 that he had made similar sexual advances towards her. 338 00:21:23,949 --> 00:21:26,994 Ailes repeatedly called Roginsky into his office. 339 00:21:27,077 --> 00:21:31,248 Laurie Luhn says she was sexually harassed and intimidated by Ailes. 340 00:21:33,625 --> 00:21:36,253 Roger would talk about women's bodies. 341 00:21:36,336 --> 00:21:39,131 He would ask if I was naughty. 342 00:21:39,214 --> 00:21:42,050 I mean, there were all sorts of just kind of gross, 343 00:21:42,134 --> 00:21:44,469 really inappropriate things that he would say. 344 00:21:45,053 --> 00:21:48,348 I had gone to him to ask for more opportunity. 345 00:21:48,432 --> 00:21:49,933 I had wanted to anchor. 346 00:21:50,934 --> 00:21:55,772 And he said, "Well, you're not ready yet, so I would have to work with you." 347 00:21:55,856 --> 00:21:58,275 He said, "It might have to happen on the weekends." 348 00:21:58,358 --> 00:22:00,694 "It might have to happen at a hotel." 349 00:22:01,236 --> 00:22:02,612 In that moment, 350 00:22:03,572 --> 00:22:07,617 I had sort of an out-of-body experience of, "Oh, is my career over?" 351 00:22:08,118 --> 00:22:10,662 And then by the time I moved to New York, 352 00:22:10,746 --> 00:22:13,457 I was married and pregnant with twins, 353 00:22:13,540 --> 00:22:15,834 and he didn't say things like that anymore. 354 00:22:17,544 --> 00:22:21,131 Rupert loved Ailes because Ailes was a programming genius. 355 00:22:22,049 --> 00:22:25,427 So he turned a blind eye to some of the things that Ailes was doing. 356 00:22:26,678 --> 00:22:29,139 Can you comment about the situation with Ailes? 357 00:22:29,681 --> 00:22:30,682 No comment. 358 00:22:31,350 --> 00:22:33,810 I had figured Ailes would survive this. 359 00:22:33,894 --> 00:22:36,104 Fox News is making so much money, 360 00:22:36,188 --> 00:22:38,732 all they're gonna do is they're gonna pay off the women. 361 00:22:39,816 --> 00:22:42,361 As more and more people stepped forward, 362 00:22:42,861 --> 00:22:46,031 I got the sense that Murdoch didn't like this kind of attention, 363 00:22:46,114 --> 00:22:49,910 didn't want his, you know, profitable news channel 364 00:22:49,993 --> 00:22:51,453 to have this sort of reputation. 365 00:22:52,037 --> 00:22:54,247 So he makes a fateful decision 366 00:22:54,331 --> 00:22:57,084 that will change the entire dynamic of the company. 367 00:22:58,126 --> 00:22:59,294 Breaking news. 368 00:22:59,378 --> 00:23:01,588 A media bombshell, and it's not inappropriate 369 00:23:01,671 --> 00:23:04,383 that I'm sitting at the Republican National Convention. 370 00:23:04,466 --> 00:23:08,887 Roger Ailes, the chairman, CEO, and mastermind of Fox News Channel, 371 00:23:08,970 --> 00:23:10,180 he's now officially out. 372 00:23:11,223 --> 00:23:16,061 Ailes was out right as the Republican Convention was going on. 373 00:23:16,144 --> 00:23:20,524 It was really a revenge moment for James and Lachlan. 374 00:23:21,108 --> 00:23:25,195 I humbly and gratefully accept 375 00:23:25,695 --> 00:23:30,951 your nomination for the presidency of the United States. 376 00:23:31,034 --> 00:23:32,828 Once Ailes was gone, 377 00:23:32,911 --> 00:23:37,165 there was an internal debate over the direction that Fox News goes. 378 00:23:37,958 --> 00:23:43,213 The feeling within the company was that Roger Ailes was Fox News, 379 00:23:43,296 --> 00:23:46,883 and that without him, it might not even be able to survive 380 00:23:46,967 --> 00:23:48,593 and certainly would not thrive. 381 00:23:50,011 --> 00:23:52,556 What we need to do is make careful decisions 382 00:23:52,639 --> 00:23:57,477 that we're exploiting the product that we have in as robust a way as possible, 383 00:23:57,561 --> 00:24:00,313 and we're also gonna get the widest possible audience. 384 00:24:00,814 --> 00:24:03,567 James was much more liberal leaning. 385 00:24:04,067 --> 00:24:07,154 He wanted Fox to appeal to a younger audience. 386 00:24:07,863 --> 00:24:10,449 And he sees this moment 387 00:24:10,532 --> 00:24:16,371 as an opportunity to steer the network toward less right-wing politics 388 00:24:16,455 --> 00:24:19,458 and a more fact-based approach to journalism. 389 00:24:20,417 --> 00:24:24,880 Lachlan, meanwhile, is adamantly opposed to this idea. 390 00:24:24,963 --> 00:24:28,383 Lachlan's political stripe was very conservative, 391 00:24:28,467 --> 00:24:29,551 as was Rupert's. 392 00:24:30,469 --> 00:24:33,930 And Lachlan wants what's good for business. 393 00:24:34,014 --> 00:24:35,765 Ready? Fox and the man! 394 00:24:35,849 --> 00:24:39,144 They have the number one cable network, $2 billion in profit. 395 00:24:39,769 --> 00:24:40,937 Fox is killing it. 396 00:24:42,147 --> 00:24:44,816 The brothers argue ferociously, 397 00:24:45,400 --> 00:24:48,153 and Rupert finally settles the matter by saying 398 00:24:48,653 --> 00:24:52,449 that he himself will step in as acting CEO. 399 00:24:55,035 --> 00:24:57,704 Rupert is tremendously proud of Fox News, 400 00:24:57,787 --> 00:25:00,040 and he thinks that it has given a voice 401 00:25:00,123 --> 00:25:03,585 to people that have not had a voice traditionally in media. 402 00:25:04,920 --> 00:25:08,798 So he was not going to change the trajectory of Fox News. 403 00:25:09,591 --> 00:25:13,303 And in fact, he yanks it further to the right, 404 00:25:13,386 --> 00:25:16,765 and Fox News becomes the cornerstone 405 00:25:16,848 --> 00:25:19,559 of his influence politically in the United States. 406 00:25:19,643 --> 00:25:22,687 We have a moral obligation to admit the world's poor, they tell us, 407 00:25:22,771 --> 00:25:26,525 even if it makes our own country poorer and dirtier and more divided. 408 00:25:27,400 --> 00:25:29,653 Under Rupert's supervision, 409 00:25:29,736 --> 00:25:34,449 Fox News becomes even more reckless and unhinged. 410 00:25:34,533 --> 00:25:37,118 He really let the talent run wild. 411 00:25:37,202 --> 00:25:39,621 Got the liberal crybaby snowflakes. 412 00:25:39,704 --> 00:25:42,207 Refugees pouring in now, infecting Europe. 413 00:25:42,290 --> 00:25:44,918 There are no guardrails. There's no accountability. 414 00:25:45,001 --> 00:25:46,628 Legal immigrants, isn't that worse? 415 00:25:46,711 --> 00:25:49,297 The government checked you guys out and let you in? 416 00:25:50,507 --> 00:25:52,384 What matters were the ratings. 417 00:25:53,301 --> 00:25:58,098 And Rupert knows that the Fox audience cares about opinion. 418 00:25:58,682 --> 00:26:01,268 It was good business because that's what they wanted to hear. 419 00:26:01,351 --> 00:26:05,230 This is the battle royal that goes on inside Fox and with the Murdochs, 420 00:26:05,313 --> 00:26:07,440 which is, are we just about the bottom line 421 00:26:07,524 --> 00:26:09,234 and keeping the audience happy, 422 00:26:09,317 --> 00:26:14,823 or do we have some conscience about what we're peddling? 423 00:26:14,906 --> 00:26:18,743 Let's talk about Fox News. Is Fox News fair and balanced? 424 00:26:18,827 --> 00:26:21,162 Look, I mean, I think the leadership at Fox News 425 00:26:21,246 --> 00:26:23,832 makes decisions around how they hire and what they do. 426 00:26:23,915 --> 00:26:27,085 I try not to get too much into that. I'm the chief executive, but… 427 00:26:27,168 --> 00:26:32,007 James feels no ability to shape the coverage, 428 00:26:32,090 --> 00:26:34,175 to tell them to be more responsible. 429 00:26:34,259 --> 00:26:37,387 Slaves that worked there were well fed 430 00:26:37,470 --> 00:26:39,764 and had decent lodgings provided by the government. 431 00:26:41,141 --> 00:26:46,313 Privately, James seems to become more and more ethically uncomfortable 432 00:26:46,896 --> 00:26:48,607 with what the role requires. 433 00:26:55,572 --> 00:26:59,284 For James, the breaking point comes with Charlottesville. 434 00:26:59,367 --> 00:27:02,662 I think there's blame on both sides, and I have no doubt about it, 435 00:27:02,746 --> 00:27:05,081 and you don't have doubt about it either. 436 00:27:06,124 --> 00:27:11,171 You also had people that were very fine people on both sides. 437 00:27:11,921 --> 00:27:15,592 James watches as Donald Trump holds a press conference, 438 00:27:15,675 --> 00:27:19,262 and he watches Fox News's coverage of all of it. 439 00:27:19,346 --> 00:27:21,431 President Trump told some truths. 440 00:27:21,514 --> 00:27:23,558 Yes, there are a lot of truths here. 441 00:27:23,642 --> 00:27:25,477 There was both sides causing violence. 442 00:27:25,560 --> 00:27:27,103 This line, to me, is so important. 443 00:27:27,187 --> 00:27:29,564 He said, "We are all Americans first." 444 00:27:29,648 --> 00:27:35,654 And sees how Fox News is breathlessly defending Trump. 445 00:27:35,737 --> 00:27:39,115 "We condemn all violence." That's what President Trump said. 446 00:27:39,199 --> 00:27:40,617 And all lives matter. 447 00:27:40,700 --> 00:27:43,828 If you don't agree with that, you're a racist. 448 00:27:43,912 --> 00:27:46,998 It really just eats at James. 449 00:27:48,750 --> 00:27:51,628 As he's trying to decide what to do about all of this, 450 00:27:51,711 --> 00:27:55,298 his wife, Kathryn, asks him a clarifying question. 451 00:27:56,007 --> 00:27:58,468 If you're not gonna stand up to Nazis, 452 00:27:58,551 --> 00:28:00,136 who are you gonna stand up to? 453 00:28:01,429 --> 00:28:04,724 Last night, 20th Century Fox CEO James Murdoch 454 00:28:04,808 --> 00:28:07,102 slammed the president's response. 455 00:28:07,185 --> 00:28:12,232 An email from Murdoch said, "There are no good Nazis, Klansmen, or terrorists." 456 00:28:13,191 --> 00:28:16,986 James puts out his own statement without clearing it with anyone. 457 00:28:17,487 --> 00:28:22,492 It is a stinging rebuke and repudiation of Fox News. 458 00:28:23,368 --> 00:28:25,995 That statement drives a further wedge 459 00:28:26,079 --> 00:28:27,414 between him and Rupert. 460 00:28:30,041 --> 00:28:34,796 James really believes that his vision for the company 461 00:28:34,879 --> 00:28:36,840 is better for the bottom line. 462 00:28:36,923 --> 00:28:39,676 And that it's much too risky and reckless 463 00:28:39,759 --> 00:28:43,888 to continue running these news outlets the way that they've been run. 464 00:28:43,972 --> 00:28:48,351 And he thinks that his father and brother, whatever their politics, should see that. 465 00:28:49,644 --> 00:28:52,021 And yet, by the end of 2017, 466 00:28:52,105 --> 00:28:54,607 James's proposed initiatives are going nowhere. 467 00:28:54,691 --> 00:28:56,860 The market was changing. 468 00:28:56,943 --> 00:28:59,154 We're moving to a video-entertainment business 469 00:28:59,237 --> 00:29:02,157 that is 100% consumed over IP networks. 470 00:29:02,866 --> 00:29:05,243 Streaming is the next frontier. 471 00:29:05,326 --> 00:29:07,662 Digital giants like Amazon and Netflix 472 00:29:07,746 --> 00:29:10,081 are pushing another revolution in viewing habits 473 00:29:10,165 --> 00:29:12,208 by investing billions in programs. 474 00:29:12,292 --> 00:29:15,378 Fox did not have the heft to go up against 475 00:29:15,462 --> 00:29:18,548 Netflix, Amazon, Apple, all of these well-funded companies. 476 00:29:19,215 --> 00:29:23,845 So James wants to try yet again to buy the rest of BSkyB. 477 00:29:23,928 --> 00:29:26,389 That's an $11 billion deal. 478 00:29:26,973 --> 00:29:31,060 He believes that if he's able to bring BSkyB into the fold, 479 00:29:31,144 --> 00:29:33,897 they could survive in this brave new world. 480 00:29:34,522 --> 00:29:39,110 And just as they are ready to try to negotiate that, 481 00:29:39,903 --> 00:29:43,281 another major scandal comes out. 482 00:29:43,364 --> 00:29:44,866 Bill! 483 00:29:44,949 --> 00:29:47,118 Bill O'Reilly faces questions 484 00:29:47,202 --> 00:29:48,953 about harassment allegations. 485 00:29:49,037 --> 00:29:51,706 O'Reilly paid a $32 million settlement 486 00:29:51,790 --> 00:29:54,125 to Lis Wiehl, a former Fox News analyst. 487 00:29:54,209 --> 00:29:56,586 Wendy Walsh, a former Fox contributor, 488 00:29:56,669 --> 00:29:58,671 claims O'Reilly harassed her. 489 00:29:58,755 --> 00:30:04,427 Bill O'Reilly has been sexually harassing people who work for him for years, 490 00:30:04,511 --> 00:30:09,182 and the Murdochs secretly paid off some of those women 491 00:30:09,265 --> 00:30:13,311 even after James and Lachlan promised they were going to clean up the company. 492 00:30:13,394 --> 00:30:16,648 The star of cable news was forced out yesterday 493 00:30:16,731 --> 00:30:18,441 from his top-rated show. 494 00:30:18,525 --> 00:30:22,737 Together, O'Reilly and Ailes were paid $65 million to leave. 495 00:30:22,821 --> 00:30:25,907 The women who accused them so far, $33 million. 496 00:30:26,950 --> 00:30:29,077 Fox had made a big show 497 00:30:29,160 --> 00:30:32,413 of how they are going to have a cleaned-up culture, 498 00:30:33,957 --> 00:30:37,126 but this scandal just reminds everyone 499 00:30:37,210 --> 00:30:40,880 of the dirty underbelly of the Murdoch empire. 500 00:30:42,006 --> 00:30:44,133 The Fox News controversies 501 00:30:44,217 --> 00:30:46,803 very much get in the way of their broader ambitions. 502 00:30:46,886 --> 00:30:51,224 At risk, its attempt to buy Europe's pay TV giant Sky. 503 00:30:51,724 --> 00:30:54,435 Ofcom, the communications regulator, 504 00:30:54,519 --> 00:30:57,647 decides "Are these people fit and proper persons 505 00:30:57,730 --> 00:30:59,482 to hold a TV license?" 506 00:31:06,906 --> 00:31:09,659 Regulators in the UK were outraged. 507 00:31:10,326 --> 00:31:11,953 It would've been a terrific deal, 508 00:31:12,036 --> 00:31:15,665 and it probably would have sealed James's succession if it had gone through, 509 00:31:16,165 --> 00:31:17,333 but it doesn't. 510 00:31:20,211 --> 00:31:22,088 They had tried to grow. 511 00:31:22,171 --> 00:31:24,966 They'd gone after BSkyB and failed to do that. 512 00:31:26,593 --> 00:31:28,720 And so without telling his children, 513 00:31:29,220 --> 00:31:33,433 Rupert calls Bob Iger, the CEO of Disney. 514 00:31:34,434 --> 00:31:39,063 Bob Iger, over the past 20 years, had been a grower. 515 00:31:39,147 --> 00:31:42,692 Well, I think Star Wars has had a great impact on Disney. 516 00:31:43,568 --> 00:31:46,070 He had successfully bought Lucasfilm, 517 00:31:46,154 --> 00:31:47,947 Pixar, Marvel 518 00:31:48,031 --> 00:31:50,992 to position Disney for the streaming wars. 519 00:31:52,201 --> 00:31:56,831 Rupert and Iger went to the winery that Rupert owns in Bel Air. 520 00:31:58,541 --> 00:32:01,628 They had some glasses of Pinot, I am told. 521 00:32:03,171 --> 00:32:05,381 And Rupert proposes doing something 522 00:32:05,465 --> 00:32:10,094 that, for longtime Murdoch watchers, seems absolutely unthinkable. 523 00:32:12,180 --> 00:32:15,099 Rupert presents the defining deal of his life, 524 00:32:16,184 --> 00:32:20,688 selling the bulk of the film and television assets of 21st Century Fox 525 00:32:20,772 --> 00:32:23,358 to Disney for 50-odd billion. 526 00:32:24,859 --> 00:32:26,945 Fox had Avatar, 527 00:32:27,028 --> 00:32:30,990 The X-Men, FX, Nat Geo. 528 00:32:31,074 --> 00:32:33,868 All these would be additive for Disney. 529 00:32:36,037 --> 00:32:39,374 One night at Gramercy Tavern in New York, 530 00:32:40,208 --> 00:32:43,336 Rupert, Lachlan, and James were all eating together 531 00:32:43,419 --> 00:32:45,254 and discussing the Disney deal. 532 00:32:46,798 --> 00:32:49,217 James was very supportive of the deal. 533 00:32:49,300 --> 00:32:51,719 He was sick of being associated with Fox News. 534 00:32:52,553 --> 00:32:55,932 He felt like all of the changes he wanted to make 535 00:32:56,015 --> 00:32:59,060 to modernize and reform the companies 536 00:32:59,143 --> 00:33:00,269 fell on deaf ears. 537 00:33:00,895 --> 00:33:04,524 And he also saw this as a way to set himself up 538 00:33:04,607 --> 00:33:08,069 as potentially the next CEO after Iger left. 539 00:33:08,861 --> 00:33:11,406 But Lachlan was extremely upset. 540 00:33:11,906 --> 00:33:14,784 Lachlan likes having a big Hollywood studio. 541 00:33:14,867 --> 00:33:17,787 He didn't come back to run a shaved-down company. 542 00:33:18,454 --> 00:33:21,332 He started ranting and raving, 543 00:33:21,416 --> 00:33:23,918 and saying it was completely unfair 544 00:33:24,002 --> 00:33:29,382 that Rupert and James were pursuing this sale over his objections, 545 00:33:29,465 --> 00:33:32,301 and finally gave them an ultimatum. 546 00:33:33,094 --> 00:33:34,887 And said to his dad, 547 00:33:35,388 --> 00:33:39,017 "If you go through with this deal, you will not have a son." 548 00:33:39,100 --> 00:33:42,353 And then he turned to James and said, "And you won't have a brother." 549 00:33:42,437 --> 00:33:44,230 Then he stormed out of the restaurant. 550 00:33:45,857 --> 00:33:48,526 And in recounting that at the trial, 551 00:33:49,027 --> 00:33:52,405 James said Lachlan's prophecy was right, 552 00:33:52,488 --> 00:33:55,783 that a brother and son would be lost over this deal, 553 00:33:55,867 --> 00:33:58,536 and called this the Oracle of Delphi moment. 554 00:34:02,957 --> 00:34:06,210 Rupert's facing one of the biggest decisions in his career. 555 00:34:10,590 --> 00:34:15,344 Things are still up in the air when Rupert and his then wife, Jerry Hall, 556 00:34:16,179 --> 00:34:19,057 are on vacation in the Caribbean 557 00:34:19,849 --> 00:34:22,351 on Lachlan's yacht, the Sarissa. 558 00:34:24,395 --> 00:34:26,773 You know, Lachlan's yacht is custom designed. 559 00:34:27,273 --> 00:34:28,983 It has a climbing wall. 560 00:34:29,067 --> 00:34:33,821 The cabin turns into a nighttime sky with the constellations and the galaxy. 561 00:34:34,947 --> 00:34:38,284 And it's also a racing boat, so it's built to move quickly. 562 00:34:40,703 --> 00:34:43,414 And one night, Rupert gets up to go to the bathroom. 563 00:34:43,915 --> 00:34:46,834 He trips, and he can't get up. 564 00:34:47,710 --> 00:34:51,756 He had suffered a broken back. He had to be evacuated by helicopter 565 00:34:52,256 --> 00:34:53,883 and hospitalized. 566 00:34:56,094 --> 00:34:58,846 It becomes apparent that to fix his back 567 00:34:58,930 --> 00:35:00,389 will be to risk his life. 568 00:35:00,473 --> 00:35:03,101 That the procedure they have to do could kill him. 569 00:35:04,352 --> 00:35:06,813 Jerry calls Rupert's children 570 00:35:06,896 --> 00:35:11,567 and says, "Your father is severely injured and may die." 571 00:35:12,443 --> 00:35:14,654 "You probably need to get to his bedside 572 00:35:14,737 --> 00:35:17,240 and make whatever peace you can or want to with him." 573 00:35:18,157 --> 00:35:20,159 They rush to his bedside. 574 00:35:20,243 --> 00:35:23,621 The family is operating as if this might be it. 575 00:35:24,580 --> 00:35:26,999 This is also setting in motion the possibility 576 00:35:27,083 --> 00:35:31,045 that the four children are gonna have to fight it out for control. 577 00:35:31,129 --> 00:35:34,006 There was this awareness among everybody 578 00:35:34,090 --> 00:35:36,759 that, um, you know, that day could be coming soon. 579 00:35:36,843 --> 00:35:38,344 I mean, it could be coming now. 580 00:35:39,804 --> 00:35:43,683 You have said you'd like to have a member of the family succeed you. 581 00:35:43,766 --> 00:35:45,977 They've got to prove themselves too. 582 00:35:47,270 --> 00:35:51,482 There wasn't a clear plan what would happen if Rupert was to die. 583 00:35:52,066 --> 00:35:53,860 I hope to be able to leave them 584 00:35:54,777 --> 00:35:57,572 a great opportunity, like my father left me. 585 00:35:57,655 --> 00:36:00,241 All the signs are they want it very much. 586 00:36:00,867 --> 00:36:05,246 In the background is always the trust, succession, 587 00:36:05,830 --> 00:36:07,165 who's gonna prevail. 588 00:36:09,167 --> 00:36:12,545 So there's a lot riding on Rupert's recovery. 589 00:36:15,923 --> 00:36:17,425 Of course, he's Rupert. 590 00:36:17,508 --> 00:36:21,220 He does. He even joked, "They can't kill me. Stronger than ever." 591 00:36:21,304 --> 00:36:24,223 Rupert Murdoch is laid up in bed and working from home. 592 00:36:25,391 --> 00:36:29,729 Rupert recovered, and he ended up selling to Disney. 593 00:36:29,812 --> 00:36:33,232 How did you get Rupert to sell some of the crown jewels? 594 00:36:33,316 --> 00:36:37,195 A year ago, I didn't see this one coming. Nor did I see it coming six months ago. 595 00:36:37,278 --> 00:36:40,281 The 20th Century Fox film studio, 596 00:36:40,364 --> 00:36:42,408 the television studios they own, 597 00:36:42,909 --> 00:36:46,787 and the cable networks went to Disney. 598 00:36:47,496 --> 00:36:50,625 Getting the price he did was a great deal. 599 00:36:50,708 --> 00:36:55,171 Each of the siblings got about $2 billion in cash. 600 00:36:56,380 --> 00:36:58,174 Lachlan is happy. 601 00:36:58,716 --> 00:37:02,094 He will say that he previously really just opposed the deal 602 00:37:02,178 --> 00:37:03,554 on the basis of price. 603 00:37:04,639 --> 00:37:09,894 And it allowed Rupert and Lachlan to keep the asset that they really care about, 604 00:37:09,977 --> 00:37:10,978 which is Fox News. 605 00:37:12,188 --> 00:37:16,317 But ultimately, it was very devastating for James. 606 00:37:16,817 --> 00:37:19,403 Fox announcing its leadership for the new Fox. 607 00:37:19,987 --> 00:37:23,616 Lachlan Murdoch will serve as chairman and CEO of the company. 608 00:37:23,699 --> 00:37:26,077 Rupert Murdoch will serve as cochairman. 609 00:37:26,577 --> 00:37:30,289 Rupert made it clear there was no role for James at Fox. 610 00:37:30,373 --> 00:37:33,793 And in the end, there was no role for James at Disney. 611 00:37:33,876 --> 00:37:35,503 There's been speculation 612 00:37:35,586 --> 00:37:38,881 that you were agitating for a place for him on the Disney board. 613 00:37:38,965 --> 00:37:40,758 No, no, no, no. Uh… 614 00:37:40,841 --> 00:37:42,593 There's no conditions like that. 615 00:37:42,677 --> 00:37:47,223 Rupert was convinced that James was angling 616 00:37:47,306 --> 00:37:52,019 to get himself a job at Disney out of these negotiations. 617 00:37:52,103 --> 00:37:53,813 It infuriated him. 618 00:37:53,896 --> 00:37:57,066 And Rupert actually called Iger himself 619 00:37:57,149 --> 00:37:59,902 and said, "Don't give my son a job." 620 00:38:00,820 --> 00:38:05,408 And I think that this was born out of Rupert's concern 621 00:38:05,491 --> 00:38:10,705 that James was not negotiating entirely out of the interest of the company 622 00:38:10,788 --> 00:38:12,415 but was thinking about himself. 623 00:38:14,083 --> 00:38:19,588 Lachlan's prophecy that a brother and son would be lost over this deal was right, 624 00:38:20,089 --> 00:38:22,091 but it wouldn't be Lachlan. It was James. 625 00:38:22,174 --> 00:38:27,138 The sale of Fox to Disney effectively made you a very wealthy free agent. 626 00:38:27,221 --> 00:38:29,890 You think there's a future in which you'd go back to Fox? 627 00:38:29,974 --> 00:38:33,811 I don't think so. I think they're off doing their own thing there. 628 00:38:35,104 --> 00:38:38,441 My brother and my father run that, and I'm not worried about it. 629 00:38:38,524 --> 00:38:42,236 -You don't communicate with them about it? -Um, about business, no. 630 00:38:44,071 --> 00:38:46,866 James leaves the News Corporation board. 631 00:38:47,575 --> 00:38:51,412 And the relationship with the rest of the family suffers. 632 00:38:52,121 --> 00:38:56,751 Rupert sees attitudes in James that he sensed as weakness in other people. 633 00:38:57,668 --> 00:38:59,128 He sees Lachlan now 634 00:38:59,211 --> 00:39:03,424 as the last remaining steward of the family business. 635 00:39:03,507 --> 00:39:06,719 And he wants Lachlan to have control when he's gone. 636 00:39:07,470 --> 00:39:08,846 Breaking news. 637 00:39:08,929 --> 00:39:12,475 Rupert Murdoch is to step back from the global media empire 638 00:39:12,558 --> 00:39:14,769 that he built over seven decades. 639 00:39:14,852 --> 00:39:16,812 Rupert Murdoch is retiring. 640 00:39:17,938 --> 00:39:21,567 When Rupert finally retired in 2023, 641 00:39:22,068 --> 00:39:23,319 I was surprised 642 00:39:23,402 --> 00:39:27,114 because it had always been said about Rupert, he would be carried out in a box. 643 00:39:27,198 --> 00:39:28,366 He would never retire. 644 00:39:29,075 --> 00:39:33,371 Uh, but now in retrospect, it's clear that by making his announcement, 645 00:39:33,454 --> 00:39:36,791 he was trying to underline as heavily as he could 646 00:39:36,874 --> 00:39:40,753 that Lachlan was the one he wanted to take over the whole thing. 647 00:39:41,253 --> 00:39:43,422 His son Lachlan will become sole chairman 648 00:39:43,506 --> 00:39:45,591 of both Fox and News Corporation, 649 00:39:45,674 --> 00:39:50,471 with the billionaire now taking on the honorary title of chairman emeritus. 650 00:39:51,514 --> 00:39:53,432 This is real life Succession. 651 00:39:53,516 --> 00:39:56,352 Now Lachlan is the one who is the heir apparent. 652 00:39:57,353 --> 00:39:59,980 What most people are thinking when they think of succession 653 00:40:00,064 --> 00:40:02,358 is who's the next CEO going to be? 654 00:40:02,858 --> 00:40:04,985 In a family-owned business, you often assume 655 00:40:05,069 --> 00:40:07,738 that a family member will be the next CEO. 656 00:40:07,822 --> 00:40:12,368 They'll have ultimate control. In fact, the real power lies in ownership. 657 00:40:14,453 --> 00:40:17,123 Rupert had come to believe 658 00:40:17,206 --> 00:40:21,585 that James and his sisters are going to link arms 659 00:40:21,669 --> 00:40:24,338 and take control of the family empire, 660 00:40:24,422 --> 00:40:26,799 boot Lachlan from the corner office, 661 00:40:26,882 --> 00:40:29,635 defang Rupert's conservative media outlets, 662 00:40:29,718 --> 00:40:33,222 and, you know, turn Fox News into MSNBC. 663 00:40:35,266 --> 00:40:37,893 Anybody have any comment this morning? 664 00:40:38,394 --> 00:40:43,357 So what Rupert's thinking is, if he doesn't win this trial, 665 00:40:43,441 --> 00:40:46,694 and if he doesn't get the trust built around Lachlan, 666 00:40:47,194 --> 00:40:49,238 it's like he never existed. 667 00:40:53,617 --> 00:40:57,246 There is billions of dollars at stake, and there is pride at stake, 668 00:40:57,329 --> 00:41:00,458 and there is a father's affection and respect at stake. 669 00:41:01,375 --> 00:41:04,462 And so when James and Lachlan take the stand, 670 00:41:04,545 --> 00:41:10,301 their history of betrayal, of bitterness, of backstabbing is front and center. 671 00:41:10,801 --> 00:41:12,970 Are you confident of victory? 672 00:41:13,053 --> 00:41:14,763 Any comment at all? 673 00:41:14,847 --> 00:41:18,726 What becomes clear over the course of Lachlan's testimony 674 00:41:18,809 --> 00:41:22,813 is he feels a great sense of betrayal by his brother. 675 00:41:23,314 --> 00:41:29,737 For years, he has felt that James had been seeding stories in the media 676 00:41:29,820 --> 00:41:35,326 about how James was planning to one day push him out. 677 00:41:35,409 --> 00:41:37,453 You know, he says on the stand at one point, 678 00:41:37,536 --> 00:41:38,537 "Thousands of stories." 679 00:41:38,621 --> 00:41:41,123 "There have been thousands of stories about this." 680 00:41:41,832 --> 00:41:47,004 And that James has never come out and said, "I support your leadership." 681 00:41:47,505 --> 00:41:49,965 And he says, "It would've been the right thing to do." 682 00:41:50,049 --> 00:41:52,134 "It would've been the decent thing to do." 683 00:41:52,218 --> 00:41:57,181 The fact that it didn't happen, it fuels Lachlan's paranoia. 684 00:41:58,724 --> 00:42:02,770 On the stand, James steadfastly denied all of that. 685 00:42:03,270 --> 00:42:06,690 Again and again, he said, "No, I wasn't planning." 686 00:42:06,774 --> 00:42:08,025 "No, there was no plotting." 687 00:42:09,068 --> 00:42:13,614 James would say that this was a fevered conspiracy theory 688 00:42:13,697 --> 00:42:15,699 that Lachlan and Rupert had cooked up 689 00:42:15,783 --> 00:42:19,745 to rationalize the aggressive moves that they would take 690 00:42:19,828 --> 00:42:25,584 to make Lachlan the successor and ensure Rupert's legacy. 691 00:42:26,460 --> 00:42:28,671 At some point at the trial, 692 00:42:28,754 --> 00:42:33,342 he was asked about the years of internal Murdoch family communications. 693 00:42:33,425 --> 00:42:34,802 Texts and emails. 694 00:42:34,885 --> 00:42:36,929 All this stuff that had come out in discovery. 695 00:42:37,721 --> 00:42:40,933 The communication showed that they see him 696 00:42:41,016 --> 00:42:43,727 as just this pious, nagging liberal 697 00:42:43,811 --> 00:42:46,689 who was throwing his politics in everybody's face. 698 00:42:47,189 --> 00:42:51,819 And when James is reading these texts from his dad 699 00:42:51,902 --> 00:42:54,280 to his sisters and his brother, 700 00:42:54,363 --> 00:42:57,908 he became emotional and actually started to cry on the stand. 701 00:42:58,784 --> 00:43:03,706 This is his dad and his brother, who he's loved and he thought loved him. 702 00:43:04,873 --> 00:43:09,878 It laid bare just how far apart he and his father were 703 00:43:09,962 --> 00:43:13,591 in terms of their visions for the company, how they saw the world, 704 00:43:13,674 --> 00:43:17,386 what they believed the Murdoch name should mean, 705 00:43:17,886 --> 00:43:23,934 and just how calculating and manipulative his father could be. 706 00:43:26,270 --> 00:43:29,064 Now the decision about who will run News Corp 707 00:43:29,148 --> 00:43:30,816 will rest with a judge. 708 00:43:34,194 --> 00:43:37,531 I don't think anyone had any idea who was gonna win this case. 709 00:43:38,365 --> 00:43:41,452 So we are constantly working our sources. 710 00:43:42,202 --> 00:43:45,623 We're vaguely picking up that each side feels pretty good. 711 00:43:46,874 --> 00:43:48,292 But this is Rupert Murdoch. 712 00:43:48,792 --> 00:43:51,211 He's one of the richest men on earth, 713 00:43:51,295 --> 00:43:53,589 one of the savviest men on earth. 714 00:43:54,256 --> 00:43:57,509 We just had a sense that maybe Rupert would pull this out 715 00:43:57,593 --> 00:43:58,677 because he's Rupert. 716 00:43:59,595 --> 00:44:00,804 So we're waiting. 717 00:44:02,264 --> 00:44:04,391 And then, in December, 718 00:44:04,475 --> 00:44:08,020 we find out the judge has ruled. 719 00:44:09,396 --> 00:44:10,981 Our top story, 720 00:44:11,065 --> 00:44:15,986 Rupert Murdoch has just lost his bid to alter a family trust. 721 00:44:16,070 --> 00:44:19,073 Rupert and Lachlan lost on every single count. 722 00:44:19,657 --> 00:44:23,035 -How'd it go, Lachlan? -Any comment, Mr. Murdoch? 723 00:44:23,535 --> 00:44:25,287 It was kinda shocking, 724 00:44:25,371 --> 00:44:27,581 not only that Rupert lost 725 00:44:27,665 --> 00:44:31,210 but that the judge found this whole thing so unseemly. 726 00:44:31,293 --> 00:44:33,879 The plan was deemed basically a charade. 727 00:44:33,962 --> 00:44:39,343 The judge said Rupert and Lachlan Murdoch acted in bad faith. 728 00:44:39,426 --> 00:44:43,305 It's just a complete repudiation of everything they said in court. 729 00:44:43,389 --> 00:44:45,933 Basically that this was a ruse 730 00:44:46,433 --> 00:44:50,062 meant to carry on Rupert's legacy through his son. 731 00:44:52,606 --> 00:44:57,111 For James and Liz and Prue, this is vindication. 732 00:44:57,194 --> 00:45:01,615 This was about as resounding and validating a victory 733 00:45:01,699 --> 00:45:02,783 as you could have. 734 00:45:07,913 --> 00:45:10,833 Shortly after the trial was over, 735 00:45:11,625 --> 00:45:13,794 Rupert and Lachlan were together 736 00:45:13,877 --> 00:45:17,965 on the ancestral Murdoch ranch in rural Australia, 737 00:45:18,465 --> 00:45:22,553 talking about how their scheme had fallen apart 738 00:45:22,636 --> 00:45:25,013 and plotting their next move. 739 00:45:25,514 --> 00:45:28,726 We knew there was an appeal coming from Rupert and Lachlan, 740 00:45:28,809 --> 00:45:31,103 but the commissioner's ruling was so definitive 741 00:45:31,186 --> 00:45:33,731 that we couldn't see how they could pull something off. 742 00:45:39,319 --> 00:45:41,113 Typically, what happens in these cases 743 00:45:41,196 --> 00:45:45,409 is the state judge would rubber-stamp the commissioner's decision 744 00:45:45,492 --> 00:45:46,827 and reject the appeal. 745 00:45:47,327 --> 00:45:51,665 And so when the judge calls for oral arguments, 746 00:45:51,749 --> 00:45:53,876 James, Liz, and Prue do not go. 747 00:45:53,959 --> 00:45:57,838 They don't take this seriously, but Lachlan and Rupert are there. 748 00:46:00,632 --> 00:46:04,219 Lachlan's lawyer argues that Lachlan has been running the company. 749 00:46:04,303 --> 00:46:05,929 It's doing very well financially. 750 00:46:06,013 --> 00:46:09,266 And it's best for the heirs, for everyone's financial interest, 751 00:46:09,349 --> 00:46:11,101 to lock in Lachlan's control. 752 00:46:11,602 --> 00:46:14,396 And the way that the judge is responding, 753 00:46:14,480 --> 00:46:18,192 it becomes clear that they were open to the argument 754 00:46:18,275 --> 00:46:20,235 that Rupert had a right to change the trust, 755 00:46:20,319 --> 00:46:22,196 that the door is open, at least a crack. 756 00:46:24,448 --> 00:46:28,035 That can only mean one thing if you're James, Liz, and Prue. 757 00:46:28,118 --> 00:46:30,871 Maybe your victory is not going to be a lasting one. 758 00:46:31,497 --> 00:46:35,334 And now this coup to disenfranchise them and take away their power 759 00:46:35,417 --> 00:46:36,794 might actually happen. 760 00:46:38,170 --> 00:46:40,172 That changes the dynamic. 761 00:46:40,255 --> 00:46:42,257 It was time to talk about a price. 762 00:46:44,009 --> 00:46:46,678 Rupert had always said to Lachlan, 763 00:46:46,762 --> 00:46:49,807 "Bet on yourself. Buy your siblings out." 764 00:46:50,307 --> 00:46:54,853 But Lachlan always seemed hesitant. He never put up the big money. 765 00:46:55,646 --> 00:46:59,316 And so Project Family Harmony, which Lachlan initiated, 766 00:46:59,399 --> 00:47:02,528 was a way for Lachlan to get it for free. 767 00:47:02,611 --> 00:47:05,531 To get control of the company without buying his siblings out. 768 00:47:06,114 --> 00:47:08,408 But if Rupert and Lachlan were serious 769 00:47:08,492 --> 00:47:10,327 about keeping control of Fox News… 770 00:47:10,828 --> 00:47:13,705 James and his sisters are gonna need top dollar. 771 00:47:15,040 --> 00:47:16,500 Talks were ongoing. 772 00:47:16,583 --> 00:47:21,547 And by the beginning of September, they had an agreement in place. 773 00:47:23,173 --> 00:47:26,510 The price was finally right. It looks like things are good. 774 00:47:27,177 --> 00:47:29,346 But for these two brothers, 775 00:47:29,429 --> 00:47:33,475 the acrimony is so high that it threatened to scuttle everything. 776 00:47:34,309 --> 00:47:35,936 And that's because Lachlan, 777 00:47:36,019 --> 00:47:39,439 who's still furious about this commissioner's ruling in December, 778 00:47:39,523 --> 00:47:40,649 he wants an agreement 779 00:47:40,732 --> 00:47:43,443 that the commissioner's ruling has been vacated. 780 00:47:44,278 --> 00:47:46,405 James wanted this ruling to live on 781 00:47:46,488 --> 00:47:48,699 as proof that he had beaten his brother. 782 00:47:49,199 --> 00:47:50,534 For James and Lachlan, 783 00:47:50,617 --> 00:47:53,412 you know, the jockeying to be the winner, 784 00:47:53,495 --> 00:47:56,874 this is what has defined their entire lives. 785 00:47:58,166 --> 00:48:01,128 In the end, cooler heads prevail. 786 00:48:01,211 --> 00:48:04,673 They find compromise language, like, "Okay, we're moving on from that case." 787 00:48:05,757 --> 00:48:09,636 It's all silly, but I guess it was like a point of pride. 788 00:48:09,720 --> 00:48:13,765 That's how this family interacts. I mean, it's like… It's nuts, but it's true. 789 00:48:14,892 --> 00:48:19,229 The battle for control of the Murdoch news empire has been won. 790 00:48:20,063 --> 00:48:22,149 Rupert Murdoch's family has reached a deal 791 00:48:22,232 --> 00:48:25,903 which will see the eldest son, Lachlan, take complete power 792 00:48:25,986 --> 00:48:28,697 when the 94-year-old media mogul dies. 793 00:48:28,780 --> 00:48:32,117 Three of Lachlan's siblings will receive huge payouts for their shares 794 00:48:32,200 --> 00:48:36,038 and will step away from their roles at both News Corp and Fox. 795 00:48:36,121 --> 00:48:39,124 The three siblings are gonna be fully out of the trust. 796 00:48:39,625 --> 00:48:43,253 They are gonna get, between them, $3.3 billion. 797 00:48:43,837 --> 00:48:45,505 A lot of people were stunned. 798 00:48:46,214 --> 00:48:49,217 There was a view, certainly among liberal critics, 799 00:48:49,301 --> 00:48:52,137 that James, Prue, and Liz sold out. 800 00:48:52,220 --> 00:48:54,056 That they took the money and ran. 801 00:48:55,057 --> 00:48:57,684 They thought that James would never sell out. 802 00:48:57,768 --> 00:48:59,978 That he was planning to keep his shares 803 00:49:00,062 --> 00:49:03,690 so that he could topple Lachlan and transform Fox News. 804 00:49:04,316 --> 00:49:06,985 I think it was always in James's financial interest 805 00:49:07,069 --> 00:49:09,321 to encourage that perception. 806 00:49:09,404 --> 00:49:10,781 But I think, at the end of the day, 807 00:49:10,864 --> 00:49:14,284 what he really wanted was to get as much money as he could squeeze 808 00:49:14,368 --> 00:49:15,953 out of his father and brother. 809 00:49:16,912 --> 00:49:18,956 A new trust will be formed for Lachlan 810 00:49:19,039 --> 00:49:21,291 and his two younger sisters, Grace and Chloe, 811 00:49:21,375 --> 00:49:24,461 that will hold controlling stakes in Fox and News Corp, 812 00:49:24,544 --> 00:49:26,421 with Lachlan controlling the votes. 813 00:49:26,505 --> 00:49:29,424 The two youngest children become beneficiaries of the trust, 814 00:49:29,508 --> 00:49:31,510 but with no voting power. 815 00:49:32,803 --> 00:49:34,805 For Lachlan to get control, 816 00:49:34,888 --> 00:49:37,724 he needed to have Grace and Chloe's shares. 817 00:49:38,225 --> 00:49:42,104 Wendi helped Rupert to persuade the girls to just come along. 818 00:49:42,187 --> 00:49:46,817 "You will still get your dividends. Give Lachlan all the voting power." 819 00:49:47,859 --> 00:49:52,406 But when the new trust expires in 2050, Lachlan will be in his seventies, 820 00:49:53,073 --> 00:49:55,993 and Grace and Chloe will be fully-formed adults 821 00:49:56,076 --> 00:49:58,203 who may want more control over the company. 822 00:49:58,704 --> 00:49:59,830 Who knows? 823 00:49:59,913 --> 00:50:01,331 This is the Murdochs. 824 00:50:04,418 --> 00:50:08,088 The succession battle is over, and both sides are claiming victory. 825 00:50:09,506 --> 00:50:14,094 But I think you have to say that Lachlan and Rupert won. 826 00:50:14,845 --> 00:50:19,182 Because Lachlan is gonna be in control of this empire until 2050. 827 00:50:19,850 --> 00:50:23,812 James and his sisters, they got more money, yes. 828 00:50:23,895 --> 00:50:27,816 But it's hard to see this as a victory when you already have billions of dollars 829 00:50:27,899 --> 00:50:29,568 and you just added another billion. 830 00:50:30,068 --> 00:50:33,405 Whereas Lachlan actually got something here that he didn't have, 831 00:50:33,488 --> 00:50:35,782 which was control of this company. 832 00:50:36,491 --> 00:50:40,203 But for all this talk of winning, they all lost. 833 00:50:40,704 --> 00:50:43,707 They've got their billions, but they've lost their family. 834 00:50:43,790 --> 00:50:48,545 And that is what being a Murdoch really cost them. 835 00:50:49,171 --> 00:50:51,089 How would you describe your dad? 836 00:50:51,173 --> 00:50:55,177 Well, I think the shows make him look dark and sinister. 837 00:50:55,260 --> 00:50:59,806 And really, he's a really nice person, a fun person. 838 00:50:59,890 --> 00:51:00,974 Sometimes, eh? 839 00:51:01,683 --> 00:51:05,312 Tell me about some of the things that you would disagree with him about 840 00:51:05,395 --> 00:51:06,980 and how you deal with it. 841 00:51:08,690 --> 00:51:09,983 We don't have long enough. 842 00:51:11,359 --> 00:51:13,612 How important is it for News Corporation 843 00:51:13,695 --> 00:51:15,572 to stay in family hands? 844 00:51:15,655 --> 00:51:16,573 To whom? 845 00:51:17,115 --> 00:51:19,242 "How important to whom?" is the question. 846 00:51:21,995 --> 00:51:23,914 What he's done with his children 847 00:51:23,997 --> 00:51:27,584 is throw them in the deep end, give them great challenges, 848 00:51:27,667 --> 00:51:31,213 and expect them to achieve, uh, in those challenges. 849 00:51:32,881 --> 00:51:35,801 Is there a personal price that you're bound to have to pay? 850 00:51:36,384 --> 00:51:37,969 I think so, yes. 851 00:51:38,512 --> 00:51:40,597 This is an all-consuming life. 852 00:51:41,139 --> 00:51:42,349 And, um… 853 00:51:45,060 --> 00:51:46,978 you know, that's really all I can say about it.