How to pass on a global media empire
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 24 September 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Today, how did the drama come to be? And what will the decision mean for the future of Fox, one of the most influential networks, on the planet and our political discourse?
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Transcript
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| 0:00.0 | NPR A spotlight is shining down on a small court in Reno, Nevada to settle a |
| 0:17.1 | family squabble and decide the future of a global media empire. It reads like an episode of succession, that dramatic behind the scenes battle between |
| 0:27.4 | Rupert Murdoch and three of his children at... |
| 0:30.1 | 93 year old Rupert Murdoch and his children are embroiled in a court case over who will take control over Fox Corp and News Corp. |
| 0:37.6 | The family businesses. |
| 0:39.2 | We're talking newspapers, publishing, radio, and television. |
| 0:43.6 | The Empire includes Fox News, the New York Post, and the Wall Street Journal here in the |
| 0:47.8 | U.S. The Times in the UK, and the Australian in Murdoch's native land. |
| 0:53.0 | Murdoch started all this with a local Australian paper that he inherited from his dad. |
| 0:58.0 | Rupert Murdoch once agreed to divide equal control of his empire to his four eldest children. |
| 1:05.0 | Now he wants just his eldest son Lachlan in charge of it all. |
| 1:10.0 | But with pushback from his other children, the probate court will decide what's ultimately allowed and who will inherit control. |
| 1:18.0 | This is the indicator from planet money. I'm Darren Woods. |
| 1:21.0 | And I'm Adrian Ma. Today on the show how did the real life Murdoch succession |
| 1:26.0 | drama come to be and what all this mean for the future or one of the most influential |
| 1:31.5 | media networks on the planet and our political discourse. |
| 1:41.3 | This message comes from NPR sponsor, Organic Valley, a co-op of small organic family farms. |
| 1:47.0 | Farmer Tyler Webb shares what being a steward of his land means to him. |
| 1:52.0 | When I think of land stewardship, it's taking the opportunity to like slowly walk through your farm. |
| 1:59.0 | To listen. |
| 2:02.0 | To look for ways to work in harmony with our environment, with our ecosystem. |
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... |
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