Murdoch loses bid to rewrite succession plan for Fox News
The Beat with Ari Melber
Ari Melber, MS NOW
4.6 • 4.2K Ratings
🗓️ 11 December 2024
⏱️ 41 minutes
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| 0:00.0 | Welcome to The Beat. I'm Ari Melbert. And our top story tonight is pretty interesting, we think. |
| 0:05.0 | It's not directly about politics or directly about the economy, although it touches on both of |
| 0:11.0 | those spheres and a lot more. It is a succession battle fit for TV because it is about TV and also |
| 0:19.1 | involves the HBO show on TV about Fox News on TV, |
| 0:23.1 | but everything you're about to hear is essentially true and real. It also involves a new |
| 0:28.3 | big blow or loss for mogul Rupert Murdoch. He is the patriarch, patriarch of the conservative |
| 0:34.5 | empire that you are familiar with in some form or another. You've heard of Fox News, their sister publication of Wall Street Journal, and a lot of other |
| 0:41.4 | valuable media properties. |
| 0:43.6 | Well, he has been fighting in a battle that literally is the show title about him and his family, |
| 0:49.6 | although it's a fictional show based on them. |
| 0:51.3 | You may recall it was called Success succession, and he has just lost his |
| 0:55.2 | bid to alter a family trust over his succession. The New York Times obtained some of these |
| 1:01.8 | secret or sealed court documents. Murdoch is 93, and while no one is wishing ill on anyone or |
| 1:08.2 | predicting how long anyone could live, he could be around in this role for a very |
| 1:12.6 | long time. But succession planning is about what happens when, like everyone else, he ultimately |
| 1:17.4 | dies. So he was attempting with an eye on whenever that event would occur to give more control |
| 1:23.2 | to his eldest son, Lachlan. And what we're learning from the Times reporting on the documents |
| 1:27.2 | is that |
| 1:27.6 | this was not just some issue of family favorites. It has to do with the politics I mentioned earlier, |
| 1:34.2 | and he thinks Lachlan is the one who could, quote, lock in Fox News's right-wing editorial slant for years to come, |
| 1:41.0 | presumably for years after his death whenever it occurs. So Murdoch wanted to |
| 1:45.7 | favor the person who he thought would ideologically carry on his global right-wing agenda, |
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