Rupert Murdoch steps down
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 22 September 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Rupert Murdoch is stepping down as chair of Fox and News Corp, Russia has barred the export of diesel and petrol, and the Bank of England has held interest rates at 5.25 per cent after a knife-edge vote. Plus, India has stopped issuing visas to Canadians and told Ottawa to reduce its diplomatic presence in the country.
Mentioned in this podcast:
Rupert Murdoch steps down as chair of Fox and News Corp
Russia puts squeeze on oil market with diesel export ban
Bank of England holds interest rates at 5.25%
India stops issuing visas to Canadians as row escalates
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.3 | Good morning from the Financial Times. Today is Friday, September 22. |
| 0:14.2 | And this is your FT News Briefing. |
| 0:18.8 | The Rupert Murdoch era is over, well, kind of, and Russia is squeezing the oil market again. |
| 0:26.8 | Plus, the Bank of England left interest rates alone yesterday. |
| 0:30.4 | And I'll tell you, it was a pretty close decision for a pause. |
| 0:34.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:43.2 | Rupert Murdoch is stepping down as chair of Fox and News Corp. |
| 0:47.2 | His son, Lachlan Murdoch, will take over. |
| 0:50.1 | This marks the end of an era for the powerful media billionaire, |
| 0:53.2 | but he's still promised to stay on as chair Emeritus. |
| 0:56.8 | The FT's US Business Editor, Andrew Edgecliff Johnson, is here to unpack this? |
| 1:01.1 | Hey Edge. Hi Mark. |
| 1:03.3 | So aside from this being the real life version of the TV show Succession, |
| 1:08.6 | why is Rupert Murdoch stepping down a big deal? |
| 1:12.4 | Well, the big deal is simply that this is the most watched Succession drama in not just media, |
| 1:18.2 | but in pretty much any industry you can think of. |
| 1:20.9 | Rupert Murdoch has run this company for the better part of 70 years. |
| 1:24.8 | And more importantly than that, he has had an influence on three continents, |
| 1:29.2 | the likes of which no media baron has had before him. |
| 1:33.5 | So this is a singular figure in the world of media and frankly politics. |
... |
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