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Your key to understanding global events like never before.

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Bill O'Reilly here, you are listening to the weekend edition of the O'Reilly update.

Coming up next, the news with Mike Slater.

Thanks, Bill. Here's what's happening this week in America.

Rupert steps down, trap door in the daycare,

sex offender on the loose, and Americans more obese than ever that's all coming up.

Then Bill will be here with your message in the day.

But first, Rupert Murdoch stepped down as the chairman of Fox and News Corp.

His son will now become the new chairman.

He's 92.

It's been in the business for 70 years.

He inherited a local Adelaide Australian newspaper from his dad in 1952,

established the country's first national newspaper 10 years later,

went on to acquire news of the world and the sun in England in the late 60s,

then bought the New York Post, New York magazine in the village voice.

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