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Channels with Peter Kafka

Why did Rupert Murdoch just leave his media empire?

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4585 Ratings

🗓️ 21 September 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

One of the most powerful people of the 21st century says he’s retiring. Rupert Murdoch, 92, will hand over control of News Corp. and Fox Corp. to his son Lachlan, in November. What does that actually mean? And what happens next? Here to offer some very informed speculation is longtime Murdoch family watcher Brian Stelter, who wrote one book on Murdoch and Fox News and has another one on the way. Up for discussion with Vox’s Peter Kafka: How active has Rupert been at the top of his company? Why is this happening now? What happens to the Murdoch empire right now? And, most importantly - what happens to that empire once Rupert retires from planet Earth? Brian Stelter (@brianstelter) is the author of Hoax: Donald Trump, Fox News, and the Dangerous Distortion of Truth and the forthcoming book Network of Lies: The Epic Saga of Fox News, Donald Trump, and the Battle for American Democracy Host: Peter Kafka (@pkafka), Senior Editor at Recode More to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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slash voxpod this is recode media with peter kofka and since you're listening to this podcast you know

1:10.5

that today

1:11.1

Rupert Murdoch, age 92, announced he is formally stepping away from his media empire in November.

1:18.1

What does it really mean? And what happens next? I've got a great guest to discuss that with

1:22.3

Brian Stelter, formerly of CNN, New York Times before that. Brian is also a Murdoch specialist. He's written one book about part of the Murdoch Empire. That's hoax. He's got another one coming out called Network of Lies this fall. So he's the perfect person to discuss this. Is it a torch passing, Brian? Is this what it seems or is it less than it seems? I think this is more than what it seems. I think there's

1:45.1

a mystery at the core of the story that we don't quite know yet, right? There's more to learn about

1:50.4

the reason for the timing of this announcement, because this has been happening in slow motion for

1:55.6

at least several years. Again, he's 92. Yeah. He was going to leave one way or the other sooner than later.

2:02.7

Give us the slow motion part of it. The slow motion part of it is what you can see when you read

2:07.9

the Dominion v. Fox legal filings, which is something I've spent far too much time doing in recent months,

2:13.2

combing through Burdock's emails and text messages and the depositions of Rupert and his associates.

2:19.0

What you can see is a man who is shockingly passive, a media mogul who acts more like a bystander

2:25.5

than an owner of his company, a man who acts like a passenger in the car and not a driver of the car.

2:31.6

And you might say, well, he was just saying that to get off the hook with

2:34.5

Dominion. He's done that in the past with the news of the world hacking story, which is not very believable at the time. And more recently, he was, of course, under oath. And he was having to give over his emails and text messages, which affirm what he said under oath, which is that, you know, he's more of a newspaper guy than a TV guy.

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