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Watch Dynasty The Murdochs () free Season 1 Episode 2 online in HD on Dailymotion (2026).
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00:08WELCOME ONE AND ALL LADIES AND GENTLEMEN TO THE LATE SHOW.
00:10I'M YOUR HOST, STEPHEN COLBERT.
00:13ABOUT TWO HOURS AGO, FOX NEWS SETTLED THEIR DEFAMATION SUIT
00:18WITH DOMINION VOTING SYSTEMS.
00:20DAMN IT!
00:21I WANTED TO SEE RUPERT MODARK PUT HIS HAND ON THE BIBLE AND
00:24BURST INTO FLAMES.
00:302023 WAS ONE OF THE WORST YEARS IN RUPERT'S ENTIRE CAREER.
00:36FOX NEWS SETTLED A LAWSUIT WITH THE DOMINION VOTING MACHINE
00:42COMPANY FOR ALMOST A BILLION DOLLARS.
00:45FOX WAS ALREADY STRAPPED FOR CASH.
00:47TUCKER CARLSON CAN ONLY AFFORD ONE FACIAL EXPRESSION.
00:50DOMINION HAD ACCUSED FOX NEWS OF KNOWINGLY PUSHING FALSE
00:52CONSPIRACY THEORIES ABOUT WHAT FORMER PRESIDENT TRUMP HAD
00:55CLAIMED WERE RIGGED VOTING MACHINES.
00:57SO FOX KNEW THIS WAS ALL BS AND YET THEY WERE HYPING IT TO
01:01THEIR VIEWERS ANYWAY.
01:04DURING THE 2020 PRESIDENTIAL RACE, FOX HOSTS GAVE AIRTIME
01:08TO CONSPIRACY THEORIES ABOUT A STOLEN ELECTION.
01:11THESE FRAUDULENT BALLOTS WILL JUST BE COUNTERED AGAIN.
01:14FOX NEWS IS TRYING TO SELL THEIR BULLSHIT THAT TRUMP REALLY WON THE ELECTION.
01:18THE MACHINE RAN AN ALGORITHM THAT SHAVED VOTES FROM TRUMP AND AWARDED THEM TO BIDEN.
01:23THE JUDGE RULED THAT EVERYTHING FOX AIRD ABOUT DOMINION AND ITS VOTING MACHINES
01:28IN THE 2020 ELECTION WAS FALSE.
01:32THEIR DECISION TO BUY INTO THE BIG LIE CREATED A CREDIBILITY PROBLEM FOR THE COMPANY
01:37AND FOR SHAREHOLDERS.
01:39SO THERE ARE TENSIONS WITHIN THE MURDOCK FAMILY.
01:43LIZ, JAMES, AND PRUE ARE CONCERNED ABOUT THE DIRECTION OF THE COMPANY UNDER LACHLAN
01:49BECAUSE THIS DOMINION VOTING SETTLEMENT HAPPENED UNDER HIS LEADERSHIP.
01:54AT FOX NEWS, THERE HAS ALWAYS BEEN A PUSH TO THE RIGHT, BUT NOW THIS IS AN EXISTENTIAL MATTER
02:02FOR THE FAMILY.
02:03AN ENORMOUS AMOUNT IS AT STAKE.
02:06I MEAN, THIS IS THE MOST POWERFUL MEDIA EMPIRE IN THE WORLD.
02:10AND IT BEGINS TO PROVOKE A CONVERSATION AMONG THE CHILDREN ABOUT, WELL, WHAT IS GONNA HAPPEN
02:16WHEN RUPERT DIES?
02:17WHERE DO WE GO FROM HERE?
02:18WHAT WILL HAPPEN WITH THE COMPANIES?
02:23SO JAMES IS PASSING THROUGH LONDON, AND HE REACHES OUT TO LIZ AND PRUE TO MEET WITH THEM.
02:30IT'S WORTH ACKNOWLEDGING LACHLAN IS NOT INVITED.
02:36JAMES RESERVES A PRIVATE ROOM INSIDE THE CLARIDGE HOTEL IN LONDON.
02:40AND THAT MEETING BECOMES A SOURCE OF A LOT OF DEBATE AND A LOT OF CONTROVERSY.
02:48BECAUSE AS THIS IS ALL UNSPOOLING, THERE'S THIS ARTICLE IN THE FINANCIAL TIMES THAT REALLY SETS
02:55LACHLAN OFF.
02:57THERE'S A QUOTE FROM A SOURCE CLOSE TO JAMES THAT SAYS, BASICALLY, WHEN RUPERT DIES,
03:03LACHLAN'S OUT.
03:04OF COURSE, THAT FUELS LACHLAN'S PARANOIA.
03:07WHO WAS GOING TO SUCCEED WAITING ON THE WAITING...
03:09THE CHATTER THAT JAMES WILL AFFECT A COUP WITH HIS SISTERS WAS, IN LACHLAN'S EARS, DEAFENING.
03:17THE CLEAR INDICATION IS, IF JAMES WERE TO SOMEHOW AFFECT A COUP, HE WOULD CHANGE THE DIRECTION
03:23OF FOX AND WOULD TAKE IT TO THE LEFT.
03:27AND THAT'S ALL VERY MUCH IN THE AIR AS THIS MEETING HAPPENS.
03:33SO, AT CLARIDGE'S, LIZ, JAMES, AND PREW ARE DEFINITELY VENTING ABOUT LACHLAN,
03:38BUT ALL SAY THAT THEY DIDN'T TALK ABOUT GETTING RID OF HIM.
03:42THE MOST MEMORABLE THING ABOUT IT IS LIZ HAS A BEER.
03:46BUT AFTERWARD, PRUE GETS AN ALARMING TEXT FROM LACHLAN, ASKING HER TO CALL HIM.
03:54PRUE IS BESIDE HERSELF.
03:57MAYBE HE'S FOUND OUT ABOUT THEIR MEETING.
03:59SHE DOESN'T KNOW WHAT TO SAY.
04:02AND SHE WRITES TO LIZ.
04:04LACHLAN TRYING TO REACH ME.
04:06AND SHE DOES A KIND OF EXPLODING HEAD EMOJI.
04:12BUT, AS IT TURNS OUT, HE WAS REACHING OUT TO TELL HER ABOUT SOME CHANGES AT ONE OF THE COMPANY'S
04:19BOARDS.
04:20SO IT WAS ACTUALLY PRETTY INNOCULOUS.
04:23BUT STILL, LACHLAN'S VERY UNHAPPY.
04:26HE'S CONSTANTLY REMINDING HIS DAD OR POINTING OUT TO HIS DAD,
04:28LOOK, LOOK, LOOK, THEY'RE PLANNING THE COUP.
04:32RUPERT SPENT HIS ENTIRE LIFETIME BUILDING FOX NEWS AND THE REST OF THE CONSERVATIVE EMPIRE.
04:38SO HE SEES IT AS HIS LEGACY.
04:42AND THERE IS ONLY ONE OF HIS CHILDREN THAT RUPERT TRUST WITH THE MURDOCH MEDIA EMPIRE OPERATING IN THE INTERESTS
04:51OF CONSERVATIVE POLITICS.
04:53HE KNOWS LACHLAN WILL ACT AS AN INSTRUMENT OF HIS WILL, EVEN POSTHUMOUSLY.
04:57SO RUPERT AND LACHLAN DECIDE, WE'VE GOT TO FIGURE THIS OUT.
05:03AND THUS BEGINS AN AGGRESSIVE PLOT TO TAKE CONTROL OF THE EMPIRE ONCE AND FOR ALL.
05:26RUPERT ALWAYS PORTRAYS HIMSELF AS SOMEONE WHO CAME FROM NOTHING, WHO BUILT HIS EMPIRE OUT OF NOTHING.
05:33BUT HE GREW UP IN A HOUSE THAT HAD 30 ROOMS.
05:36IT HAD A TOWER, FOUR ACRES OF GARDENS, A BALLROOM.
05:42THEY HAD TEN SERVANTS.
05:44SO RUPERT WASN'T JUST BORN WITH A SILVER SPOON IN HIS MOUTH.
05:47HE HAD A WHOLE SET OF GOLD CUTLERY.
05:52HIS FATHER, KEITH MURDOCH, WAS THE MOST POWERFUL NEWSPAPER MAN IN AUSTRALIA,
05:57WITH ONE OF THE TOP-SELLING TABLOIDS IN MELBOURNE.
06:00AND RUPERT GREW UP WANTING TO EMULATE HIS FATHER.
06:03THE WAY THAT HIS FATHER MADE MONEY WAS THROUGH A POPULIST MESSAGING APPARATUS.
06:11HE PIONEERS THIS MODERN TABLOID JOURNALISM IN AUSTRALIA.
06:14SNAPPY HEADLINES, COMPETITIONS, SPORT AND CRIME.
06:19HE WAS ALSO A KINGMAKER IN HIS DAY.
06:22HE WAS ABLE TO SEAT AND UNSEAT PRIME MINISTERS.
06:27RUPERT'S BORN IN 1931.
06:29HE'S THE SECOND CHILD.
06:30THE FIRST IS A GIRL.
06:32TWO MORE GIRLS COME AFTER.
06:33RUPERT, AS THE BOY, WAS NATURALLY THE ONE THAT HIS FATHER LOOKED TO TO SUCCEED HIM.
06:38BUT HE WAS NOT GREAT AT SPORTS.
06:41HE WAS NOT PARTICULARLY FOCUSED IN SCHOOL.
06:44HIS HEADMASTER SAID HE WAS THE MOST UNPLEASANT, MOST DIFFICULT PUPLE HE'D EVER TAUGHT.
06:51HE WAS REBELLIOUS, ARROGANT, DIDN'T LIKE AUTHORITY.
06:56SO HE'S A GUY WHO'S GOT A LOT OF PRIVILEGE ABOUT HIM.
06:59AND HE BEHAVES LIKE THAT.
07:03KEITH HAD SENT HIM TO OXFORD TO RUB SHOULDERS WITH FUTURE INFLUENCES
07:07AND MAKE SOMETHING OF HIMSELF.
07:10AND INSTEAD RUPERT WAS DRIVING FAST, GAMBLING, DRINKING, SMOKING, HAVING A GREAT TIME.
07:19SO KEITH MURDOCK WAS NOT CONVINCED THAT RUPERT WAS A GOOD REPRESENTATION
07:23OF WHAT THE MURDOCK FAMILY NAME SHOULD EMBODY.
07:30I WAS SLEEPING IN ONE SUNDAY MORNING IN MY FLAT AT BOXFORD.
07:34BUT WHEN MY TUDOR CAME IN AND WOKE ME UP AND TOLD ME THAT MY FATHER HAD DIED,
07:39ANY MEMORY I REALLY HAVE OF IT IS ONE OF COMPLETE SHOCK.
07:43RUPERT'S FATHER DIED RATHER ABRUPTLY.
07:47IN HIS WILL, KEITH MURDOCK SAID THAT HE HOPED FOR HIS ONLY SON, KEITH RUPERT MURDOCK,
07:54TO HAVE A USEFUL, ALTRUISTIC, AND FULL LIFE IN NEWSPAPERING AND BROADCASTING,
08:01WHICH IS QUITE A CHARGE.
08:03I WAS BURDENED WITH THIS ANXIETY FOR RUPERT, WHO WAS SO VERY YOUNG,
08:12AND I DID LONG TO BE ABLE TO HELP RUPERT TO PROVE WORTHY OF HIS FATHER.
08:20FROM ELIZABETH'S PERSPECTIVE, SHE'S GOT THIS 21-YEAR-OLD SON,
08:24WHO'S TOTALLY UNPROVEN WHEN IT COMES TO BEING A JOURNALIST,
08:27LET ALONE RUNNING A MEDIA EMPIRE.
08:30AND SO AFTER THE FUNERAL, KEITH MURDOCK'S FORMER COLLEAGUES TAKE CONTROL.
08:34THE EXECUTIVES OF HIS ESTATE TALKED TO DAME ELIZABETH
08:37INTO SELLING THE BULK OF THE MEDIA BUSINESS THAT KEITH HAD BUILT UP.
08:42RUPERT IS OUTRAGED.
08:45HE BELIEVES THAT THE PEOPLE THAT USED TO WORK FOR HIS FATHER
08:47HAVE NOW BETRAYED HIM, AND HIS INHERITANCE HAS BEEN STOLEN OUT FROM UNDER HIM.
08:52RUPERT CARRIED THIS WITH HIM FOR HIS ENTIRE LIFE.
08:55NOT A CHIP, BUT A BOULDER ON HIS SHOULDER.
08:58AND HE SPENDS THE NEXT 45 YEARS GETTING EVEN.
09:09PEOPLE ALWAYS ASK, WHAT DRIVES RUPERT?
09:12EVERYONE THINKS THAT IT'S MONEY, BUT IT'S REALLY THE GAME.
09:16BY THE MID-90s, RUPERT WAS ON A WINNING STREAK.
09:20THE MURDOCK EMPIRE IS SPRAWLING.
09:24IT'S IN THE U.S., U.K., AND AUSTRALIA.
09:27HE HAS 20TH CENTURY FOX, MOVIE STUDIOS, TELEVISION.
09:31HIS ENORMOUS COMMUNICATIONS EMPIRE INCLUDES EVERYTHING FROM SATELLITE COMPANIES
09:37TO SOME OF THE BIGGEST NEWSPAPERS IN THE WORLD.
09:39FORBES MAGAZINE ESTIMATES HIS FORTUNE TO BE WORTH $4 BILLION.
09:43RUPERT MURDOCK HAD ALREADY ACQUIRED A VILLAINESS REPUTATION
09:48FOR HIS DOWN-MARKET TABLOIDS AND CONSERVATIVE POLITICS.
09:53OUR COMPANY IS A REFLECTION OF MY THINKING, MY CHARACTER AND MY VALUES.
09:58HIS GUIDING LIGHT WAS POKING WHOEVER HE VIEWED AS THE ESTABLISHMENT.
10:04WHEN IT'S GOING WELL, PUSH IT.
10:101996 IS THE MOST IMPORTANT YEAR IN RUPERT MURDOCK'S CAREER.
10:16AND IT'S IMPORTANT FOR TWO WORDS. FOX NEWS.
10:20AS YOU KNOW, FOX HAS HAD A PHENOMENAL GROWTH IN THE LAST FEW YEARS.
10:23AND NOW WE HAVE TO MOVE TO MAKING OURSELVES THE BEST IN NEWS PROGRAMMING.
10:30RUPERT SAW A REAL BUSINESS OPPORTUNITY.
10:32GOOD MORNING AND WELCOME TO MSNBC.
10:34YOU SAW ALL OF THE NEWS OPERATIONS FIGHTING FOR THE SAME LEFT OF CENTER AUDIENCE.
10:39AND THERE'S NO REAL CONSERVATIVE VOICE IN THE NEWS.
10:43MURDOCK IS BOWING TO OFFER AN ALTERNATIVE TO WHAT HE CLAIMS IS A LIBERAL BIAS IN THE MEDIA.
10:48RECOGNIZING AN AUDIENCE THAT ISN'T BEING CATERED TO AND SPEAKING TO THEM DIRECTLY.
10:53THIS IS THE MODEL FOR THE MURDOCK MEDIA EMPIRE.
10:56SO, RUPERT LAUNCHED FOX NEWS.
10:58WE'VE BEEN VERY LUCKY IN BEING ABLE TO OBTAIN THE SERVICES OF MR. ROGER ALES.
11:06I'D LIKE TO THANK MR. MURDOCK FOR THE KIND WORDS. THANK YOU ALL FOR COMING THIS MORNING.
11:10RUPERT MURDOCK, ROGER ALES WAS DEEP INTO CONSERVATIVE POLITICS.
11:14WE'D LIKE TO RESTORE OBJECTIVITY WHERE WE FIND IT LACKING.
11:19AND WE JUST EXPECT TO DO FINE, BALANCED JOURNALISM.
11:24ROGER ALES IS ONE OF THE SMARTEST PEOPLE I'VE MET. SMARTEST, CANNY.
11:29IT'S LIKE TALKING TO SATAN. LIKE, SATAN'S SMART.
11:33DEPENDS WHO YOU ARE, HOW YOU DESCRIBE THE RELATIONSHIP BETWEEN ROGER ALES AND RUPERT MURDOCK.
11:40THEY ARE EITHER SUPERVILLAINS THAT CAME TOGETHER TO DOMINATE THE WORLD.
11:46OR THEY ARE MUTUAL GENIUSES WHO RECOGNIZE MARKET VALUE.
11:51CONSIDERING HIS CHOICE OF ALES AND THAT HIS CONSERVATIVE FINGERPRINTS ARE SMUDGED ALL OVER HIS NEWSPAPERS,
11:57MANY ANALYSTS WONDER IF HE WILL USE THE TV NEWS CHANNEL TO SPREAD HIS GOSPEL.
12:02HOW DID IT HAPPEN? HOW DID TELEVISION NEWS BECOME SO PREDICTABLE AND IN SOME CASES SO BORING?
12:08WELL, WE'RE GOING TO TRY TO BE DIFFERENT.
12:11WE LAUNCHED IN THE FALL OF 1996.
12:14DEBUT OF THE FOX NEWS CHANNEL.
12:15WE WERE SORT OF OUTCASTS LIKE PIRATES.
12:18AND BEING PART OF THAT SORT OF OUTSIDER, ANTI-ESTABLISHMENT CRUSADE WAS FUN.
12:24BUT ONE OF MY FELLOW EDITORS AT CNN SAID,
12:27BE CAREFUL.
12:29ALES DOES NOT HAVE THE BEST REPUTATION.
12:31HE HAS THIS PUGNACIOUS SORT OF STYLE.
12:33SO HE WAS KNOWN AS A RUTHLESS CHARACTER.
12:37THE FOX NEWS CHANNEL WAS ROGER'S FIEFDOM.
12:40HE HAD A LOT OF LATITUDE AND UNILATERAL CONTROL.
12:44BUT HE FOLLOWED THE PLAYBOOK OF THE OTHER MURDOCK MEDIA PROPERTIES.
12:49IT WAS TAKING THE ETHOS OF THE NEW YORK POST
12:52AND BRINGING IT TO A VIBRANT TELEVISION SCREEN.
12:56WHETHER IT WAS AN AMERICAN FLAG OR SPLASHY GRAPHICS,
13:00THERE'S SOMETHING TO LOOK AT.
13:02DING, FOX NEWS ALERT.
13:04DING, OVER AND OVER AND OVER.
13:08THEY BELIEVED THAT YOU HAD TO GRAB THE AUDIENCE, THE VIEWER, VISUALLY FIRST.
13:14FOX HIRED PEOPLE WHO WERE GOOD-LOOKING.
13:18MORE MAKEUP, MORE HAIR SPRAY, SHORTER SKIRTS AND HIGHER HEELS.
13:24ROGER ELSE CAME UP WITH THE IDEA OF A TRANSLUCENT DESK
13:27BECAUSE HE WANTED THE AUDIENCE TO BE ABLE TO SEE THE LEGS OF HIS FEMALE ANCHORS.
13:31GOT RID OF VALEDICTORIANS.
13:32AILS WANTED AN IMAGE THAT YOU WOULD STOP ON.
13:35AND, YOU KNOW, I DON'T THINK HE WAS WRONG.
13:41THEY REALIZED THAT WHAT THE AMERICAN PUBLIC WANTED ALMOST MORE THAN ANYTHING ELSE
13:47WAS AN ATTRACTIVE YOUNG WOMAN WITH THE OPINIONS OF AN OLD MAN.
13:52AND JUST AS AILS AND RUPERT MURDOCK ARE LAUNCHING FOX, A STORY ON THE NATIONAL STAGE BREAKS THROUGH.
14:01THE PRESIDENT'S ON TRIAL.
14:03THE IMPEACHMENT TRIAL OF PRESIDENT CLINTON.
14:05BILL CLINTON STRUNG US ALL ALONG.
14:07IT'S BILL CLINTON'S ALLEGED AFFAIR WITH MONICA LEWINSKI.
14:11AND IT'S CATNIP FOR FOX NEWS' VIEWERS.
14:15CBS NEWS HAS UNCOVERED NEW PICTURES.
14:17NOW, EVERYBODY WAS COVERING THAT STORY.
14:19BUT NO ONE WAS COVERING IT WITH THE SAME KIND OF GLEE THAT FOX WAS.
14:24THIS IS A VERY GOOD DAY FOR A NUMBER OF LAWYERS INVOLVED IN THE MONICA LEWINSKI INVESTIGATION.
14:28WE'RE HITTING A SITTING PRESIDENT, WE'RE HITTING HIM HARD.
14:31HE DEFINITELY LIED.
14:33WE WERE ENCOURAGED TO PLAY BY A DIFFERENT SET OF RULES, TO GO ALL IN ON A SCANDALOUS, TABLOID KIND
14:39OF STORY
14:41WITHOUT THE KIND OF CAREFUL JOURNALISTIC BALANCE THAT HAD PRECEDED YEARS BEFORE.
14:46THE LEWINSKI CASE CHALLENGES ALL OF US.
14:48YOU AND I, THE AMERICAN PEOPLE, WILL HAVE TO RENDER THE FINAL VERDICT.
14:53THAT'S REALLY WHEN FOX NEWS CHANNEL FOUND ITS VOICE.
14:57AND THE RATINGS SPIKED.
15:00TONIGHT IT'S WORTH POINTING OUT THAT THE FOX NEWS CHANNEL HAS SUCCEEDED AGAINST ALL ODDS.
15:05IT'S HARD TO IMAGINE THAT THEY COULD HAVE LAUNCHED WITH AS MUCH OF A BANG IF THEY DIDN'T HAVE THAT
15:10STORY TO CHEW ON EVERY SINGLE NIGHT.
15:14FOX NEWS ESTABLISHED THAT YOU CAN MAKE A TON OF MONEY AND GET A HUGE AUDIENCE, NOT BY DOING STRAIGHT
15:18NEWS, BUT BY GIVING PEOPLE WHAT THEY WANT TO HEAR.
15:21FOR ALL YOU KIDS WATCHING AT HOME, SANTA JUST IS WHITE.
15:25YOU KNOW, I MEAN, JESUS WAS A WHITE MAN TOO.
15:28THEY TOOK THIS POPULIST TENDENCY AND PUT IT ON STEROIDS.
15:32MEXICO HAS ANNOUNCED IT WILL PROVIDE UP TO 200,000 SURVIVAL KITS FOR THOSE PLANNING TO ILLEGALLY CROSS THE BORDER
15:40INTO THE U.S.
15:41RUPERT SAID IT WAS LIKE PICKING MONEY OFF THE STREET.
15:45HE WAS SHAMELESS ABOUT IT, PROUD OF IT, AND WITH GOOD REASON.
15:50IT MADE HIM PHENOMENALLY WEALTHY AND POWERFUL.
15:56RUPERT MADE VERY CLEAR EARLY ON THAT HE WANTED THIS HUGE MULTINATIONAL CONGLOMERATE, PUBLICLY TRADED, WILDLY SUCCESSFUL MEDIA COMPANY TO
16:08BE A FAMILY BUSINESS.
16:10WE ALWAYS TALK AS A FAMILY TOGETHER ABOUT BUSINESS.
16:14AND OF COURSE THAT TODAY IS STILL THE CASE.
16:16SO I TALK WITH MY SISTER AND MY BROTHER AND MY DAD ABOUT BUSINESS ON ALMOST A DAILY BASIS.
16:24WE'RE ALL GIVEN WONDERFUL OPPORTUNITIES.
16:27WE'VE ALSO BEEN VERY MUCH AWARE OF THE FACT THAT THERE'S PRETTY SERIOUS EXPECTATION IF YOU'RE GIVEN THAT KIND
16:34OF OPPORTUNITY THAT YOU BETTER PROVE WHAT YOU'RE DOING.
16:35AS THEY TALK ABOUT IT WITHIN THE FAMILY, HE WASN'T RAISING CHILDREN, HE WAS RAISING POSSIBLE SUCCESSORS.
16:42AND IT CREATED THIS RIVALRY AMONG THE KIDS.
16:45IT'S LIKE HE'S THROWING BLOOD INTO THE WATER AND LETTING THEM FIGHT IT OUT.
16:49I THINK MY DRIVE COMES FROM THE SAME PLACE THAT MY DAD'S DOES.
16:56THERE'S OBVIOUSLY A SENSE OF COMPETITIVE DRIVE AND THERE'S A SENSE OF REAL AMBITION.
17:04IN THE LATE 1990S, ELIZABETH GOES TO WORK FOR HER FATHER AT SKY, THE MAJOR BRITISH SATELLITE TV CONGLOMERATE.
17:14RUPERT REALLY INSTALLED VERY TOUGH PEOPLE THERE.
17:18IT WAS LIKE MACHO AND NASTY AND BELLIGERANT.
17:24WHAT I HEARD FROM PEOPLE WHO WORKED WITH LIZ IS THAT SHE'S LIKE HER DAD.
17:30SHE'S A VERY IDEAS-ORIENTED PERSON.
17:33ELIZABETH HAS A CREATIVE EYE THAT NEITHER OF HER BROTHERS REALLY POSSESS.
17:38IF WE WERE TALKING ABOUT WHAT HER BIG CONTRIBUTION TO THE COMPANY IS, IT'S THAT SHE SPOTTED, I THINK IT
17:43WAS CALLED POP IDOL IN THE UK,
17:46AND SAID TO DAD, I THINK THAT WE NEED THIS SHOW.
17:49AMERICA HAS MADE THEIR DECISION.
17:51AND THEY RENAMED IT AMERICAN IDOL.
17:54KELLY CLOGGSTON.
17:56IT WAS TRANSFORMATIVE FOR FOX.
18:00PEOPLE, THEY'RE IMPRESSED BY HER.
18:02SHE HAS SHOWN THAT SHE CAN BUILD AND RUN TV STATIONS.
18:06I THINK SHE THOUGHT THAT ONE DAY SHE MIGHT BE THE CEO OF SKY.
18:10I THINK DAD THOUGHT OTHERWISE, PERHAPS BECAUSE SHE WAS A WOMAN, IT WASN'T ENOUGH.
18:15HE TREATS HER AS DISRESPECTFULLY AND AS SEXIST A MANNER AS YOU COULD EXPECT.
18:20THAT A PERSON OF HIS GENERATION MIGHT DO.
18:23SHE'S A YOUNG MOTHER WITH TWO KIDS.
18:26AND RUPERT MAKES THE SEXIST UNDERMINING COMMENTS ABOUT HER HAVING CHILDREN.
18:31AND HOW SHE NEEDS TO FIGURE OUT WHAT SHE WANTS TO DO WITH HER LIFE.
18:35SHE FEELS SHE'S NOT BEEN GIVEN A CHANCE.
18:38AND SO SHE FAXES A RESIGNATION LETTER TO HER FATHER.
18:43IT'S A CLASSIC MURDOCK MOVE.
18:46AND HER FATHER RESPECTS THAT.
18:48I THINK HE WAS A LITTLE SURPRISED THAT I DECIDED TO LEAVE.
18:52BUT I THINK ALSO GREAT PRIDE.
18:54I THINK HE GOT IT.
18:57SHE STARTS HER OWN PRODUCTION COMPANY CALLED SHINE.
19:01SHE'S NOT GIVEN UP HER AMBITIONS, BY ANY MEN'S, TO PLAY A PART IN THE COMPANY.
19:05BUT WE'LL HAVE TO SEE HOW THINGS SETTLE DOWN IN HER OWN CAREER.
19:09THERE WERE ALWAYS RUMORS IN THE COMPANY THAT LIZ WAS THE DARK HORSE CANDIDATE TO BECOME RUPERT'S
19:18SUCCESSOR.
19:19AND SHE WAS PLAYING THE LONG GAME, THAT BY BUILDING HER OWN SUCCESSFUL COMPANY OUTSIDE OF THE
19:25MURDOCK UMBRELLA, THAT ONE DAY SHE WOULD COME BACK AND KILL HER BROTHERS.
19:33GOOD MORNING, EVERYBODY.
19:3625-YEAR-OLD LACHLAN MURDOCK IS TAKING OVER CONTROL OF HIS FATHER'S AUSTRALIAN OPERATIONS.
19:41BY THE MID TO LATE 90S, LACHLAN IS IN CHARGE OF THE WHOLE OF THE AUSTRALIAN EMPIRE.
19:47HE'S A BIT OF A ROCK STAR, BUT HE'S NOT A JOURNALIST.
19:50HE'S NOT A BUSINESSMAN.
19:52HE'S NOT GOT AN MBA.
19:53THERE SEEMS TO BE A LOT OF FOCUS ON WHO WILL BE RUPERT MURDOCK'S SUCCESSOR.
19:57DO YOU THINK THAT COULD BE YOU OF THE POUR CHILDREN?
19:59OH, I CAN'T PICK THAT FAR AHEAD.
20:02I DO THE BEST JOB I CAN AND WE'LL SEE WHAT HAPPENS.
20:05I'M VERY PLEASED ABOUT HIM.
20:06THAT WILL BE A TEST.
20:08HE'S NOT INCREDIBLY HIGHLY REGARDED, BUT HE'S GOT GOOD PEOPLE AROUND HIM.
20:13AND THOSE GOOD PEOPLE KNOW THAT IF THEY WANT TO GET IN THE ORGANIZATION,
20:17THEY NEED TO HELP LACHLAN BECAUSE RUPERT IS LOOKING.
20:20THEY'RE AUSTRALIA'S GLAMOROUS GOLDEN COUPLE.
20:23LACHLAN MURDOCK, HEIR TO A MEDIA FORTUNE, AND SARAH, A SUCCESSFUL MODEL,
20:28TV PRESENTER, AND ALL-ROUND GREAT OZZIE GIRL.
20:35FIT ENOUGH TO MARRY A SUPERMODEL,
20:37LACHLAN MURDOCK STARTED HIS WEDDING DAY WITH A MORNING RUN.
20:45THE MURDOCK PLAN HAS GATHERED AT THE FAMILY'S PROPERTY NEAR YES
20:48FOR WHAT'S BEEN LABELED THE WEDDING OF THE YEAR.
20:51HE'S MARRIED TO SUPERMODEL SARAH O'HARE, AND HE STARTED A FAMILY.
20:58HE'S FABULOUSLY RICH. THEY ARE LIKE ROYALTY.
21:02HE LOVES IT THERE. HE LOVES THE LIFESTYLE.
21:06HE FEELS LIKE HE IS AT HOME.
21:10BUT IF HE'S TO BE THEM SUCCESSOR, IT'S CLEAR THAT LACHLAN HAS TO COME
21:14WHERE THE CENTER OF GRAVITY IS FOR NEWS COOPERATION, AND THAT'S IN AMERICA.
21:19GOODBYE, NETWORK 10 AUSTRALIA, AND HELLO, NEW YORK.
21:24LACHLAN AND HIS FAMILY MOVES TO NEW YORK, AND HE BECOMES AN EXECUTIVE AT NEWS COOPERATION.
21:32HE WAS CLEARLY THE FAVORITE.
21:3425 CENTS FOR THE NEW YORK POST.
21:37HE WAS LEARNING THE WAYS OF THE NEW YORK POST AND THE NEWSPAPER BUSINESS,
21:42WHICH WAS WHAT RUPERT CARED ABOUT MOST, AND HE WAS THE OLDEST SON.
21:47LACHLAN, FROM THE VERY BEGINNING, REALLY, IS THE ONE WHO'S BEING GROOMED
21:51AND THE ONE WHO'S BEING GIVEN THE EASIEST RUN.
21:54AND RUPERT IS DESCRIBING LACHLAN AS THE FIRST AMONG EQUALS.
21:59THAT DOESN'T GO DOWN TOO WELL WITH JAMES.
22:03JAMES WAS RUNNING AN INDEPENDENT HIP-HOP LABEL CALLED RAUKUS RECORDS WITH HIS FRIENDS.
22:09THEY ACTUALLY DISCOVERED SOME OF THE EMERGING HIP-HOP CALEN IN BROOKLYN.
22:14MO'S DEAF.
22:16AND THEY WORKED WITH EMINEM AT ONE POINT.
22:20I THINK JAMES WANTED TO THINK OF HIMSELF AS SOMEONE WHO WAS GOING TO CHART HIS OWN COURSE.
22:26AND HE RESISTED RUPERT'S EFFORTS TO PUT HIM TO WORK IN THE FAMILY BUSINESS.
22:32BUT THERE WAS THIS GRAVITATIONAL PULL FROM RUPERT TO GET JAMES BACK INTO HIS ORBIT.
22:41RUPERT DECIDED TO BUY RAUKUS RECORDS.
22:45I DON'T THINK RUPERT PARTICULARLY CARED FOR THE EMERGING HIP-HOP SCENE.
22:51BUT BUYING THE LABEL WAS AN EASY WAY FOR HIM TO FORCE HIS SON'S HAND AND GET HIM INTO THE
22:58COMPANY.
22:59ALSO, JAMES HAD GROWN UP BELIEVING THAT THE MURDOCH MEDIA EMPIRE WAS THE CENTER OF THE UNIVERSE.
23:08SO WHEN HIS DAD SAID, I WANT YOU TO COME WORK FOR ME, SON.
23:12I'M GONNA TRUST YOU WITH THIS.
23:14IT MEANT A LOT.
23:18RUPERT MANAGES TO PUT HIM IN A SUIT AND A TIE AND GET HIS HAIR CUT AND, YOU KNOW, BRING
23:22HIM INTO LINE.
23:25JAMES GOES OVER TO WORK FOR STAR TV IN ASIA.
23:31THERE WAS NO REASON TO BELIEVE THAT A GREEN 27-YEAR-OLD COULD GO TO HONG KONG
23:38AND TURN AROUND A COMPANY THAT HAD LOST, I THINK IN RECENT YEARS, A HUNDRED MILLION DOLLARS.
23:44BUT JAMES, I THINK, WAS EXCITED BY THE CHALLENGE, EXCITED THAT HIS DAD SEEMED TO TRUST HIM,
23:50AND EARNESTLY WENT OUT THERE BELIEVING THAT HE COULD DO BIG THINGS THERE.
23:58JAMES WAS GOING TO HAVE TO SHOW THAT HE COULD PLAY HIS FATHER'S GAME.
24:01HE NEEDED TO PROVE IT TO HIS FATHER, BUT ALSO TO THE WORLD.
24:04THAT MEANT COMPROMISING ON SOME THINGS.
24:06THERE WERE POLITICAL PROTESTS TODAY ON THE ISSUE OF HUMAN RIGHTS.
24:10JAMES IS VERY WILLING TO LOOK THE OTHER WAY WHEN IT COMES TO HUMAN RIGHTS ABUSES IN CHINA.
24:18MURDOCK PULLED OUT OF PUBLISHING THE MEMOIRS OF CHRIS PATTON, THE FORMER GOVERNOR OF HONG KONG
24:22AND CRITIC OF THE CHINESE GOVERNMENT.
24:26THEY MADE HIM EAT SHIT.
24:28THEY MADE HIM GIVE SPEECHES ABOUT HOW YOU HAD TO RESPECT OTHER COUNTRIES' WAYS OF DOING THINGS,
24:33AND DEMOCRACY WASN'T ALWAYS THE ANSWER.
24:37THE PRESS DOESN'T NEED TO TALK DOWN TO PEOPLE.
24:39THE PRESS DOESN'T NEED TO EDUCATE.
24:41THE PRESS IS JUST A TOOL.
24:42HE WANTS TO OWN THE IDENTITY OF BEING A MURDOCK AND BEING A KIND OF RUTHLESS BUSINESSMAN.
24:49HIS EARLY ASSIGNMENTS, HE WAS REALLY EAGER TO PROVE HIMSELF TO HIS DAD
24:54AND TO BE SEEN AS A GOOD SOLDIER.
24:59SO JAMES SPEARHEADED THESE EFFORTS.
25:03AND FOR A WHILE IT LOOKS LIKE IT WILL WORK.
25:07BUT CHINA IS A GRAVEYARD FOR A LOT OF WESTERN BUSINESSES.
25:13THE CHINESE COMMUNIST PARTY, THEY JUST PLAYED HIM ALONG.
25:17IT ALL Wound UP NOT DOING ANYTHING FOR HIM OTHER THAN WASTING TIME AND MONEY.
25:25HE IS UNSUCCESSFUL IN OPENING UP CHINA TO THE DEGREE THAT THEY HAD HOPED.
25:32BUT JAMES HAS ALWAYS HAD A PRETTY HIGH OPINION OF HIMSELF.
25:35AND I THINK HE WAS INCREDIBLY COMPETITIVE WITH LACHLAN.
25:37AND SO I DON'T THINK HE EVER GAVE UP.
25:39JAMES, WELCOME TO MARK THE TALK.
25:41THANK YOU SO MUCH, SHAKER.
25:42IT'S GREAT TO BE HERE.
25:42HE PIVOTS THE GROWTH STRATEGY TO INDIA, WHERE HE DEVELOPS A BIG NEW SLATE OF PROGRAMMING,
25:50INCLUDING AN INDIAN VERSION OF WHO WANTS TO BE A MILLIONAIRE, WHICH BECOMES A NATIONAL SENSATION.
25:55AND BEST OF LUCK TO YOU, NAVIL.
25:57HE ALSO SEES A LOT OF ORGANIZATIONAL MISMANAGEMENT AND CHAOS.
26:04JAMES HAD TO INSTILL A PROFESSIONAL CORPORATE CULTURE.
26:08AND HE, BY ALL ACCOUNTS, SUCCEEDED.
26:12WITHIN, I THINK, TWO YEARS OF HIS TIME, STAR TURNED A PROFIT IN ASIA.
26:17JAMES ACTUALLY REMEMBERS COMING BACK FOR A BOARD MEETING ONE DAY
26:21AND HAVING ONE OF THE DIRECTORS PULL HIM A SIGH AND SAY,
26:24I DIDN'T THINK YOU HAD IT IN YOU.
26:26CONGRATS.
26:31AT THE TIME, BOTH JAMES AND LACHLAN WERE ON THE BOARD FOR NEWSCORP.
26:35AND WHEN THEY WOULD GET IN THE ROOM AT THESE BOARD MEETINGS,
26:39IT WAS AN OPPORTUNITY FOR BOTH OF THEM TO PERFORM FOR THEIR FATHER.
26:44AND I THINK MAYBE IMPLICITLY TO COMPETE WITH EACH OTHER IN FRONT OF THEIR FATHER.
26:51JAMES WOULD COME IN CHALLENGING EVERY POINT THAT LACHLAN MADE.
26:56THEY WERE BICKERING A LOT.
26:58AND SOME PEOPLE WHO REMEMBER THOSE MOMENTS WILL SAY THAT THEY FELT BAD FOR LACHLAN
27:04AND THAT IT WAS AWKWARD FOR EVERYONE INVOLVED.
27:08BUT THE FACT THAT JAMES WAS SUCCEEDING STARTED A LOT OF SPECULATION
27:13INSIDE THE NEWSCORP HEADQUARTERS ABOUT WHETHER JAMES WOULD ACTUALLY
27:18OVERTAKE HIS OLDER BROTHER TO BECOME THE SUCCESSOR.
27:24ACHLAND, MEANWHILE, HAS BEEN LABORING IN THE CLAUSTROPHOBIC CONFINES
27:30OF THE NEW YORK NEWSCORP HEADQUARTERS WORKING AT FOX NEWS.
27:37HE'S THOUGHT OF AS QUITE LAZY BY SOME PEOPLE, AS QUITE ARROGANT BY SOME PEOPLE,
27:41AS QUITE PLEASED OF HIMSELF BY SOME PEOPLE.
27:45NOW, THAT MAY BE UNFAIR, BUT IT'S A RECURRENT STORY THAT YOU GET.
27:50BUT HIS WORDS CARRIED A CERTAIN AMOUNT OF WEIGHT,
27:53MAYBE A DISPROPORTIONATE AMOUNT OF WEIGHT, BECAUSE HE WAS THE BOSS'S SON.
27:59AND THERE WERE CERTAIN PEOPLE IN THE COMPANY, LIKE ROGER AILES,
28:04WHO REALLY RESENTED HOW MUCH RESPECT LACHLAN COMMANDED.
28:09THE IMPRESSION AT FOX AT THE TIME WAS THAT THEY WERE BABYSITTING,
28:16AND THEY DID NOT LIKE THAT.
28:19SO, LACHLAN KNEW THAT HE HAD TO PROVE HIMSELF AT A PRETTY SIGNIFICANT MOMENT FOR FOX NEWS.
28:30AN INCREDIBLE PLANE CRASH INTO THE WORLD TRADE CENTER HERE AT THE LOWER TIP OF MANHATTAN.
28:36ANOTHER PLANE JUST FLEW INTO THE SECOND TOWER.
28:419-11 AND A TERRORIST ATTACK ON THE UNITED STATES WAS A PERFECT MOMENT FOR FOX.
28:47YOU'RE EITHER WITH US AGAINST THE TERRORIST, OR YOU'RE WITH THE TERRORIST...
28:51THEY WERE TAKING ADVANTAGE OF A BROAD FEAR IN THE AMERICAN PUBLIC,
28:54AND HARNESSING IT AND RUNNING WITH IT.
28:57ROGER AILS PERSONALLY HAD AN AN ANTI-MUSLIM BIAS,
29:01AND THAT ATTITUDE SHOWED UP QUITE VIVIDLY ON AIR.
29:06PALESTINIANS DANCING IN THE STREET, HOW DID THAT MAKE YOU FEEL?
29:09THAT WAS THE DRUM THAT WE BEAT EVERY DAY, ALL DAY.
29:14IN THE DAYS AFTER 9-11, THERE WAS A PANIC ABOUT ANTHRAX BEING SENT AROUND
29:20TO VARIOUS GOVERNMENT OFFICERS AND MEDIA BUSINESSES.
29:24AS ALL AMERICANS KNOW, RECENT WEEKS HAVE BROUGHT A SECOND WAVE OF TERRORIST ATTACKS UPON OUR COUNTRY.
29:30DEADLY ANTHRAX SPORES SENT THROUGH THE U.S. MAIL.
29:33IN JUST A WEEK'S TIME, WE HAVE HAD FOUR CONFIRMED CASES OF ANTHRAX,
29:36ALL WITH MEDIA CONNECTIONS.
29:42AMERICA HAS ALWAYS STOOD FOR HUMAN FREEDOM.
29:44SO AMID THIS ENVIRONMENT WHERE EVERYONE IS ON HIGH ALERT,
29:49THE YEARLY AL SMITH DINNER HOST ROGER ALES.
29:54THAT ALSO HAPPENS TO BE THE NIGHT WHEN THEY LEARN THAT AN ENVELOPE FULL OF WHITE POWDER
30:00HAS BEEN SENT TO THE FOX OFFICE.
30:03THE FBI COMES IN, THEY IDENTIFY THAT IT IS ANTHRAX, THEY CLOSE OFF THE NEWSROOM.
30:10LACHLAN IS MANAGING IT UNDER ADVISEMENT FROM THE FBI AS A KIND OF WORKPLACE INCIDENT.
30:18ALES IS LOSING HIS MIND.
30:20HE'S, WE'RE UNDER ATTACK, WE'RE UNDER ATTACK.
30:22HE'S FREAKING OUT.
30:23ALES WANTS TO GO NUCLEAR.
30:25HE'S THINKING THIS IS BIG NEWS.
30:28AND DIRECTLY AGAINST THE ADVISE OF THE FBI, HE GOES PUBLIC.
30:33FOX NEWS IS UNDER ATTACK.
30:35ANTHRAX SPORES MAILED TO THIS BUILDING WHERE FOX NEWS CHANNEL SITS.
30:41LACHLAN FINDS OUT ABOUT THIS, STORMS DOWNSTAIRS TO CONFRONT ALES DIRECTLY.
30:47WHAT ARE YOU DOING?
30:48LACHLAN TRIES TO CALM ALES DOWN, BUT THEY END UP VERBALLY FIGHTING IN FRONT OF A HUGE NUMBER OF PEOPLE
30:57IN THE OFFICE.
30:58THIS IS NOT DONE TO ROGER ALES.
31:01HE WAS PROBABLY THE ONLY PERSON INSIDE NEWS CORPORATION THAT EVEN RUPERT WAS SCARED OF.
31:07ROGER ALES LETS RUPERT HAVE IT.
31:10I AM NOT GOING TO BE LECTURED BY YOUR CHILDREN.
31:13HE'S FURIOUS.
31:15AND IN THE END, RUPERT BACKS ROGER OVER LACHLAN.
31:21ULTIMATELY, HE'LL GIVE ALES A BRAND-NEW CONTRACT.
31:26SO RUPERT BASICALLY SENT THE MESSAGE TO LACHLAN THAT YOU'RE NOT TO CROSS ALES.
31:32YOU'RE SECOND FIDDLE HERE.
31:35LACHLAN IS INCREDIBLY FRUSTRATED, INCREDIBLY INSULTED BY ALL OF IT.
31:41AND ALSO IS STARTING TO REALIZE THAT EVEN THOUGH HE'S SUPPOSED TO BE THE HEIR APPARENT,
31:46THAT HIS DAD HAS NO INTEREST IN RETIRING ANYTIME SOON.
31:57HOW DOES HAVING A YOUNG FAMILY AGAIN AFFECT YOUR VIEWS ON RETIREMENT?
32:02YOUR OWN RETIREMENT, THAT IS.
32:04OH, IT DELAYS IT FOREVER.
32:05YEAH.
32:07AT THIS POINT, RUPERT AND HIS THIRD WIFE, WENDY DANG MURDOCK,
32:11HAVE TWO DAUGHTERS, GRACE AND CHLOE.
32:15THE OTHER CHILDREN WERE NEVER BIG FANS OF WENDY DANG.
32:20THEY WERE SKEPTICAL OF HER.
32:22OH, COME ON.
32:23AND JAMES AND LACHLAN SAW WENDY AS BEING TOUGH ON THEIR DAD,
32:29BUT WENDY WANTED HIM TO KEEP UP WITH HER.
32:36WENDY HAS HIM UNDER A SORT OF REGIMEN.
32:40HE IS ON A STRICT DIET OF GREEN JUICE, AND HE'S NOT ALLOWED TO HAVE DESERT.
32:46HE UNDERGOES HIS MAKE OVER.
32:48HE DYES HIS HAIR RED.
32:50HE STARTS WEARING A LEATHER JACKET.
32:53RUPERT GOES FROM THE UPPER EAST SIDE, ESTABLISHED STODGINESS,
32:57TO DOWNTOWN HIP.
32:59IT'S LIKE THE FOUNTAIN OF YOUTH FOR RUPERT.
33:02AND UNLIKE ANNA, WHO DIDN'T WANT ANYTHING TO DO WITH THE BUSINESS,
33:06WENDY WANTED TO KNOW WHAT WAS GOING ON IN THE COMPANY,
33:09AND WAS VERY INTERESTED IN IT.
33:11WENDY WENT EVERYWHERE WITH HIM,
33:13AND SHE'S BECOMING ALSO AN ADVISER TO THE COMPANY.
33:17SHE WAS VERY AMBITIOUS, AND SHE HAD A LOT OF HOPES FOR HER TWO DAUGHTERS.
33:23SHE SAYS THAT SHE WANTS HER OWN CHILDREN TO HAVE THE SAME STANDING AS RUPERT'S OTHER CHILDREN.
33:30WHERE DOES THAT STAND TODAY, SUCCESSION?
33:33WELL, THE TWO LITTLE GIRLS ARE TOO YOUNG TO CONSIDER THIS AT THE MOMENT.
33:36DO YOU CONSIDER THEM, YOU KNOW, YOU HAVE SAID, THEY'RE ALL MY CHILDREN.
33:39THEY'LL GET TREATED EQUALLY FINANCIALLY.
33:41HE GOES ON CHARLIE ROSE, AND THAT IS HOW HIS OWN CHILDREN LEARN
33:48THAT HE IS SLICING UP THE TRUST AND GIVING HIS TWO YOUNGEST CHILDREN
33:52AN EQUAL STAKE IN THE INHERITANCE.
33:56EACH OF THE FOUR ELDER CHILDREN GOT PAID $150 MILLION
34:00FOR AGREING TO INCLUDE GRACE AND CHLOE ON THE MURDERFAMILY TRUST.
34:05SO, RUPERT'S SIX KIDS HAVE AN EQUAL FINANCIAL STAKE,
34:08BUT ONLY THE FOUR ELDEST KIDS HAVE A VOTE.
34:12YOU RAN INTO SOME BOSE SALWOOD IN THE FAMILY BECAUSE OF THAT DECISION?
34:15WE'VE RESOLVED EVERYTHING VERY HAPPILY.
34:18IN FACT, IT SETS OFF A BOMB WITH THE OTHER KIDS.
34:22BUT HE DOESN'T APOLOGIZE FOR THIS AND RUNS ROUGHSHOD
34:27OVER THEIR FEELINGS AND THEIR DESIRES.
34:29WE'VE SEEN THIS HIS ENTIRE LIFE.
34:32WHEN RUPERT WANTS SOMETHING, HE WILL STOP AT NOTHING TO GET IT.
34:39OFTEN, THE MURDOCK FAMILY, THEY WOULD COME TOGETHER FOR CHRISTMAS OR THANKSGIVING
34:43ON RUPERT'S SUPER YACHT CALLED MORNING GLORY.
34:50JAMES HAD BEEN MARRIED TO HIS WIFE CATHERINE FOR A WHILE.
34:54AND CATHERINE REMEMBERS THESE LEGENDARY GAMES OF FAMILY MONOPOLY
34:59THAT THE MURDOCKS WOULD PLAY.
35:02ONCE, SHE CAUGHT RUPERT CHEATING AND CALLED HIM OUT ON IT,
35:08AND HE JUST KIND OF SMIRKED AND SHRUGGED.
35:11APPARENTLY, THIS WAS A COMMON FEATURE OF THEIR FAMILY MONOPOLY GAMES.
35:16AND THAT SORT OF TELLS YOU EVERYTHING YOU NEED TO KNOW ABOUT HIM.
35:22SO AFTER THE CHANGES TO THE TRUST, THE FAMILY IS DIVIDED.
35:26THERE'S A LOT OF TENSION.
35:27AND ESPECIALLY WITH RUPERT'S FAVORITE SUCCESSOR, LACHLAN.
35:33I THINK THERE ARE A LOT OF THINGS GOING ON IN LACHLAN'S HEAD AT THAT POINT.
35:37AND HE WAS STILL FEUDING WITH ROGER ALES.
35:42ALES WANTS TO GET FOX TELEVISION TO BACK A NEW SERIES CALLED CRIMELINE,
35:48HOSTED BY GERALDO RIVERA.
35:50LACHLAN SAYS IT'S TOO EXPENSIVE, AND HE BLOCKS IT.
35:54ROGER GOES DIRECTLY TO RUPERT.
35:57RUPERT REASSURES HIM AND SAYS, DON'T WORRY ABOUT THE BOY.
36:03DON'T WORRY ABOUT THE BOY. DO THE SHOW.
36:06IT WAS A CLASSIC MURDOCK MOMENT, BUSINESS OVER FAMILY.
36:10LACHLAN WAS IN THE AIR ON HIS WAY BACK TO AMERICA FROM AUSTRALA,
36:14AND FOUND OUT ABOUT IT WHEN HE LANDED.
36:19HE FELT BETRAYED.
36:22RUPERT HAD BACKED ROGER OVER HIM AGAIN.
36:28LACHLAN HAD TRIED TO BE THE GOOD SON AND THE LOYAL DEPUTY,
36:33BUT EVERY TIME HE TRIED TO MAKE A DECISION THAT ONE OF THE OTHER EXECUTIVES DIDN'T LIKE,
36:39THEY WOULD JUST GO OVER HIS HEAD TO RUPERT, AND RUPERT WOULD OFTEN OVERRULE LACHLAN.
36:43SO I THINK FOR LACHLAN, THE PROXIMITY TO HIS DAD ENDED UP BEING BAD FOR HIS PLACE IN THE SUCCESSION
36:52RACE.
36:53THERE WAS SOME SURPRISE NEWS OUT OF RUPERT MURDOCK'S NEWS CORP OVERNIGHT,
36:57WITH HIS ELDER SON, LACHLAN, QUITTING HIS JOB AS AN EXECUTIVE.
37:00LACHLAN MURDOCK WILL REMAIN ON THE NEWS CORPORATION BOARD,
37:03BUT PLANS TO RETURN HOME TO AUSTRALIA AND PURSUE AN INDEPENDENT CAREER.
37:07SO NOW, LIZ AND PRUDENCE WERE OUT OF THE RUNNING TO BE AIR APPARENT,
37:13AND AFTER LACHLAN RESIGNS IN A HUFF, MOVES BACK TO AUSTRALIA,
37:20JAMES IS THE ONLY VIABLE SUCCESSOR LEFT.
37:27JAMES MURDOCK HAS BEEN GIVEN A MUCH LARGER ROLE OVERSEEING ALL OF NEWS CORP'S EUROPEAN AND ASIAN OPERATIONS.
37:3330-YEAR-OLD JAMES MURDOCK WAS APPOINTED THE NEW CEO OF SKY TWO WEEKS AGO.
37:38EVERYONE WANTS TO SEE THE VALUE OF THE COMPANY GROW, AND THAT'S WHAT WE'RE GOING TO WORK TO DO.
37:43JAMES'S PROMOTION WAS PRETTY CONTROVERSIAL.
37:46THERE WERE HOWLS OF NEPOTISM AND OUTRAGE THAT RUPERT'S RELATIVELY YOUNG SON
37:51WAS GOING TO BE ENTRUSTED WITH THIS CROWN JEWEL OF BRITISH BROADCASTING.
37:58ON TOP OF THE FACT THAT THIS WAS THE JOB THAT LIZ HAD BEEN AFTER.
38:05I'LL TELL YOU THAT JAMES, I MET WITH HIM IN LONDON, HE WAS SO ARROGAN.
38:10MASTER OF THE UNIVERSE KIND OF VIBE.
38:13AT THIS POINT, EVEN THOUGH HE HASN'T GONE TO BUSINESS SCHOOL, HE STARTS TALKING LIKE HE WENT TO BUSINESS SCHOOL.
38:19THE ABOLITION OF MEDIA BOUNDARIES IS A TRUMPET CALL TO EXPANSION, TO DO MORE.
38:28JAMES STARTS TO AFFECT A PUBLIC PERSONA THAT A LOT OF PEOPLE AROUND HIM SUSPECTED WAS MODELLED AFTER RUPERT.
38:36HE ENCOURAGES ALL OF HIS EMPLOYEES TO CALL THEMSELVES PIRATES.
38:40SO IN HIS LONDON OFFICE, HE HAS A LIFESIZED STATUE OF DARTH VADER AND TALKS ABOUT THEM RUNNING THE DEATH
38:49STAR.
38:51HE IS A GOOD AMBASSADOR FOR HIS FATHER, AND HE'S ALSO MAKING THE CASE THAT I CAN BE THE BRASH
38:57DISRUPTOR.
38:58I CAN BE THE BOLD NEW FORCE, JUST AS YOU ONCE WERE.
39:03THE IRONY IS THAT THE MORE HE SEEMED TO ACT LIKE RUPERT, THE MORE RUPERT FELT ALIENATED BY JAMES.
39:13BUT ALSO, WE LOOK FORWARD TO THE GOVERNMENT'S INPUT...
39:16JAMES BEGINS TO CULTIVATE HIS OWN INNER CIRCLE.
39:19HE STARTS DINING WITH PRIME MINISTERS AND COZYING UP TO THE LIBERAL, RESPECTABLE ESTABLISHMENT.
39:25HE WANTED TO MODERNIZE AND RUN THIS COMPANY BY WHAT HE CONSIDERED TO BE THE BEST PRACTICES AND STANDARDS.
39:34SO HE WAS GOING TO FIRE THE MORE TOXIC EXECUTIVES AND EMPLOYEES AND EMPHASIZE HUMAN RESOURCES AND START TO LISTEN
39:43TO THE LAWYERS MORE.
39:45ALL OF THIS REALLY RUBBED RUPERT THE WRONG WAY.
39:49HE WAS REALLY SUSPICIOUS OF JAMES TRYING TO COZY UP TO THE ESTABLISHMENT.
39:55IT KIND OF MAKES RUPERT REGRET THAT HE DOESN'T HAVE LACHLAN AROUND.
40:04AFTER BEING FORCED OUT BY ROGER ALES, LACHLAN IS IN AUSTRALIA WITH HIS TAIL BETWEEN HIS LEGS.
40:11HE WAS STILL ON THE NEWS COOPERATION BOARD.
40:14THE PROFIT MOTIVE IS NOT ONLY FUNDAMENTAL...
40:17BUT HE WAS DOING HIS OWN THING, LOOKING TO MAKE BIG INVESTMENTS FOR THE COMPANY.
40:21HE WAS KIND OF HUMILIATED, BUT HE STILL WANTS TO EMULATE HIS FATHER.
40:26THE QUESTION IS, HOW GOOD A BUSINESSMAN IS LACHLAN?
40:30ONE OF THE THINGS THAT'S POWERING NEWSPAPERS AT THE TIME IS CLASSIFIED ADS.
40:34BUT IT'S QUITE CLEAR THAT THE NEWSPAPERS ARE FADING AND THE INTERNET IS GOING TO TAKE ALL THE ADVERTISING REVENUE
40:39AND REAL ESTATE ADS IN PARTICULAR.
40:43SO LACHLAN SAYS WE NEED TO GET A SHARE OF THAT.
40:47AND SO WHEN REAL ESTATE.COM COMES ALONG, HE BUYS IT.
40:51THIS IS CLEARLY A GREAT DEAL.
40:54AND IT'S A GREAT DEAL FOR EVERYONE INVOLVED.
40:56IT'S WIN-WIN-WIN.
40:58THE DECISION TO INVEST IN REAL ESTATE.COM.AU
41:01THE DECISION TO MAKE THE FAMILY BILLIONS OF DOLLARS.
41:04AND IT BECOMES THE MOST VALUABLE PROPERTY IN THE NEWSCORP BUSINESS IN AUSTRALIA.
41:09I THINK THEY ONLY PAID $10 MILLION.
41:11IT'S NOW WORTH MORE THAN A BILLION.
41:14BY TAKING HIMSELF OUT OF THE RUNNING AND MOVING BACK TO AUSTRALIA TO SET UP HIS OWN SHOP AND START
41:19BUILDING HIS OWN LITTLE MEDIA EMPIRE,
41:23LACHLAN BECOMES MORE DESIRABLE TO HIS FATHER AS A SUCCESSOR.
41:27I THINK THAT HIS DAD KIND OF WANTS WHAT HE CAN'T HAVE.
41:32MR MURDOCK, THE MARKET'S WONDERING ABOUT YOUR SUCCESSION.
41:35YOU SAID THIS WEEK THAT VIRTUALLY YOU'LL DIE IN THE SADDLE, BUT YOU OBVIOUSLY HAVE TO THINK OF IT.
41:40IT WOULD BE VERY NICE.
41:41IT'S EVERY FATHER'S NATURAL DESIRE TO SEE, I THINK, HIS CHILDREN FOLLOW HIM IF THEY'RE UP TO IT.
41:47AND WE'LL HAVE TO SEE HOW THEY WORK IT OUT.
41:50BUT I HOPE NOT FIGHT IT OUT, BUT I HOPE HE'LL BE AROUND FOR A FEW MORE YEARS.
41:57RUPERT IS NOT A PERSON WHO LIKES TO TALK ABOUT HIS DEATH.
42:02BUT NOW HE'S 94 YEARS OLD, AND HE'S CLEARLY PREPARING FOR ONE DAY WHEN HE EVENTUALLY PASSES.
42:11AT THIS POINT, LIZ, JAMES, AND PRUE SHARE CONCERNS ABOUT THE DIRECTION OF THE COMPANY.
42:18GOOD MORNING, MR MURDOCK!
42:20RUPERT SEES FOX AS HIS LEGACY.
42:23AND HE'S CONVINCED THAT LACHLAN IS THE ONLY ONE THAT WILL CARRY ON WHAT HE BUILT.
42:29AT THE SAME TIME, LACHLAN'S LOOKING OVER HIS SHOULDER, WORRIED THAT AFTER HIS FATHER DIES, THERE COULD BE A COUP
42:36AND HE COULD BE PUSHED ASIDE.
42:39SO RUPERT AND LACHLAN START LOOKING INTO THE MURDOCK FAMILY TRUST.
42:43IF RUPERT DOESN'T GET THE TRUST BUILT AROUND LACHLAN, IT'S OVER.
42:48THEY WANT TO FIGURE OUT, IS THERE A WAY TO POKE A HOLE IN THIS TRUST?
42:54AND WHAT THEY FIND IS THERE ACTUALLY IS A WAY, AS LONG AS IT WAS SOLELY FOR THE BENEFIT OF
43:00ALL OF THE HEIRS.
43:01THE SIMPLEST WAY TO UNDERSTAND IT IS THE TRUST HAD EIGHT VOTES, FOUR CONTROLLED BY RUPERT, ONE CONTROL BY EACH
43:11CHILD.
43:12SO RUPERT COULD NEVER BE OUTVOTED, BUT NO CHILD COULD BE IN CONTROL WHEN RUPERT DIED.
43:16SO RUPERT AND LACHLAN WANT TO CREATE TWO NEW ENTITIES THAT WILL CONTROL THE TRUST.
43:24AND THOSE ENTITIES WILL BE ABLE TO OVERRIDE THE ONE THAT EXISTS CURRENTLY.
43:29THEY'RE KEEPING IT SECRET FROM ALL THE OTHER CHILDREN.
43:33AND THEY'RE GOING TO DO IT UNDER A CRAZY CODE NAME, PROJECT FAMILY HARMONY.
43:39YOU HAVE NAMED YOUR PLAN TO TAKE THE VOTING RIGHTS OF THREE CHILDREN AWAY FROM THEM, PROJECT FAMILY HARMONY.
43:47I MEAN, JUST MIND-BLOWING.
43:52THERE WAS A PERIOD OF A FEW WEEKS AND THEN
43:57JAMES GOT AN INVITATION TO JOIN A ZOOM CALL FOR A SPECIAL MEETING ON THE FAMILY TRUST.
44:04HE DID NOT KNOW WHAT THIS MEETING WOULD BE ABOUT.
44:07HE HAD NO REASON TO BELIEVE THERE WAS ANY NEED TO MEET ABOUT THE FAMILY TRUST.
44:13JAMES WAS COMPLETELY BLIND-SIGHTED BY THIS.
44:17THEN HIS MANAGING DIRECTOR RECEIVED AN AGENDA.
44:21HE CALLED JAMES AND SAID, YOU NEED TO LOOK AT THIS.
44:27YOUR DAD IS MAKING A MOVE FOR THE ENTIRE EMPIRE.
44:31ABOUT A WEEK AFTER THAT, THE MURDOCK FAMILY GET ON THE ZOOM.
44:38THERE'S A LOT OF TENSION IN THE ROOM.
44:40YOU HAVE JAMES AND HIS TWO SISTERS, PRUDENCE AND LIZ,
44:44AND HIS OLDER BROTHER, LACHLAN.
44:48AND YOU HAVE RUPERT SURROUNDED BY A HUNDRED LAWYERS.
44:53HE STARTS JUST KIND OF ROBOTICALLY READING FROM THIS SCRIPT.
44:57HE TELLS THEM, I'M GOING TO CHANGE THE FAMILY TRUST.
45:00YOU'LL STILL HAVE YOUR SHARES, BUT YOU'LL HAVE NO VOTING POWER.
45:04YOU'LL HAVE NO ABILITY TO MAKE DECISIONS.
45:11IT'S JUST GONNA BE LACHLAN WHO HAS CONTROL.
45:15SO THE MEETING DOES NOT GO PARTICULARLY WELL.
45:17THERE'S SHOUTING, THERE'S YELLING.
45:20IT BECAME VERY EMOTIONAL.
45:22JAMES CAN'T BELIEVE HIS FATHER IS SAYING THIS.
45:26THAT HE WAS WILLING TO DO SOMETHING SO PROVOCATIVE AND SO HARMFUL.
45:31THIS IS WHAT HAD BECOME OF HIS FAMILY.
45:35RUPERT SAYS, YOU WOULD COME IN.
45:37YOU WOULD CHANGE THIS COMPANY.
45:39YOU WOULD TAKE IT TO THE LEFT.
45:41THAT'S THE GOLDEN GOOSE YOU'RE PLAYING WITH.
45:43YOU NEED TO GO ALONG WITH THIS.
45:45IT'S GOOD FOR ALL OF YOU IN SPITE OF YOURSELVES.
45:48WHAT'S NOTABLE IS THAT LACHLAN IS SILENT.
45:51WHEN, OF COURSE, HE HAD HELPED ARCHITECT THE WHOLE THING.
45:55LIZ CAN'T CONTAIN HERSELF.
45:57SHE SAYS, HOW ARE YOU GOING TO GET CONSENSUS WITH A GUN TO OUR HEADS?
46:01IT WAS BRUTAL.
46:04IT'S TOTAL WAR.
46:36IT'S BEEN FACILITIES.
46:38YOU WHERE YOU CAN PART OF
46:39OUR ENVIRONMENT SAINT?
46:45IT'S BEEN FURßen Const quella QUE Ger Bilenden.
46:47HERE'S heh annoyed!
46:53ANY SEPARATE OR SEPARATE AND CON work on THE GOING TO laINE.
46:58YOU CAN PARTY, ELETURE CEST STAга.
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