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Apple News Today

What the Murdoch family drama means for Fox News

12 Dec 2024

Description

On today’s show: NPR’s David Folkenflik explains why Rupert Murdoch’s bid to consolidate control of his media empire failed. Nancy Youssef with the Wall Street Journal describes what we know about Austin Tice, an American journalist and Marine veteran who’s been held captive in Syria for more than a decade. Bobby Brier with NJ Spotlight News reports on a New Jersey bill that would offer paid time off after the loss of a child. Plus, President Biden grants the largest single-day clemency in modern history, the FBI director announces his intention to resign, Trump picks Kari Lake to lead Voice of America, FIFA selects Saudi Arabia to host the 2034 World Cup, and Bill Belichick returns to coaching. Today’s episode was hosted by Shumita Basu.

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Transcription

Full Episode

5.046 - 26.444 Shumita Basu

Good morning. It's Thursday, December 12th. I'm Shamitha Basu. This is Apple News Today. On today's show, the effort to find an American journalist believed to be imprisoned in Syria for more than a decade. A bill to expand bereavement leave to include pregnancy loss. And FIFA makes a controversial pick to host the 2034 World Cup.

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34.093 - 58.465 Shumita Basu

But first, to a bitter family feud over the future of an American media empire. Earlier this week, a court in Nevada denied a request from Rupert Murdoch, the magnate who controls Fox News and several other conservative outlets, to change his family trust and consolidate power of the company under his son Lachlan. David Folkenflik is NPR's media correspondent, and he's written a book on Murdoch.

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59.13 - 76.966 David Folkenflik

So here he is at the age of 93, stepping into an obscure probate court in Reno, Nevada, away from the national spotlight and glare to say, you know, that irrevocable trust, I pretty much want to revoke it and I want to rewrite it. And Lachlan's going to be my guy.

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77.847 - 99.109 Shumita Basu

He explained to us this isn't really about money, as most inheritance fights tend to be. It's about which kid Murdoch trusts to maintain the right-wing slant of his media empire after he dies. For years, he has effectively made his four oldest children vie for his affection, respect, and perhaps most importantly, the opportunity to take over his businesses.

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99.89 - 120.098 Shumita Basu

The way the trust is laid out now, power will be split evenly between them after Murdoch dies. It was an agreement that came out of a divorce settlement with Murdoch's second wife, and it's ironclad. But over the years, his eldest son, Lachlan, gained favor with the father. Folkenflik told us he may in fact be even more conservative than Murdoch.

120.618 - 128.181 Shumita Basu

And together, they tried to argue in court that the three other siblings, James, Elizabeth, and Prudence, would soften the Fox News ideology.

128.945 - 153.742 David Folkenflik

Rupert and Laughlin were arguing that in order to serve the financial interests best of the rest of the family, they need to consolidate control in one person. Some sort of divided brain trust doesn't work. And furthermore, that Fox News and Fox more generally and the other holdings needed to retain their conservative outlook. And particularly in the case of Fox, it's far right outlook that

154.162 - 163.166 David Folkenflik

its adamantly pro-Trump stance in order to retain the connection with the audiences that yielded such huge profits for Rupert and for his family.

163.867 - 165.888 Shumita Basu

That argument did not fly in court.

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