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Transcripts For BBCNEWS Verified 20240703

Lachlan has congratulated his father on what he calls his remarkable 70 year career. I can speak now to brian stelter. Hes a Special Correspondent at vanity fair and has also written a book on the murdochs and donald trump, network of lies, due out later this year. Hejoins me now from new york. You are a font of knowledge when it comes to the us media. Lets start by getting your reaction to this news. In by getting your reaction to this news. ,. ,. , , by getting your reaction to this news. ,. ,. , by getting your reaction to this news. , news. In some ways this was inevitable. News. In some ways this was inevitable. Yes, news. In some ways this was inevitable. Yes, rupert news. In some ways this was inevitable. Yes, Rupert Murdoch always said he would never retire. His son lachlan said his dad would never retire. His companies have been shrinking over the years and struggling against the Media Headwinds that all Media Companies are facing. For example, streaming and the struggles of n

Transcripts For BBCNEWS Verified 20240703

To the announcement. In some ways this was inevitable. Yes, Rupert Murdoch always said he would never retire. His son lachlan always said his dad would never retire. But his companies have been shrinking over the years and struggling against the Media Headwinds that all Media Companies are facing. For example, streaming and the struggles of newspapers. So Rupert Murdoch is not the swashbuckling feared and reviled media mogul that he once was that he was for decades. He was strangely passive in recent years as his Fox News Network in the us promoted lies about voter fraud in 2020. He seemed to be more like the passenger, rather than the driver he seemed more like the passenger than the captain of the ship. And so i think todays announcement confirms and signifies that. Weve just had a statement from Lachlan Murdoch, who says, On Behalf Of The Fox and news corp boards of directors, Leadership Teams and all the shareholders whove benefited from his hard work, i congratulate my father on h

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