Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.
News has surfaced that Rupert Murdoch is stepping down as 21st Century Fox CEO, handing the reigns to his son, James.
Gabe Sherman, writer from New York Magazine, spoke about the effects of this transition.
This change is part of a long term succession plan that Rupert Murdoch has to keep the business in the family. This is the capstone of the dream he has, which is to have his children replace him. This is just the latest chapter. It also won't be the last.
When asked if Murdoch's sons are cut of the same cloth:
In some ways yes, but in other ways, they are very different. James is considered center, even left. He believes in climate change and thinks of himself as a new age executive. However, he won't mess with what brings in $1 billion dollars a year, which is the FOX News Channel.
Click on the blue player above to listen to the interview.