Rupert Murdoch Steps Down As Fox Chairman — What It Means and Doesn't Mean
Rupert Murdoch Steps Down As Fox Chairman — What It Means and Doesn't Mean
Rupert Murdoch Steps Down As Fox Chairman — What It Means and Doesn't Mean
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Well, it's breaking news as I record this at about 0930. | |
9.30 in the morning on Thursday, September the 21st is breaking news. | |
Breaking news, but not really. | |
Rupert Murdoch is stepping down. | |
Stepping down as Fox chairman. | |
Stepping down. | |
It's over. | |
It's done. | |
He's done. | |
Rupert is gone. | |
Rupert Murdoch of the Roger Ailes era. | |
Rupert Murdoch who has done more to shape not only media as we know it, but... | |
Legendary. | |
The inspiration for succession. | |
And what does this mean? | |
What does it not mean? | |
How not to read too much into it? | |
And also, why this really is no big deal and how everybody's known this was coming. | |
But yet it is a shock. | |
It's like, for example, it's almost, I hate to say it, it's almost like the death of a relative or a parent. | |
You knew it was going to happen, but when it happens, you can't believe because it means this is the end. | |
Of something that at its peak was great and dangerous and fun and no more. | |
Let me explain. | |
But first, my friends, please like the video, subscribe to the channel. | |
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Let's get into this. | |
As I'm a vulpine expert of a pertain to foxes, for those of you who are... | |
So inclined. | |
This is one of the most important issues there is. | |
There has not been, in my adult life, well, let me rephrase this. | |
There are a few instances where an organization made so much of a difference or so much of an impact. | |
CNN in the 80s. | |
CNN was something cable. | |
Cable, but CNN News was something so incredible, so phenomenal, it actually went 24 hours. | |
And it was considered at the time the best, if anything happened, you went to CNN, and look what happened to that. | |
Did that happen because of negligence? | |
Did that happen because of a change of times? | |
Who knows? | |
It's a combination of everything. | |
Everything has a shelf life. | |
But also, everything changes. | |
Because remember something right now. | |
Do not lose your mind in all of this. | |
Communications and news will never go out of business. | |
Communications and news will never go out of business. | |
There's no such thing as that. | |
Let me just make that very, very clear. | |
It'll never go out of business. | |
There will always be a platform, a commercial venue, a commercial... | |
Relevance, if you will, for news. | |
News with advertising and the like. | |
Cable's a different story. | |
Cable has subscribers. | |
Cable is subscription-based. | |
You basically make your money ahead of time, and everything else is kind of sort of gravy to an extent. | |
But there was something right now that people forget. | |
I was there. | |
I was there at WABC, at the ascendancy, at the zenith. | |
of Rush Limbaugh and I came into talk radio during the nascent period where conservative talk grew into this Goliath that it was on terrestrial stick radio and the like. | |
I was there when there was this consolidation of Reagan and Rush and where Conservatism in Buckley was cool. | |
And Roger Ailes is the paterfamilias of this. | |
Roger Ailes was the genius. | |
Roger Ailes created the notion of narrowcasting. | |
Not necessarily broadcasting, but giving people the source, the site, the go-to area for news they want to hear. | |
Narrow casting, not broadcasting. | |
Roger Ailes purportedly said one time when someone was asked, do you think people should be licensed to be a journalist? | |
He responded with, you only need a license to cut hair. | |
Roger Ailes was the one who met with Nixon, and Roger Ailes was a genius. | |
Roger Ailes, by the way, not to spend too much time on him, he also had rather boorish, sexually inappropriate ideas about women's places. | |
You know what? | |
I'm not excusing it, but there was a time, it was a madman era, it was a different time. | |
But he created everything. | |
He picked up on this and he created a juggernaut. | |
An absolute juggernaut. | |
This is the most important, critically, critically, critically, critically important aspect to understand. | |
Now, what is happening right now? | |
Fox News. | |
Has changed for a variety of reasons with his two sons and purportedly their more leftist and progressive spouses and the like. | |
They have gotten away with this. | |
The newer generation does not see the need for this. | |
And there was a conflation of events from Dominion to Hannity and, by the way, his ascendancy, say what you want. | |
They're blaspheming him in this new book that is supposedly out, which I don't believe any of it. | |
Don't ever, ever, whatever you think of him, this man was a genius. | |
He's still there. | |
Anybody who follows Rush and Bill O 'Reilly, this is smart. | |
But the era of Tucker. | |
Tucker was the... | |
Tucker was the... | |
The straw that broke the camel's back. | |
Tucker was that one little moment. | |
Tucker was that... | |
Not that he did anything wrong. | |
Not that he did anything wrong, but sometimes things just change. | |
There are these moments. | |
There are Milli Vanilli moments. | |
There are moments when somebody is caught off camera. | |
There's the Jimmy the Greek moment. | |
They have nothing to do with Tucker, but these individual moments that resonate for... | |
Ever. | |
I'm telling you right now, believe it or not, this Russell Brand moment is going to blow up as well. | |
It's a different world now. | |
And the best part about this, the most interesting, is that this opens up channels for, I believe, what is going to be raw, like raw milk, unpasteurized, unedited, unexpurgated, unconditionally brutal and wonderful raw. | |
Citizen, civilian, alternative and foreign platforming. | |
Of news, of information, of dialogue. | |
Doing it the way citizens want to do. | |
With their own production teams. | |
Their own view of what's important. | |
Ah, some good, some not. | |
Whatever it is. | |
This is the Wild West. | |
This is the most important. | |
Now, if I was one of the Murdoch sons or Rupert Murdoch, I'd probably do the same thing. | |
At the level... | |
Of the mountain that they are currently at as we speak, people are telling them, look, we understand the whole globalist world. | |
We understand that in order to maintain our dynasty, we have to have sports and NFL and NASCAR and that's where the money is. | |
Not in these little snipings of people talking about vaccination and misinformation and racism and sexism. | |
Not only that, this place was nothing but a sexual harassment, racism, sexism, flypaper. | |
It was a magnet. | |
I can't believe the number of lawsuits. | |
What was this place? | |
Who knows? | |
I'll let other people determine that one. | |
It's a new era. | |
It's over with. | |
When Dressed Down Fridays went from this rare occasion to the norm, when all of a sudden people could say certain things on the air, when CRT entered the fray, life, world, societies, all change. | |
Look at the NBA today compared to Bob Cousy's time. | |
Everything has to change. | |
Change is not necessarily better. | |
Sometimes change is metastatic. | |
Sometimes change is dangerous. | |
But this was coming. | |
Rupert Murdoch is to be honored. | |
What he did was... | |
My God, if there's anything that human beings are made to do, it's... | |
To convey information and convey ideas and convey messages and themes. | |
What he did, Fox at its height. | |
Fox, I respectfully submit still, is a political party. | |
Fox is the GOP. | |
It is. | |
Say what you want. | |
And I don't watch it. | |
That doesn't matter. | |
The reason I'm telling you this is I'm saying this not as some sycophantic fan. | |
I'm not. | |
But I respect what it is. | |
There are hip-hop performers I couldn't listen to for a second. | |
But I respect the impact they have. | |
There are things that I understand that occurred societally, historically, that I wasn't a big fan of. | |
Some aspects of disco. | |
Disco was monumental when it was. | |
You have to look at things within the context and in the particular prism of what it meant. | |
Rupert Murdoch, say what you want. | |
Say whatever you want to think about him and his life. | |
I don't care. | |
What he did will maybe will never be done again. | |
You may not see this. | |
The zeitgeist may be, for people at these levels of corporate hierarchy, to say, enough with this. | |
This is too fraught with minefield. | |
Let's just go to the easy thing. | |
Let's go to NASCAR and NFL. | |
Don't worry about that. | |
Let's go to game shows. | |
That's what people want. | |
That's where the money is. | |
This was great then. | |
It was a different world then. | |
When I was in talk radio initially, there were no liberal posts. | |
There was no such thing. | |
One time, Bill Clinton on Air Force One actually said something to the effect of, why can't we have a Rush Limbaugh or something to that? | |
And they were talking about bringing back the Fairness Doctrine. | |
And thus came Air America, which was a nice idea, but they forgot one thing about doing radio is it's radio first and foremost. | |
But I don't want to get too much off the subject. | |
Rupert Murdoch. | |
Rupert Murdoch, I say I salute you in terms of the absolute value. | |
The magnitude of Rupert Murdoch. | |
Forget his politics. | |
Forget everything else. | |
You may not like him. | |
That's not the issue. | |
It's almost like when Time Magazine picks man of the year or person of the year. | |
It's not necessarily people that you think are laudable. | |
It's the absolute... | |
Remember in the math, the absolute value. | |
The absolute value. | |
It was the magnitude. | |
Minus four. | |
And four have an absolute value of four. | |
Direction means nothing. | |
It's magnitude. | |
That's Rupert Murdoch. | |
I'd love to see what you have to think. | |
I'd love to see what you have to say about this. | |
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Exceedingly important. | |
I don't have to tell you that. | |
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All right, dear friends. | |
Thank you so much for watching. |