Author Michael Wolff discusses the end of the Murdoch Empire, Succession TV series portrayal, uncertainties of Fox News, decline of Murdoch's newspapers, Rupert Murdoch's relationships, and speculation on the future of his media empire.
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Quick takeaways
The podcast discusses the rise and fall of Sam Bankman Fried, who became the world's youngest billionaire before experiencing a catastrophic financial collapse.
The podcast explores the relationship between Rupert Murdoch and the depiction of the Murdoch family in the TV series 'Succession', highlighting the differences and complexities of their real-life dynamics.
Deep dives
The Rise and Fall of Sam Bankman Fried
The podcast episode discusses Michael Lewis's most anticipated work, 'Going Infinite: The Rise and Fall of a New Tycoon'. It tells the gripping real-time narrative of Sam Bankman Fried, who became the world's youngest billionaire before his 30th birthday and was behind one of the most catastrophic financial meltdowns of the 21st century. Lewis had unprecedented access to Bankman Fried, allowing him to witness the entire tumultuous journey of this unconventional figure. The podcast explores the outstanding ability that Bankman Fried had to make money and delves into the factors that led to the spectacular collapse of his empire.
The Murdoch Empire and Succession
The podcast delves into the relationship between Rupert Murdoch and the portrayal of the Murdoch family in the TV series 'Succession'. It highlights the differences between the characters in the show and their real-life counterparts. Unlike the mogul-like figure depicted in the show, Rupert Murdoch himself is described as introverted and conflict-averse. The podcast also explores the dynamics of Murdoch's relationship with his children, who possess an enmity towards each other that surpasses that of the fictional characters in 'Succession'. It delves into the complexities of Murdoch's devotion to his children, despite their ambivalence towards him.
The Impact of Fox News on the Murdoch Empire
The podcast delves into the significance of Fox News in the Murdoch Empire, discussing its importance in American politics and its role in giving rise to Donald Trump. While Rupert Murdoch was not particularly interested in or involved with Fox News, it became hugely successful and influential, generating significant revenue for the empire. However, with the departure of Roger Ailes and the subsequent control of the network by Donald Trump, tensions arose. Murdoch's dislike for Trump conflicted with the preferences of the Fox News audience. The podcast explores the challenges faced by Murdoch in navigating this situation and the potential future of Fox News and the Murdoch Empire.
Until recently, the Murdoch's formed the most powerful media and political force in America. Now their empire is cracking up and crashing down. Michael Wolff the acclaimed author of a trilogy of books about the the chaotic Trump presidency and the biographer of Rupert Murdoch comes to Intelligence Squared to discuss this real life Succession with Justin Webb.
The episode was produced and edited by Conor Boyle