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>> sole owner of 20th century fox. >> wasnt one of his children to succeed him, but he doesnt say when, who and how. its going to have to be fought out between them. >> two minutes to the official start of the race. there are the boats. >> the race in australia, its a big deal. its a kind of their super bowl. lachlan had done a lot of sailing and he eagerly signed up for the 98 race. >> 54th race. >> he sailed onboard the boat "sayonara." >> up on the high side there, getting out. >> i...

>> multimillionaire rupert murdoch is at the center of a journalistic empire, and he clearly is in the united states to stay. >> rupert murdoch is emerging as the biggest newspaper baron the world has ever known. >> if i didnt know what sensationalism was, i would soon find out. >> more journalists, more publishers should be in television. >> nobody was thinking as big as rupert murdoch. >> the largest single broadcast station transaction in history. >> murdoch has become sole owner of...

>> if i didnt know what sensationalism was, i would soon find out. >> more journalists, more publishers should be in television. >> nobody was thinking as big as rupert murdoch. >> the largest single broadcast station transaction in history. >> murdoch has become sole owner of 20th century fox. >> rupert has laid out that he wants one of his children to succeed him, but he doesnt say when, who and how. its going to have to be fought out between them. >> two minutes till the official st...

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Somebody who might help his father translate that. >> the funny thing about james is he very quickly kind of takes on an mbas demeanor. were a public company, we have lots of shareholders, and we have a board thats ultimately going to decide. >> he becomes this incredibly corporate guy who sounds like hes swallowed a business dictionary. >> and im really focusing on executing the strategy here going forward. >> and yet, he starts to operate in ways that impress some of his colleagues. he seems c...

In the murdoch family to understand. he is artistic, independent, a rebel of sorts. >> james is in this new media sphere. he is trying to be about the future. >> as the internet explodes in the mid 90s, james identified somebody who might help his father translate that. >> the funny thing about james, he quickly kind of takes on an mbas demeanor. >> we are a public company. we have a lot of shareholders and the board will decide. this incredibly corporate guy. >> i am focused on executing the st...

>> and yet, he starts to operate in ways that impress some of his colleagues. he seems competent, which i think surprised some people. >> our speaker today comes with an impressive list of executive responsibilities for publishing, newspaper and broadcasting operations as long as your arm. >> lachlan had the personality of a politician. you know, a hail fellow well met, i vote for that guys, warm guy. >> i know ive got a baby face but im actually 28 years old. my birthday last week. >> lachlan w...