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>> sole owner of 20th century fox. >> wasn't one of his children to succeed him, but he doesn't say when, who and how. it's 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, it's a big deal. it's 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. >> it was a beautiful day. and not long after the race began there was a line of clouds. like a bl...

>> 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 didn't 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 ...

>> if i didn't 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 doesn't say when, who and how. it's going to have to be fought out between them. >> two minutes till the official start of the race, and there the boats looking like -- >> the sydney hobart race in australia, it's...

>> you always worry. i think about the unexpected that could happen, what could bring all this tumbling down. >> boats would head into the waves and they'd sort of climb up and then they'd go launching off the top of the wave and hurtling down. >> certainly, one has to remain slightly paranoid about what could go wrong and be ready -- and try to be ready for it. >> freak hurricane force winds whipped up 40-foot waves, capsizing helpless boats. >> four crewmen are confirmed dead, while a massive search and rescue operation has been called off for two more yachtsman missing since sunday. >> in t...

Clouds. like a black wall. there were wind gusts of close to 100 miles per hour. and the waves were enormous. >> is there anything you fear in life? >> you always worry, i think, about the unexpected that could happen. it could bring all this tumbling down. >> the boats would head into the waves and they'd stort of climb up, and then they'd go launching off the top of the wave and hurtling down. >> certainly one has to remain slightly paranoid about what could go wrong and try to be ready for it. >> freak hurricane-force winds whipped up 40-foot waves, capsizing helpless boats.