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Hey ladies and gentlemen, this is Carmine Sabia for Explain America and we have massive breaking news from Fox News
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The state of the entire cable news industry has just changed forever
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Before we get started, please make sure that you like comment share and subscribe
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Those little things really help us out and they help our channel continue to grow
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So Fox News has just lost their top guy their head man the man who brought it all to the dance
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Rupert Murdoch the CEO or former now CEO of Fox News and News Corp
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Has stepped down as the head of those two organizations ceding control of them to his son Lachlan Murdoch. This is it's hard to
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It's hard to overestimate exactly what a game changer this is for the news industry as a whole
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Fox News with Rupert Murdoch in charge Completely changed the game in the news industry
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before Rupert and Fox News and News Corp came along The news was even more in our opinion left-leaning than it is today
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There was really no place for conservatives to go to get the news that they want it
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With the side of the story they want it to hear Rupert changed all of that by bringing Fox News to the fore and not only starting Fox News
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But showing that there was an audience for it That was even bigger than the liberal media market by taking Fox News and making it the number one
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News network in the country by miles. It's not even close in his letter to staff
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Murdoch did not cite his age 92 years old. He did not cite that as one of the reasons for him stepping down and becoming chairman emeritus
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You know chairman emeritus means I'm still here, but I'm not handling the day-to-day operations
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It's kind of like a professor emeritus. They're there, but they're not there if that kind of makes sense
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And he said that he you know, he trusts that the network is growing. It's moving into the right place
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And that they continue to make strides towards, you know Becoming an even bigger network and they have big plans for the future and that he trusts his son
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Lachlan and the people in charge to handle that now Lachlan, of course thanked his dad for decades of service to the company and
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You know so that you know, the path is bright. The future is bright for Fox News
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I think Lachlan has been making a lot of the behind-the-scenes decisions for a long time
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So I don't think you're gonna see much change to the Fox product than you've already seen
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I think he's been calling a lot of the shots as his dad kind of has ceded control and
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And you know in an in a in an industry especially in a world today where so much of
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Everything is run by people who are very very old including the president of the United States
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Mitch McConnell Dianne Feinstein Nancy Pelosi these people in their 80s and 90s and
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I think you know Rupert was one of these people and I think in a day and age when
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When that's going on it's refreshing to actually see somebody say hey look
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Maybe it's time for me to step aside and let the younger generation take control
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I think that's what Rupert Murdoch did here and you have to understand that Rupert Murdoch is a genius
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The man is a genius and I think he knew the right time for him and for his company
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I think he knew that he could trust Lachlan to make the proper decisions and
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I think that Fox News will forge ahead. I think Lachlan probably has a lot of young fresh good ideas
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I think they'll forge ahead and they'll continue to be strong He learned from his dad and his dad is
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amazing, so I Say to mr. Murdoch Congratulations on your new role. I pray that you're you know, gonna take it easy and relax a little bit. Enjoy your success and
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You know all the best for Fox News. Definitely. We need them to be strong
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Let me know what you guys think in the comments. I absolutely want to know your opinions on this story and on Fox News
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Also, please make sure you like share and subscribe Really helps us out. I'm Carmine Sabia. This is explain America. We love you guys. God bless you. Take care everybody
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