One of the most powerful people of the 21st century says he’s retiring. Rupert Murdoch, 92, will hand over control of News Corp. and Fox Corp. to his son Lachlan, in November. What does that actually mean? And what happens next?

Here to offer some very informed speculation is longtime Murdoch family watcher Brian Stelter, who wrote one book on Murdoch and Fox News and has another one on the way. Up for discussion with Vox’s Peter Kafka: How active has Rupert been at the top of his company? Why is this happening now? What happens to the Murdoch empire right now? And, most importantly - what happens to that empire once Rupert retires from planet Earth?

Brian Stelter (@brianstelter) is the author of Hoax: Donald Trump, Fox News, and the Dangerous Distortion of Truth and the forthcoming book Network of Lies: The Epic Saga of Fox News, Donald Trump, and the Battle for American Democracy

Host: Peter Kafka (@pkafka), Senior Editor at Recode

More to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape.

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Why did Rupert Murdoch just leave his media empire? 18:45 Share

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Why did Rupert Murdoch just leave his media empire?