Barry Diller on the Meeting That Changed His Life

The transcript discusses the creation of a fourth television network by acquiring Metromedia, led by Rupert Murdoch's instinctive decision-making. Despite initial skepticism, the network was successfully built. The speaker later sought ownership within the company but was told by Murdoch that there could only be one principal. This prompted the speaker to leave and start a new business venture, facing challenges but ultimately achieving success.

What was the initial reaction of others when the idea of a fourth network was proposed?

• They were indifferent.

• They thought it was a crazy idea.

• They were supportive and excited.

• They immediately invested in it.

What quality did Rupert Murdoch exhibit when deciding to buy the television stations?

• Cautiousness

• Indecisiveness

• Strong instinct and willingness to gamble

• Reluctance

What was Rupert Murdoch's response when the speaker expressed a desire to be a principal?

• He dismissed the speaker's ambition.

• He offered a partnership.

• He encouraged the idea.

• He stated there was only one principal in the company.

What did the speaker decide to do after realizing the corporate hierarchy?

• Continue working in the same position.

• Start their own business.

• Seek a different role within the company.

• Retire from the industry.

How did the speaker's ventures turn out after leaving the company?

• They were abandoned.

• They were immediately successful.

• They faced initial challenges but eventually succeeded.

• They were unsuccessful.