Sep 18, 2024, 12:00 AM
Sep 16, 2024, 12:00 AM

Rupert Murdoch"s Family Feud in Nevada Court Over Media Empire

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Highlights
  • A probate court in Nevada is reviewing evidence in a private hearing regarding Rupert Murdoch's media empire.
  • Murdoch aims to amend his family trust to ensure his son Lachlan retains control, opposing his other three children.
  • The outcome of this case could significantly impact the editorial direction and management of Murdoch's media holdings.
Story

A probate court in Reno, Nevada, is currently reviewing evidence in a private hearing that could determine the future control of Rupert Murdoch's extensive media empire. The hearings began this week and are expected to continue through next Tuesday. Murdoch, who is 93 years old, has sought to amend the terms of his irrevocable family trust to ensure that his eldest son, Lachlan, retains control over his media holdings, which include major outlets like The Wall Street Journal and Fox News Channel. The original trust was designed to provide equal control of Murdoch's businesses to his four oldest children upon his death. However, Murdoch's recent actions indicate a desire to consolidate power with Lachlan, who has already succeeded him as chairman of News Corp. and serves as executive officer at Fox Corp. This shift is motivated by Murdoch's concerns that differing opinions among his children could jeopardize the strategic direction and editorial stance of his companies. The court has kept the proceedings confidential, rejecting requests from news organizations for access to documents and hearings. Murdoch's other three children—James, Elisabeth, and Prudence—are opposing their father's attempts to revise the trust, uniting against him in this legal battle. The court has ruled that Murdoch may amend the trust if he can demonstrate that he is acting in good faith for the benefit of his heirs. This dispute highlights the complexities of family dynamics within powerful media empires and raises questions about the future editorial direction of Murdoch's businesses, which have significantly influenced American politics and media landscapes.

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