Rupert Murdoch in court battle
Rupert Murdoch in court battle

Rupert Murdoch in court battle

News summary

Rupert Murdoch, the 93-year-old media mogul, is embroiled in a contentious legal battle with three of his children—James, Elisabeth, and Prudence—over succession rights to his media empire. He seeks to amend the family trust to grant exclusive control to his eldest son, Lachlan, emphasizing that only Lachlan's conservative views can preserve the company's editorial integrity and economic value. Currently, the trust allows equal voting rights among the four siblings, but Murdoch argues that a lack of consensus among them could jeopardize the businesses' strategic direction. The fight escalated after Murdoch filed a petition to change the terms of the irrevocable trust last year, which could lead to a court trial in September. His actions are backed by former Attorney General William Barr, and a Nevada probate commissioner has indicated that Murdoch must prove his amendments are in good faith for the benefit of all heirs. This internal family drama echoes themes from the HBO series 'Succession,' with implications for the future of significant media outlets like Fox News and The Wall Street Journal.

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Last Updated
108 days ago
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