Murdoch's Succession Battle Over Media Empire
Murdoch's Succession Battle Over Media Empire

Murdoch's Succession Battle Over Media Empire

News summary

Rupert Murdoch, the 93-year-old media mogul, is embroiled in a legal battle with three of his four eldest children over control of his media empire, which includes Fox News and News Corp. Murdoch seeks to amend an irrevocable family trust to ensure his eldest son, Lachlan, retains control, citing the need to maintain the empire's conservative editorial stance. The trust originally provided equal control to his four eldest children—James, Elisabeth, Prudence, and Lachlan—upon his death. Proceedings are being held behind closed doors in Nevada, despite media petitions for transparency. Critics note the outcome could significantly impact the political landscape given the influence of Murdoch's media holdings. The other three children oppose the changes, fearing a shift away from a more moderate editorial direction.

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