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The issue of succession began in December 2023, when Rupert Murdoch applied to change the terms of his "irrevocable" family trust (established in 1999, as the Murdoch Family Trust, or MFT) to ensure that Lachlan would have full control over News Corp, a mass media and publishing company that manages hundreds of assets, rather than his three ...
The litigation over the family trust exposed a rift in the Murdoch family, which had a falling out over a political disagreement after Rupert and Lachlan Murdoch pushed Fox News further to the ...
Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled. The probate commissioner, who heard ...
(Reuters) -Rupert Murdoch has lost a bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reported on Monday, citing a ...
Rupert Murdoch’s eyebrow-raising attempt to restructure the family trust that governs Fox Corp. and News Corp. was rebuked last week in probate court in Las Vegas, thwarting — at least for now ...
A real-life "Succession" battle for Rupert Murdoch's media empire has ended with a Nevada court commissioner denying the billionaire's bid to change a family trust and give control to his eldest son.
The battle for Rupert Murdoch’s media kingdom will play out behind closed doors. The 93-year-old billionaire’s legal effort to rewrite the terms of an irrevocable family trust will remain ...
Rupert Murdoch's bid to change the trust has pitted him against his other three children named as beneficiaries: James, Elisabeth and Prudence, and they have united to stop their father from ...