Rupert Murdoch's Succession Plan Thwarted by Court Ruling
TL;DR
A Nevada commissioner has ruled against Rupert Murdoch's attempt to alter his family trust to ensure his eldest son, Lachlan Murdoch, would control the family's media empire. This decision means the empire will be equally divided among Murdoch's four oldest children, who have differing ideological views. The ruling follows a closed-door trial where Murdoch and Lachlan were found to have acted in "bad faith." Rupert Murdoch plans to appeal the decision.
Topics:top-newsmedia-and-business#court-ruling#family-trust#lachlan-murdoch#media-and-business#media-empire#rupert-murdoch
- Succession drama: Rupert Murdoch loses court bid to leave son media empire Axios
- Rupert Murdoch Fails in Bid to Change Family Trust The New York Times
- Rupert Murdoch loses battle to control succession to his media empire The Guardian
- Commissioner rejects Rupert Murdoch’s effort to change family trust The Washington Post
- Rupert Murdoch’s Plan To Protect His Outlet’s Right-Wing Slant Rejected By Court, Report Says Forbes
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