Rupert Murdoch's Succession Plans Thwarted in Legal Defeat
TL;DR Summary
Rupert Murdoch's attempt to alter the succession plan of his media empire, favoring his eldest son Lachlan, was thwarted by a Nevada court ruling. The court upheld the current trust structure, which grants equal voting power to Murdoch's four adult children, James, Elisabeth, Prudence, and Lachlan. The decision criticized Murdoch and Lachlan for acting in "bad faith" and attempting to cement Lachlan's control. The ruling, if upheld, could significantly impact the future of Murdoch's media holdings, including Fox News and News Corp.
- Rupert Murdoch loses battle to control succession to his media empire The Guardian
- Rupert Murdoch Fails in Bid to Change Family Trust The New York Times
- Succession drama: Rupert Murdoch loses court bid to leave son media empire Axios
- Commissioner rejects Rupert Murdoch’s effort to change family trust The Washington Post
- Rupert Murdoch loses attempt to overhaul family trust in bitter legal dispute Financial Times
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