All articles tagged with #lachlan murdoch
Originally Published 3 months ago — by The Guardian
Donald Trump indicated that Rupert and Lachlan Murdoch are likely to be part of a US investor group buying TikTok, with the deal involving American ownership and control over data, amid ongoing efforts to address national security concerns.
Originally Published 4 months ago — by NPR
Lachlan Murdoch, Rupert Murdoch's eldest son, has been officially designated as the future leader of the Murdoch media empire, which includes Fox News and News Corp., following a long-standing rivalry with his brother James. Born in London and raised in New York, Lachlan has spent much of his life in Australia and the U.S., and has been involved in the family's media businesses since 1994. He is seen as more conservative and less politically active than his father, focusing on maintaining the center-right stance of the media outlets under his leadership, and has overseen significant financial success for the empire.
Originally Published 4 months ago — by The Economist
Lachlan Murdoch has secured control over his family's media empire, including Fox and News Corp, after a long-standing dispute, positioning him as a powerful figure in global media.
Originally Published 4 months ago — by The Hollywood Reporter
Lachlan Murdoch has solidified control over the Murdoch media empire after a $3.3 billion settlement, ending a family succession dispute and paving the way for aggressive dealmaking and strategic expansion in a changing media landscape, with Lachlan's influence set to shape the future of Fox and News Corp.,
Originally Published 4 months ago — by Axios
The Murdoch family resolved a succession dispute by creating a new family trust that keeps control of News Corp and Fox Corp. with Lachlan Murdoch, while compensating his siblings with cash payouts and limiting their future share acquisitions, ending legal battles and securing Lachlan's leadership.
Originally Published 4 months ago — by The Washington Post
Rupert Murdoch and his son Lachlan have reached a deal with Murdoch's other children to resolve a legal dispute over the future control of the family media empire after Murdoch's death.
Originally Published 4 months ago — by The New York Times
Lachlan Murdoch has finalized a $3.3 billion deal to gain control of the Murdoch family media empire, ensuring its conservative stance and long-term leadership until 2050, resolving a decades-long family succession dispute.
Originally Published 1 year ago — by ABC News
Rupert Murdoch's attempt to amend his family trust to ensure his son Lachlan maintains control of his media empire was rejected by a Nevada probate commissioner. The decision, which found Murdoch acted in "bad faith" by trying to exclude Lachlan's siblings from control, could impact the conservative direction of Murdoch's media outlets. The ruling now awaits a district judge's decision, and Murdoch may explore other options to secure Lachlan's leadership.
Originally Published 1 year ago — by ABC News
A Nevada probate commissioner has rejected Rupert Murdoch's attempt to amend his family's trust to give his son Lachlan control of the media empire, including Fox News, to ensure its conservative stance. The ruling, described as a "carefully crafted charade," maintains equal control among Murdoch's four children. Rupert and Lachlan Murdoch plan to appeal, while the other siblings welcome the decision, hoping to rebuild family relationships.
Originally Published 1 year ago — by CBS News
A Nevada probate commissioner has blocked Rupert Murdoch's attempt to amend his family's trust to give his son, Lachlan Murdoch, control of his media empire, including Fox News, to maintain its conservative stance. The commissioner ruled that Murdoch and his son acted in "bad faith" in their efforts to change the irrevocable trust, which currently divides control equally among Murdoch's four children. The decision was welcomed by Murdoch's other children, who have less conservative views, while Murdoch plans to appeal the ruling.
Originally Published 1 year ago — by ABC News
A Nevada probate commissioner has rejected Rupert Murdoch's attempt to amend his family trust to give his son Lachlan control of his media empire, including Fox News, to ensure its conservative stance. The ruling, described as a "carefully crafted charade," maintains equal control among Murdoch's four children. Murdoch plans to appeal, while his other children welcome the decision, hoping to strengthen family relationships.
Originally Published 1 year ago — by CNN
Rupert Murdoch's attempt to amend his family trust to favor his son Lachlan as the successor of his media empire has been blocked by a Nevada probate commissioner. The ruling, which followed secret testimonies from Murdoch family members, criticized Rupert and Lachlan for acting in "bad faith". The proposed amendment would have given Lachlan control over the media companies, aligning with Rupert's conservative views, but was contested by his other children. The decision has intensified family tensions, reminiscent of the TV series "Succession".
Originally Published 1 year ago — by Los Angeles Times
Rupert Murdoch's attempt to amend his family trust to ensure his son Lachlan gains sole control of his media empire after his death has been blocked by a Nevada probate commissioner. The request was opposed by Murdoch's other children, Prudence, James, and Elisabeth, who are set to jointly inherit control under the current trust terms. The commissioner ruled that Murdoch and Lachlan acted in "bad faith" to favor Lachlan, revealing a family rift over the future of the conservative-leaning media empire.
Originally Published 1 year ago — by The Washington Post
Rupert Murdoch's attempt to alter his family's trust to secure his son Lachlan's control over his media empire has been rejected by a Nevada probate commissioner. The decision, which Murdoch's other children opposed, was deemed a "carefully crafted charade." The case will now proceed to a district judge for further consideration. The trust, established during Murdoch's divorce from his second wife, is central to a family dispute over the future direction of the media empire, which includes Fox News and the Wall Street Journal.
Originally Published 1 year ago — by Axios
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.