All articles tagged with #murdoch family
The Murdoch family is experiencing deep divisions following a court settlement that cut Elisabeth, James, and Prudence out of the family business, with ongoing tensions and irreconcilable differences between Rupert Murdoch and his children, especially with Lachlan now leading the company and the family fractured both privately and corporately.
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.,
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.
Rupert Murdoch's family has reached a deal to control his media empire through a trust, with Lachlan Murdoch as the primary controller, ensuring stability and continuity at Fox News after Rupert's death, and resolving a family dispute over control and direction of the company.
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.
The New York Post is launching a new California-based daily newspaper called the California Post, based in Los Angeles, to provide a conservative perspective and cover local culture, politics, and entertainment, marking a significant expansion of the Murdoch family's media empire.
Tucker Carlson opened up about his firing from Fox News and praised the Murdoch family while stating that the network is "run by fearful women." In an interview with Barstool Sports founder Dave Portnoy, Carlson expressed gratitude for the freedom he had at Fox News but acknowledged that he said too much, leading to his dismissal. He also mentioned that there were internal issues and censorship within the network, but he had no complaints about the Murdochs. Carlson discussed his coverage of Russia's war on Ukraine, which reportedly angered Fox News executives, although they never directly confronted him about it.
The Murdoch family, which controls Fox News, The New York Post, and The Wall Street Journal, is reportedly losing faith in Florida Governor Ron DeSantis as a potential Republican presidential candidate due to his poor polling, campaign blunders, and inability to outshine former President Donald Trump. Murdoch feels DeSantis' culture wars have not been conducted cleanly, and recent mentions of DeSantis in Murdoch outlets have been largely unfavorable. However, the Murdochs are not ready to abandon DeSantis just yet, as he remains Trump's top challenger in the polls.
Elizabeth Ailes, the widow of former Fox News CEO Roger Ailes, has accused the Murdoch family of "wreaking havoc" on the network since her husband's departure. She also criticised Rupert Murdoch's sons and called her late husband a "genius" who built Fox News into a "powerhouse". The network is facing several costly defamation lawsuits, including a $2.7bn suit from Smartmatic. Fox News reported a $54m loss for Q1 2021.