Rupert Murdoch's Succession Bid Blocked by Court Ruling
Rupert Murdoch has lost a legal battle to alter his family trust in favor of his eldest son, Lachlan, after a Nevada court ruled that Murdoch acted in "bad faith." The decision prevents Murdoch from restructuring the trust to give Lachlan more control over Fox News and News Corp, leaving all four of Murdoch's eldest children with equal voting rights. Murdoch's lawyer has indicated plans to appeal the ruling.