Rupert Murdoch's Succession Plans Thwarted Amid Family Trust Dispute
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.