News@lemmy.worldEnglish · 2 days ago

Rupert Murdoch loses battle to control succession to his media empire

www.theguardian.com

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Rupert Murdoch loses battle to control succession to his media empire

www.theguardian.com

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News@lemmy.worldEnglish · 2 days ago

Media mogul’s three adult children will retain control despite attempt to give his son Lachlan complete control

Summary

Rupert Murdoch’s attempt to give his son Lachlan complete control over his media empire has failed.

A Nevada court ruled against Murdoch, stating he acted in bad faith and attempted to manipulate the family trust.

This decision, if upheld, will likely impact the future of Murdoch’s right-wing media empire, including Fox News and the Wall Street Journal.

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2 days ago
Turns out an irrevocable trust is…irrevocable.

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