Murdoch fails to amend family trust in court succession saga: Report

Rupert Murdoch, owner of Fox News and the Wall Street Journal, is seeking to put his son Lachlan in control of the media empire.

A United States probate commissioner has ruled against billionaire media baron Rupert Murdoch‘s bid to change his family trust to put his global television and publishing empire under the control of his eldest son Lachlan, The New York Times has reported.

Nevada commissioner Edmund Gorman concluded that Murdoch and his son Lachlan, who run Fox Corp and News Corp, the owners of Fox News and The Wall Street Journal, had acted in “bad faith” in their effort to amend the irrevocable trust, the Times reported on Monday, citing a sealed court document.

The trust currently would divide control of the company equally among Murdoch’s four oldest children – Lachlan, James, Elisabeth and Prudence – after his death.

In his opinion, Gorman said the plan to change the trust was a “carefully crafted charade” to “permanently cement Lachlan Murdoch’s executive roles” inside the empire “regardless of the impacts such control would have over the companies or the beneficiaries” of the family trust, the Times said.

A lawyer for Rupert Murdoch, Adam Streisand, said they were disappointed with the ruling and intended to appeal, the Times reported.

The Murdochs’ conservative media empire is poised to play an important role in the political future of the US as President-elect Donald Trump is set to return to the White House in January.

Fox News has bounced back after losing an $800m defamation lawsuit last year due to its handling of the 2020 election results.

Rupert Murdoch was one of the most prominent Trump detractors to line up behind the former president during the recent election campaign, with the full-throated support of Fox News.

Murdoch
Rupert Murdoch, centre, and his wife, Elena Zhukova Murdoch, arrive at the Second Judicial District Court in Reno, Nevada, on Monday, September 16 [Andy Barron/AP Photo]

The succession battle for control of Murdoch’s media holdings has been going on behind closed doors for three months in a Reno, Nevada, courtroom.

Married five times, the 93-year-old Murdoch retired last year and is attempting to change the terms of the family’s trust to ensure that after he dies, the media companies remain under the control of Lachlan Murdoch. Rupert Murdoch’s proposed amendment would block any interference by three of Lachlan’s siblings, who are more politically moderate, The New York Times has reported.

Lachlan Murdoch already runs Fox and is the sole chair of News Corp.

Lachlan Murdoch is viewed as ideologically aligned with his conservative father. James Murdoch, who has donated to progressive political groups, resigned in 2020 from the News Corp board, citing disagreements over editorial content.

The Murdoch trust was formed around the time of Rupert Murdoch’s divorce from his second wife, Anna, in 1999. The trust is the vehicle through which the elder Murdoch controls News Corp and Fox, with roughly a 40 percent stake in voting shares of each company.

Source

:

Al Jazeera and news agencies

Read More

  • Related Posts

    Rupert Murdoch seals deal passing control of media empire to eldest son

    Legal settlement ensures Lachlan Murdoch will take control of sprawling media portfolio after 94-year-old mogul’s death. Rupert Murdoch’s family has reached a deal to end the years-long succession battle over…

    NHS board fails to gag tribunal of nurse who objected to transgender medic using same changing room

    By DAN BARKER FOR THE SCOTTISH DAILY MAIL Published: 14:24 EST, 9 January 2025 | Updated: 22:22 EST, 9 January 2025 A nurse who was suspended from work after complaining…

    You Missed

    Amateur footballer, 20, who died from flesh-eating virus could have survived if paramedics had taken him to hospital, coroner rules

    • By poster
    • March 17, 2026
    • 2 views
    Amateur footballer, 20, who died from flesh-eating virus could have survived if paramedics had taken him to hospital, coroner rules

    Prince Harry says British troops who died in Afghanistan deserve ‘respect’ in backlash against Donald Trump’s jibe at UK’s war dead

    • By poster
    • March 17, 2026
    • 2 views
    Prince Harry says British troops who died in Afghanistan deserve ‘respect’ in backlash against Donald Trump’s jibe at UK’s war dead

    ‘Insulting and frankly appalling’: Keir Starmer demands apology from Donald Trump in major transatlantic row over jibe at Britain’s Afghan war dead

    • By poster
    • March 17, 2026
    • 2 views
    ‘Insulting and frankly appalling’: Keir Starmer demands apology from Donald Trump in major transatlantic row over jibe at Britain’s Afghan war dead

    The 12 cities that will see ‘catastrophic’ damage by crippling US winter storm: Live updates

    • By poster
    • March 17, 2026
    • 2 views
    The 12 cities that will see ‘catastrophic’ damage by crippling US winter storm: Live updates

    DJ Fat Tony now reveals Nicola Peltz’s entire family stormed out of wedding after THAT dance and how Victoria Beckham draped her arms around Brooklyn

    • By poster
    • March 17, 2026
    • 2 views
    DJ Fat Tony now reveals Nicola Peltz’s entire family stormed out of wedding after THAT dance and how Victoria Beckham draped her arms around Brooklyn

    Winter Storm Fern death toll rises to 8 as the South is hit with TORNADO warning amid blistering -20F conditions: Live updates

    • By poster
    • March 15, 2026
    • 5 views
    Winter Storm Fern death toll rises to 8 as the South is hit with TORNADO warning amid blistering -20F conditions: Live updates