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Snapshot 3:Fri, Jul 26, 2024 1:15:59 PM GMT last edited by Vandita

Report: Murdoch Family Falls Out Over Media Empire

RupertReport: Murdoch SeeksFamily toFalls HandOut EmpireOver toMedia Son Lachlan, Prompting Challenge From Other ChildrenEmpire

Image copyright: Drew Angerer/Staff/Getty Images News via Getty Images North America

The Facts

  • Conservative media mogul Rupert Murdoch is engaged in a legal battle with three of his children over who will control his media empire after his death, according to documents obtained by The New York Times.According to documents obtained by The New York Times, billionaire media mogul Rupert Murdoch is engaged in a legal battle with three of his children over the future of his empire after his death.

  • The 93-year-old patriarch of the Murdoch family – which controls Fox, News Corp, and many other news outlets – is looking to amend an irrevocable family trust to give full control of voting powers and decision-making to his son Lachlan.The 93-year-old patriarch of the Murdoch family is reportedly looking to amend an irrevocable family trust to give complete control of voting powers and decision-making to his eldest son, Lachlan.

  • With an estimated value of $19.5B, the Murdoch empire is controlled by a trust that is equally shared by Rupert’s four eldest children – Lachlan, James, Elisabeth, and Prudence. However, their father wants to give total control to Lachlan in order to preserve a right-leaning editorial stance.With an estimated value of $19.5B, Murdoch’s media empire is controlled by a trust shared by Rupert’s four eldest children – Lachlan, James, Elisabeth, and Prudence. However, Rupert wants to grant its exclusive control to Lachlan, reportedly to preserve a right-leaning editorial stance.


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