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.According to documents obtained by The New York Times, Rupert Murdoch is engaged in a legal battle with three of his children over the future of his media holdings after his death.
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, 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.With an estimated value of $19.5B, Murdoch's media empire is controlled by a trust reportedly shared by Rupert’s four eldest children — Lachlan, James, Elisabeth, and Prudence. Rupert allegedly wants to grant its exclusive control to Lachlan to preserve a (right-leaning) editorial stance.