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Snapshot 5:Fri, Jul 26, 2024 5:14:50 PM GMT last edited by NickBurk

Report: Murdoch Family Falls Out Over Media Empire

Report: Murdoch Family Falls Out Over Media Empire

Above: Rupert Murdoch (L) and Lachlan Murdoch on July 13, 2017 in Sun Valley, Idaho. Image copyright: Drew Angerer/Staff/Getty Images News via Getty Images

The Facts

  • 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.


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