Murdoch Family Succession Battle May Shape Future of Fox News
Rupert Murdoch's attempt to amend family trust in favor of son Lachlan faces resistance from siblings in critical Nevada court case.
- Rupert Murdoch, 93, seeks to alter the family trust to ensure Lachlan maintains control of Fox News after his death.
- The current trust gives equal voting rights to Murdoch's four oldest children, allowing potential for Lachlan to be outvoted.
- James Murdoch, critical of Fox's right-wing programming, aims to steer the network towards more progressive and reality-based news.
- The court case, which began on September 17 in Reno, Nevada, is expected to last two weeks and could significantly impact the Murdoch media empire.
- The outcome may also influence shareholder efforts to eliminate News Corp's dual-class share structure, potentially reducing Murdoch family control.