This is what is going to happen to all your trust fund money if you "radically change Fox News," James.
Posted on 02/18/2025 1:21:40 PM PST by Schatze
Media mogul Rupert Murdoch's desired plan for succession would have left oldest son Lachlan in control of Fox News and News Corp.
But a recent court ruling and family in-fighting will likely leave his news empire in control of his left-leaning children who have vowed to radically change the network, according to press reports out last week.
Last year a Nevada court ruled the 93-year-old billionaire could not change his family trust after Murdoch sought to give his elder son, Lachlan, 52, control over his public companies. Lachlan is a Republican who is said to hold his father's conservative views. After the Nevada ruling, all four of Murdoch's adult children will retain equal voting power over their father's empire after he dies.
The decision will likely mean Fox News, long considered a conservative voice among U.S. media, ultimately embraces a more moderate or liberal voice. Last week The New York Times reported on the tumultuous family legal case still underway.
The Times reported the elder Murdoch was motivated to change the family trust fearing this his children James, Prudence, and Elisabeth all had expressed concerns about the editorial positions of the family's news outlets.
The Murdoch offsprings' rebellion against the father's wishes appears to be led by James Murdoch.
(Excerpt) Read more at newsmax.com ...
Simpy rewrite the will, whether the court likes it or not.
I am guessing he made it a non revocable trust, those can be a real pain once the ink dries.
KOD
bttt
Get rid of Paul Ryan.
New money spawn has always destroyed the family businesses in America.
Family fortunes are usually lost by the third generation, these people want to set a record and do it in the 2nd generation.
It does seem to be a pattern.
Fox’s audience is very old and the corporate media is dying. It is not ever going to wield the influence it had 20 years ago ever again. Independent news sources are the ones that have been growing - some (Joe Rogan, Tucker Carlson, Megyn Kelly, Shawn Ryan, etc) already have audience shares that dwarf the corporate media.
First generation makes it,
second generation fakes it,
third generation takes it
Cable news network are dead.
Personally, I thought Faux News audience would be dead by now.
I cut the cable in 2016 at its demographic must have pretty old then as I remember being bombarded with advertisements for the hurry cane, reverse mortgages, and gold bars.
Interesting, what exactly, without my actually reading the article, was the judges reasoning for not allowing him to change his trust, are they saying he is no longer of sound mind?
One thing for sure if they go stupid and liberalize Fox, they will end up driving the talent that makes them popular, and profitable to a a lesser but conservative competitor…than they can have the pleasure of swapping places with them.
Switch to Newsmax or OAN. Fox has been veering to the left for years now. Let FNC die of their own self inflicted leftist cancer.
See Skwor’s comment. Word to the wise is dont go making irrevocable trusts if you might want to revoke it in the future. With very rare exceptions, the name means exactly what it says, and the beneficiaries can defend their vested rights in court
After all, at about the same time he started the Fox TV network, which wasn't exactly pushing conservative Christian values. For a broadcast air network, it was the opposite.
So IMHO, Murdoch saw both an unreached TV viewing market of people who wanted TV shows that were a bit seedy and violent (Fox Network) compared to other broadcast TV. And he also saw an unreached news market of people who didn't watch lying "news" that preached 24 hours of hating on God and America and family and whites and success (thus Fox News reached people who hated CNN, ABC, etc.).
This is what is going to happen to all your trust fund money if you "radically change Fox News," James.
Let him build a liberal leftists focused talk radio stations network. The fifteenth time should be the charm.
Fox and Fox News Channel are part of the legacy media. If it turns further left, the talents will simply move to other new media or become Scott Jennings
Shirtsleeves to shirtsleeves...that sort of thing.
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