Posted on 09/08/2025 3:20:37 PM PDT by JSM_Liberty
Rupert Murdoch’s chosen son Lachlan will remain in charge of the family business, forestalling a predicted challenge from his siblings over the political bent of the conservative media empire.
Instead, three siblings are exiting the business altogether — in an ending worthy of a dramatic series finale.
A protracted legal battle over the future of the Murdoch family trust was resolved on Monday, according to statements from the two companies, Fox Corp and News Corp.
The companies said that the Murdoch family’s existing trust setup is being replaced. Prudence MacLeod, Elisabeth Murdoch and James Murdoch, described in legal filings as the “departing members,” will receive about $1 billion each for their shares, a person with knowledge of the transaction said.
...
The succession drama really kicked off in 2023 when the elder Murdoch attempted to amend the family trust. ...
The trio opposed the move, contesting it in a court in Reno, Nevada, a state that offers one of the most private settings for issues like family trust decisions, allowing parties and judges to lock the cases behind closed doors to such an extreme degree that their very existence is not even publicized on court dockets.
A judge refused to unseal the proceedings, but word of the legal battle leaked out. Sources told CNN that the disputes over the family trust had been tearing the family apart.
The Nevada court ruled against Rupert Murdoch last winter, finding that Rupert, Lachlan and their representatives had worked in “bad faith.” ... The Nevada ruling apparently spurred legal talks that resulted in what the companies on Monday called a “mutual resolution of the legal proceedings.”
Lachlan and two younger sisters, Grace and Chloe, will have shares in a new trust that will have the controlling stakes in both companies going forward.
(Excerpt) Read more at cnn.com ...
A longer version in the New York Times
https://www.nytimes.com/2025/09/08/business/media/murdoch-family-trust-succession-deal.html
In the end it all came down to how much they were willing of offer the three siblings to give up their shares.
They say this will guarantee that the media holdings “remain conservative” - lol!
This might be important to people that are glued to corporate television/radio news..
I had to laugh at that statement as well. I will not ever understand the New York Times effect on man.
I haven’t watched television in 20 years. The only time I’ll see anything from Fox News is if it’s clipped.
Something tells me that Murdoch’s kids will be alright... They’ll land on their feet. A couple of more generations down the road and the great grandkids, or great great grandkids will likely blow what’s leftover and start collecting welfare.
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