Rupert Murdoch goes to war with his children over his media empire

Published: Aug 06, 2024 Duration: 00:04:25 Category: News & Politics

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the move by the billionaire news Mogul 93 could have a real significant impact on the global media landscape an elderly billionaire goes to war with his adult children over the future of his media Empire his only Ally is his eldest son crowned leader of his father's Enterprise after years of jostling with his siblings in choosing a successor the patriarch spurns three of his other children who remain threats when he dies they will have just as much power as the eldest son to shape his companies potentially against the right-wing ideologies that have guided them for decades to deliver control to his eldest son the Mogul quietly launches an extraordinary bid to alter the trust set to hand the other three influence upon his death rert Murdoch 93 the billionaire owner of News Corp and fox Corporation who helped Inspire the show is trying to give his eldest son llan full control of his Med Outlets upon his death while his other adult children James Elizabeth and Prudence will still receive equal shares of company profits this would leave them with no say over the companies upon his death same text goes here this is arguably the single most influential media Outlet in all of the englishspeaking world he said of News Corp and fox the New York Times reported on a decision from a Nevada probate commissioner which is under seal that murder do can rewrite his family's irrevocable trust if he can prove the change is being made in good faith and benefits his heirs the ruling sets the stage for a high-profile trial over the future of his vast array of media interests with Murdoch and his three children slated to Duke it out in court in September William bar the former US attorney general is helping Murdoch rewrite the trust and he has also hired Adam strand a trial lawyer who previously worked on estate cases involving m Jackson and Britney Spears when rert married his fifth wife in California last month laan was said to have been the only one of his four eldest children in attendance with laan as his father's successor Fox News and News Corp will continue to be a conservative Force though Murdoch had successfully formed relationships with powerful conservative figures in Australia and the UK it was not until Donald Trump's ascendancy that he had close ties to the White House though Fox was initially dismissive of trump the network soon turned into his most powerful megaphone during Trump's presidency Elizabeth prudence and James started to drift away from their father's politics when Roger alss the longtime Fox CEO left the company in 2016 off the back of multiple sexual harassment allegations James reportedly believed he could push the network in a New Direction bringing in an experienced executive who was less of an ideologue we've been arguing about politics since I was a teenager James told the times in 2020 about his father Murdoch eventually crowned Lachlan as his successor while llan does not speak publicly about his personal political views reports have said they usually lean more conservative than his fathers and while Lachlan appears less interested than his father in political influence he cares about profit Fox News was reporting that Joe Biden had won the election despite Trump's rampant claims of interference what's good for the ratings is good for Fox's business and what's good for the business is what's good for Murdoch's heirs what the judge is looking for when granting Murdoch the ability to change the irrevocable trust James Elizabeth and Prudence can argue that supporting Trump hasn't been all that good for the network over the last year relations between Trump and fox seem to have thawed the Murdoch fames influence has shifted in recent years there are new media players like Newsmax and other influential billionaires are courting Trump like Elon Musk owner of X who is pumping Millions into Trump's campaign same text goes here there was a time where if you wanted to survive in the Republican party you had to bend the knee to him or to others Donald Trump Jr said at one event at the convention

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