Current:Home > NewsControl of the Murdoch media empire could be at stake in a closed-door hearing in Nevada -TradeGrid
Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada
View
Date:2025-04-15 17:34:54
RENO, Nev. (AP) — A probate court in Nevada is set to begin reviewing evidence behind closed doors in a case that could determine who will control Rupert Murdoch’s media empire after his death.
Murdoch, 93, arrived at court Monday for the hearing. Last year, he moved to change the terms of his irrevocable family trust in a bid to ensure that his eldest son, Lachlan, remains in charge of his cadre of newspapers and television networks, including The Wall Street Journal and Fox News Channel, according to reporting by The New York Times based on a sealed court document.
Evidentiary hearings in the case are scheduled to run through Tuesday of next week. The court has kept the hearings closed to the public and most documents sealed, largely rejecting requests for access by news organizations including The Associated Press.
The trust was originally set up to give equal control over Rupert Murdoch’s businesses to his four oldest children upon his death, according to the Times.
Murdoch stepped down as leader of both Fox News’ parent company and his News Corp. media holdings last fall. He is arguing that to preserve his businesses’ commercial value for all his heirs, the trust must be changed so Lachlan can ensure his newspapers and TV networks continue to have a conservative editorial outlook, the Times reported.
Lachlan succeeded his father as chairman of News Corp. in November. He’s also executive officer at Fox Corp., home to conservative news network Fox News, the Fox broadcast and sports networks, and local TV stations. The media empire spans continents and helped to shape modern American politics.
Rupert Murdoch’s bid to change the trust has pitted him against his other three children named as beneficiaries: James, Elisabeth and Prudence, and they have united to stop their father from revising the trust, according to the Times.
Irrevocable trusts are typically used to limit estate taxes, among other reasons, and can’t be changed without permission from the beneficiaries or via a court order.
Nevada Probate Commissioner Edmund J. Gorman of the Second Judicial District Court in Reno ruled this summer that Rupert Murdoch could amend the trust if he can show that he is acting in good faith and for the sole benefit of his heirs, the Times reported.
The court’s ruling notes that Murdoch sought to give Lachlan permanent and exclusive control over his companies because the mogul was worried that a lack of consensus among his children could affect the strategic direction at his companies, including potentially leading to a change in editorial policy and content, according to the Times report.
___
Associated Press writer Alex Veiga in Los Angeles contributed to this report.
veryGood! (99811)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- High-scoring night in NBA: Giannis Antetokounmpo explodes for 59, Victor Wembanyama for 50
- Jennifer Lopez Gets Loud in Her First Onstage Appearance Amid Ben Affleck Divorce
- Judge weighs the merits of a lawsuit alleging ‘Real Housewives’ creators abused a cast member
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Sofia Richie Reveals 5-Month-Old Daughter Eloise Has a Real Phone
- Man is 'not dead anymore' after long battle with IRS, which mistakenly labeled him deceased
- Are Dancing with the Stars’ Jenn Tran and Sasha Farber Living Together? She Says…
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Knicks Player Ogugua Anunoby Nearly Crashes Into Anne Hathaway and Her Son During NBA Game
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- USMNT Concacaf Nations League quarterfinal Leg 1 vs. Jamaica: Live stream and TV, rosters
- Bankruptcy judge questioned Shilo Sanders' no-show at previous trial
- New Pentagon report on UFOs includes hundreds of new incidents but no evidence of aliens
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Pete Alonso's best free agent fits: Will Mets bring back Polar Bear?
- New Pentagon report on UFOs includes hundreds of new incidents but no evidence of aliens
- 4 arrested in California car insurance scam: 'Clearly a human in a bear suit'
Recommendation
The Daily Money: Spending more on holiday travel?
Shocked South Carolina woman walks into bathroom only to find python behind toilet
32-year-old Maryland woman dies after golf cart accident
Dramatic video shows Phoenix police rescue, pull man from car submerged in pool: Watch
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
AI could help scale humanitarian responses. But it could also have big downsides
Wisconsin agency issues first round of permits for Enbridge Line 5 reroute around reservation
Reese Witherspoon's Daughter Ava Phillippe Introduces Adorable New Family Member