Current:Home > FinanceControl of the Murdoch media empire could be at stake in a closed-door hearing in Nevada -NextGenWealth
Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada
View
Date:2025-04-13 20:17:18
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! (5)
Related
- Trump's 'stop
- Patriots LB Ja’Whaun Bentley inactive against Colts in Frankfurt
- Jury clears ex-Milwaukee officer in off-duty death at his home
- 'Karma is the guy on the Chiefs': Taylor Swift sings about Travis Kelce on Eras Tour
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- A military jet crashes in eastern Myanmar. Ethnic resistance groups claim they shot it down
- Oil or Water? Midland Says Disposal Wells Could Threaten Water Supply
- Christian McCaffrey's record-tying TD streak ends at 17 games as 49ers rout Jaguars
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Hearing loss can lead to deadly falls, but hearing aids may cut the risk
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Euphoria Producer Kevin Turen Dead at 44
- Dutch election candidates make migration a key campaign issue in the crowded Netherlands
- Latvia’s president says West must arm Ukraine to keep Russia from future global adventures
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- GOP hopeful Chris Christie visits Israel, says the US must show solidarity in war against Hamas
- Jill Stein announces 2024 presidential bid as Green Party candidate
- Tyrese Maxey scores career-high 50 points to lead 76ers, dedicates win to Kelly Oubre Jr.
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Why is Thanksgiving so expensive? Here's what the data says
Illinois man dies after being fatally shot in face by fellow hunter, authorities say
The stomach-turning finish to a prep football team's 104-0 victory
The Louvre will be renovated and the 'Mona Lisa' will have her own room
He lived without lungs for a day. How a remarkable transplant operation saved him
Thousands flee Gaza’s main hospital but hundreds, including babies, still trapped by fighting
A fragile global economy is at stake as US and China seek to cool tensions at APEC summit