{"id":816816,"date":"2025-01-03T07:22:36","date_gmt":"2025-01-03T13:22:36","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/03\/rupert-murdoch-fails-in-bid-to-change-family-trust\/"},"modified":"2025-01-03T07:22:36","modified_gmt":"2025-01-03T13:22:36","slug":"rupert-murdoch-fails-in-bid-to-change-family-trust","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/03\/rupert-murdoch-fails-in-bid-to-change-family-trust\/","title":{"rendered":"Rupert Murdoch fails in bid to change family trust"},"content":{"rendered":"
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A Nevada commissioner ruled resoundingly against Mr. Murdoch, who was trying to give full control of his empire to his son Lachlan and lock in Fox News\u2019s right-wing editorial slant.<\/h2>\n
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\n\tRupert Murdoch attends the WSJ. Magazine 2017 Innovator Awards at The Museum of Modern Art in New York on Nov. 1, 2017. AP<\/em>\t<\/figcaption><\/figure>\n
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\n\t\t\t\t\t\t\t\tBy Jonathan Mahler and Jim Rutenberg, New York Times Service\t\t\t\t\t\t\t<\/p>\n

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A Nevada commissioner ruled resoundingly against Rupert Murdoch\u2019s attempt to change his family\u2019s trust to consolidate his eldest son Lachlan\u2019s control of his media empire and lock in Fox News\u2019 right-wing editorial slant, according to a sealed court document obtained by The New York Times<\/em>.<\/p>\n

The commissioner, Edmund J. Gorman Jr., concluded in a decision filed Saturday that the father and son, who is the head of Fox News and News Corp., had acted in \u201cbad faith\u201d in their effort to amend the irrevocable trust, which divides control of the company equally among Murdoch\u2019s four oldest children \u2014 Lachlan, James, Elisabeth and Prudence \u2014 after his death.<\/p>\n

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A lawyer for Rupert Murdoch, Adam Streisand, said Rupert and Lachlan Murdoch were disappointed with the ruling and intended to appeal.<\/p>\n

In a statement, James, Elisabeth and Prudence said: \u201cWe welcome Commissioner Gorman\u2019s decision and hope that we can move beyond this litigation to focus on strengthening and rebuilding relationships among all family members.\u201d<\/p>\n

The battle over the family trust is not about money \u2014 Rupert Murdoch is not seeking to diminish any of his children\u2019s financial stakes in the company \u2014 but rather about future control of the world\u2019s most powerful conservative media empire, which includes Fox News, The Wall Street Journal and the New York Post.<\/p>\n

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Rupert Murdoch, now 93, has long intended to bequeath the media conglomerates to his children. But he is also determined to preserve the right-wing bent of his empire.<\/p>\n

James and Elisabeth are both known to have less conservative political views than their father or brother. In seeking to consolidate Lachlan\u2019s control, Murdoch has argued that maintaining the political bent of his outlets \u2014 and stripping the voting power of three of his children \u2014 is in the financial interest of all his beneficiaries.<\/p>\n

The commissioner\u2019s ruling is not the final word in the case. The commissioner acts as a \u201cspecial master\u201d who weighs the testimony and evidence and submits a recommended resolution to the probate court. It falls to a district judge to ratify or reject that recommendation. Even then, the losing party is free to challenge the determination.<\/p>\n

This article originally appeared in The New York Times<\/a>.<\/em><\/p>\n

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Skip to Main Content Media A Nevada commissioner ruled resoundingly against Mr. Murdoch, who was trying to give full control of his empire to his son Lachlan and lock in Fox News\u2019s right-wing editorial slant. Rupert Murdoch attends the WSJ. Magazine 2017 Innovator Awards at The Museum of Modern Art in New York on Nov.<\/p>\n","protected":false},"author":1,"featured_media":816817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2721,35284],"tags":[16946,46398],"class_list":{"0":"post-816816","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-murdoch","8":"category-rupert","9":"tag-murdoch","10":"tag-rupert"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=816816"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/816816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/816817"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=816816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=816816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=816816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}