By A pivotal court battle over the future of Rupert Murdoch’s global media empire begins Monday in Nevada, as the 93-year-old mogul’s children fight over control of his multibillion-dollar legacy.
The case, unfolding in Washoe County Courthouse in Reno, centers on Murdoch’s attempt to change the terms of the family trust that controls News Corp and Fox Corp. The outcome could reshape the landscape of international media and determine the fate of influential news outlets consumed by millions worldwide.
At the heart of the dispute is Murdoch’s desire to give his eldest son, Lachlan, “permanent, exclusive control” over the empire, altering a 1999 agreement that would have divided voting shares among his four oldest children: Prudence, Elisabeth, Lachlan, and James.
“This case will decide who controls Murdoch’s family trust after he is gone and which of his children will have major voting rights in his companies,” said media analyst Alex Thompson. “It could result in the billionaire’s heir apparent Lachlan Murdoch being out-manoeuvred by some of his less conservative siblings.”
Murdoch’s media holdings include The Wall Street Journal, New York Post, The Sun, The Times, Fox News, and book publisher HarperCollins. His roughly 40% stake in voting shares of News Corp and Fox Corp forms the crux of the legal battle.
The lawsuit pits Lachlan Murdoch, who sides with his father, against siblings James, Elisabeth, and Prudence. The trio reportedly united to stop the trust’s alteration after being “caught completely off-guard” by their father’s decision, as reported by The New York Times.
Sources close to the matter suggest political differences are a key factor in the rift. Lachlan is seen as more aligned with his father’s conservative views, while his siblings are perceived as more moderate. James, in particular, has been critical of Fox News and recently endorsed Democratic Vice President Kamala Harris for president.
Despite efforts to keep the proceedings private, the case has drawn intense media scrutiny. Probate Commissioner Edmund J. Gorman Jr. will rule on whether Murdoch can change the trust’s terms, provided he demonstrates he’s acting in good faith for his heirs’ benefit.
The outcome could significantly impact the future direction of Murdoch’s media outlets. A victory for Rupert and Lachlan Murdoch would likely see the empire continue its current conservative editorial stance. However, if the other siblings prevail, they could potentially alter the political leanings of Murdoch’s properties or even push for their sale.
Industry experts are closely watching the case, given its potential to reshape global media dynamics. “This isn’t just about a family squabble,” said media law professor Sarah Jenkins. “It’s about the future of some of the most influential news sources in the English-speaking world.”
The trial comes at a challenging time for the news industry. Murdoch himself recently predicted that printed newspapers could become obsolete within 15 years, highlighting the broader challenges facing his successors beyond family control issues.
As the court proceedings begin, the Murdoch family has maintained public silence, with spokespeople either declining to comment or not responding to inquiries. The media world awaits the outcome, which could have far-reaching implications for journalism, politics, and the future of news consumption globally.
Source: news.sky.com
