Current:Home > MyControl of the Murdoch media empire could be at stake in a closed-door hearing in Nevada -Streamline Finance
Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada
View
Date:2025-04-12 12:04:46
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! (3)
Related
- The White House is cracking down on overdraft fees
- Anna Delvey's 'DWTS' partner reveals 'nothing' tattoo after her infamous exit comment
- Opinion: As legendary career winds down, Rafael Nadal no longer has to suffer for tennis
- A hurricane scientist logged a final flight as NOAA released his ashes into Milton’s eye
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Judge blocks Penn State board from voting to remove a trustee who has sought financial records
- Man mauled to death by 'several dogs' in New York, prompting investigation: Police
- HISA, Jockeys’ Guild partner with mental-health company to offer jockeys access to care and support
- New data highlights 'achievement gap' for students in the US
- Chicago Fed president sees rates falling at gradual pace despite hot jobs, inflation
Ranking
- Meta releases AI model to enhance Metaverse experience
- Dove Cameron Shares Topless Photo
- Disney World and other Orlando parks to reopen Friday after Hurricane Milton shutdown
- Trump seizes on one block of a Colorado city to warn of migrant crime threat, even as crime dips
- Tom Holland's New Venture Revealed
- Lake blames Gallego for border woes, he vows to protect abortion rights in Arizona Senate debate
- Fall in Love With These Under $100 Designer Michael Kors Handbags With an Extra 20% off Luxury Styles
- Video shows Florida man jogging through wind and rain as Hurricane Milton washes ashore
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Teen charged in connection with a Wisconsin prison counselor’s death pleads not guilty
Pregnant Influencer Campbell “Pookie” Puckett and Husband Jett Puckett Reveal Sex of Their First Baby
See the Saturday Night Cast vs. the Real Original Stars of Saturday Night Live
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Disney World and other Orlando parks to reopen Friday after Hurricane Milton shutdown
Former inmates with felony convictions can register to vote under new provisions in New Mexico
The 2025 Critics Choice Awards Is Coming to E!: All the Details