Secret family battle for Murdoch empire revealed in sealed court documents

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Secret family battle for Murdoch empire revealed in sealed court documents - Business Standard

Quick Summary:

But given Murdoch’s advanced age, this battle has all of the makings of a final fight for control of his sprawling media conglomerates, which own Fox News, The Wall Street Journal, The New York Post, and major newspapers and television outlets in Australia and UK.

Murdoch has moved to change the family’s irrevocable trust to preserve his media businesses as a conservative force.

As Murdoch put it in an interview with Charlie Rose in 2006: “If I go under a bus tomorrow, it will be the four of them who will have to decide which of the ones should lead them.” The probate commissioner’s review of the facts shows that Murdoch is moving to expand Lachlan’s voting power to secure a majority and ensure that he cannot be challenged.