Current:Home > MarketsControl of the Murdoch media empire could be at stake in a closed-door hearing in Nevada -SecureWealth Bridge
Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada
View
Date:2025-04-22 21:26:45
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! (8933)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- Michigan Supreme Court will keep Trump on 2024 ballot
- Movie Review: ‘The Color Purple’ is a stirring big-screen musical powered by its spectacular cast
- A top Brazilian criminal leader is isolated in prison after he negotiated his own arrest
- Small twin
- Ukraine snubs Russia, celebrates Christmas on Dec. 25 for first time
- Chiefs coach Andy Reid defuses Travis Kelce outburst, chalks it up to competitive spirit
- Houston Texans claim oft-suspended safety Kareem Jackson off waivers
- Don't let hackers fool you with a 'scam
- Kamar de Los Reyes, 'One Life to Live' soap star and husband to Sherri Saum, dead at 56
Ranking
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- NFL MVP race turned on its head as Brock Purdy implodes, Lamar Jackson rises in Ravens' rout
- The year when the girl economy roared
- Well-intentioned mental health courts can struggle to live up to their goals
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- As the Endangered Species Act turns 50, those who first enforced it reflect on its mixed legacy
- Horoscopes Today, December 25, 2023
- 'I just wasn't ready to let her go': Michigan woman graduates carrying 10-day-old baby
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Mississippi prison guard shot and killed by coworker, officials say
As social media guardrails fade and AI deepfakes go mainstream, experts warn of impact on elections
Man trapped in truck under bridge for as long as six days rescued by fishermen
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Fantasy football Start ‘Em, Sit ‘Em: 15 players to start or sit in NFL Week 17
Despair then delight at Old Trafford as United beats Villa in 1st game after deal. Liverpool top
Kamar de los Reyes, One Life to Live actor, dies at 56