Current:Home > MyControl of the Murdoch media empire could be at stake in a closed-door hearing in Nevada -CapitalSource
Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada
View
Date:2025-04-13 13:54:22
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! (6879)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Missing workers in Baltimore's Key Bridge collapse presumed dead | The Excerpt
- Best remaining NFL free agents: Ranking 20 top players available, led by Justin Simmons
- What happened to Utah women's basketball team was horrible and also typically American
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Massachusetts man gets 40 years in prison for fatal attack on partner on a beach in Maine
- Kansas considers limits on economic activity with China and other ‘countries of concern’
- Ghost preparers stiff you and leave you with a tax mess. Know the red flags to avoid them.
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- A $500K house was built on the wrong Hawaii lot. A legal fight is unfolding over the mix-up
Ranking
- Trump's 'stop
- Steward Health Care strikes deal to sell its nationwide physician network to Optum
- MLB predictions 2024: Who's winning it all? World Series, MVP, Cy Young picks
- Crowns, chest bumps and swagger: In March Madness, the handshake isn’t just for high fives anymore
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Ex-Trump lawyer Eastman should lose state law license for efforts to overturn election, judge says
- Pennsylvania’s mail-in ballot dating rule is legal under civil rights law, appeals court says
- Massachusetts, Rhode Island and Connecticut receive proposals for offshore wind projects
Recommendation
Meet first time Grammy nominee Charley Crockett
Jadeveon Clowney joins Carolina Panthers in homecoming move
Heavy rains in Brazil kill dozens; girl rescued after more than 16 hours under mud
The Best Concealers for Every Skin Concern According to a Makeup Artist, From Dark Spots to Blemishes
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Conjoined Twin Abby Hensel of Abby & Brittany Privately Married Josh Bowling
Lou Whittaker, among the most famous American mountaineers, has died at age 95
Charlie Woods finishes in three-way tie for 32nd in American Junior Golf Association debut