Current:Home > reviewsControl of the Murdoch media empire could be at stake in a closed-door hearing in Nevada -WealthRoots Academy
Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada
View
Date:2025-04-20 23:52:55
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! (1)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- Love Is Blind's Chelsea Wants to Crawl Under a Rock After Travis Kelce's Impersonation of Her
- California voters pass proposition requiring counties to spend on programs to tackle homelessness
- A New York man’s pet alligator was seized after 30 years. Now, he wants Albert back
- Trump wants to turn the clock on daylight saving time
- Chevron agrees to pay more than $13 million in fines for California oil spills
- Former Cardinals executive Terry McDonough has been accused of choking his neighbor
- Christine Quinn's 2-Year-Old Son Taken to Hospital After Husband Christian Dumontet's Assault Arrest
- Don't let hackers fool you with a 'scam
- Woman goes viral with $12 McDonald's dinner box that feeds family of 5. Can you get one?
Ranking
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Maryland labor attorney becomes first openly gay judge on 4th US Circuit Court of Appeals
- Jean Breaux, longtime Democratic state Senator from Indianapolis, dies at 65
- Washington Gov. Inslee signs fentanyl bill sending money to disproportionately affected tribes
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Vehicle Carbon Pollution Would Be Cut, But More Slowly, Under New Biden Rule
- Kentucky couple tried to sell their newborn twins for $5,000, reports say
- Woman goes viral with $12 McDonald's dinner box that feeds family of 5. Can you get one?
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
California wants to pay doctors more money to see Medicaid patients
Philadelphia mass shooting suspect is headed to trial after receiving mental health treatment
Coroner identifies man and woman shot to death at Denver hotel shelter
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Some Georgia workers would find it harder to become union members under a new bill
Courtney B. Vance Sums Up Secret to Angela Bassett Marriage in 2 Words
Who has the best AI? Tech expert puts ChatGPT, Gemini and Perplexity to the test