Rupert Murdoch, the founder of News Corp. and Fox News Corp. — two of the world’s most influential media companies — saw his plan for succession suffer a serious blow via a recent court ruling that will likely leave the mogul’s news empire in control of his left-leaning children who have vowed to radically change Fox News.
As reported by Newsmax on Tuesday, a 2024 Nevada court ruled that the 93-year-old billionaire could not change his irrevocable family trust after Murdoch sought to give his 52-year-old son Lachlan, a conservative, control over his public companies. The ruling states that all four of Murdoch’s adult children will retain equal voting power over their father’s empire after he dies.
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Furthermore, The New York Times reported last…
