Murdoch succession battle to play out in Nevada courtroom | REUTERS

Published: Sep 12, 2024 Duration: 00:02:03 Category: News & Politics

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a closed door Court battle over rert Murdoch's media Empire starting Monday could determine the future of Fox News and the Wall Street Journal the 93-year-old is attempting to change the terms of the family's irrevocable trust to ensure his newspapers and television networks remain under the control of his eldest son and chosen Heir laan Murdoch that's according to the New York Times which obtained a sealed Court Document detailing the succession drama the court hearing isn't taking place in the media hubs of New York or London but in Reno Nevada Alise Tyrell and estate planning attorney in Nevada thinks she knows why we do have the ability fairly easy to go into court and for lack of a better way to say it amend an irrevocable trust that by nature is not amendable the trust is the vehicle through which the Elder Murdoch controls News Corp and fox with roughly a 40% state Tak voting shares of each company it currently transfers the voting shares upon his death to his four children including James Murdoch who has donated to Progressive political groups and resigned in 2020 from the news Court board citing disagreements over editorial content Lan Murdoch runs Fox and is the sole chair of News Corp but three of the siblings could potentially outvote him setting up a battle over the future of the companies rert Murdoch's proposed a Amendment to the trust would block any interference by three of laan's siblings who are more politically moderate the times reported citing a sealed Court Document another Nevada estate planning attorney tells Reuters the Elder moch will have to convince the court that the changes would not sacrifice the rights or discriminate against any of the parties that his trust was intended to protect spokespeople for the murdochs declined to comment did not respond to a request for comment could not be reached for comment

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