The future of media mogul Rupert Murdoch’s empire hangs in the balance as a court battle over a £14.9bn family trust begins in the US. The 93-year-old billionaire is facing off against three of his eldest children in a fight for control over News Corp and Fox News after his passing.
Mr. Murdoch reportedly wanted to amend the family trust to ensure son Lachlan could take control without interference from his siblings Prudence, Elisabeth, and James. This move has sparked a rift within the family, with the siblings uniting to challenge their father’s plans.
The private court case, taking place in Reno, Nevada, has barred media outlets from the proceedings. Testimony from Mr. Murdoch and his four children named in the trust is expected to unfold over the next week. The outcome of the case could result in a settlement or a prolonged legal battle if one side chooses to appeal.
The Murdoch family’s struggles have drawn comparisons to the hit TV series Succession, which focuses on the power struggles within a wealthy media dynasty. Mr. Murdoch’s media empire, built up over decades, includes major newspapers like the Times and the Wall Street Journal, as well as Fox News.
As the court battle unfolds, the future of the Murdoch dynasty remains uncertain. With differing opinions and political views at play, the outcome of the case could have far-reaching implications for the media landscape.
