Murdoch, 93, set the drama in motion late last year, when he made a surprise move to change the terms of the Murdochs' irrevocable family trust to ensure that his eldest son and chosen successor, Lachlan, would remain in charge of his vast collection of television networks and newspapers.
The trust currently hands control of the family business to the four oldest children when Murdoch dies. But he is arguing that only by empowering Lachlan to run the firm without interference from his more politically moderate siblings can he preserve its conservative editorial bent, and thus protect its commercial value.
Those three siblings-James, Elisabeth, and Prudence-were caught completely off-guard by their father's effort to rewrite what was supposed to be an inviolable trust and have united to stop him. Lachlan has joined on Murdoch's side. The ensuing battle has been playing out entirely out of public view.
Last month, the Nevada probate commissioner found that Murdoch could amend the trust if he is able to show he is acting in good faith and for the sole benefit of his heirs, according to a copy of his 48-page decision. A trial to determine whether Murdoch is in fact acting in good faith is expected to start in September. Hanging in the balance will be the future of one of the most politically influential media companies in the world.
Representatives for the two sides declined to comment. Both have hired high-powered litigators.
この記事は Business Standard の July 26, 2024 版に掲載されています。
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この記事は Business Standard の July 26, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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