259
submitted 4 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Billionaire media tycoon, 93, attempting to secure Lachlan Murdoch’s control rather than assets going to all children

Rupert Murdoch is in a secret legal battle pitching the ageing mogul and his heir apparent, Lachlan Murdoch, against three of his other children, according to documents seen by the New York Times.

Murdoch, 93, is attempting to secure Lachlan Murdoch’s control of the family’s media empire by changing the terms of a family trust that would have also given younger brother James, sister Elisabeth and half-sister Prudence a say in how the company is run.

Currently, the trust would hand control of the billionaire media tycoon’s sprawling empire to his four eldest children when he dies. But according to sealed court documents obtained by the New York Times, Murdoch is arguing that Lachlan should have sole control of the family’s investments in Fox News, the Wall Street Journal, the New York Post, the Australian and other assets, including the Sun and the Times in the UK.

Lachlan Murdoch is seen as the most conservative of Murdoch’s children and his father is arguing that his political beliefs are essential to maintaining the value of the right-leaning media company.

all 21 comments
sorted by: hot top controversial new old
[-] Gloria@sh.itjust.works 56 points 4 months ago

"...his father is arguing that his political ~~beliefs~~ hate and disinformation are essential to maintaining the value of the right-leaning media company."

[-] dogsnest@lemmy.world 51 points 4 months ago

*Formerly Secret

[-] GustavoFring@lemmy.world 40 points 4 months ago
[-] Heikki@lemm.ee 23 points 4 months ago
[-] Stovetop@lemmy.world 8 points 4 months ago

I have never seen that skit before and it is uncanny how well they managed to capture the dialog delivery of those characters.

[-] borf@lemmynsfw.com 3 points 4 months ago

He did another one where they order a pizza. It's phenomenal

[-] ReallyActuallyFrankenstein@lemmynsfw.com 39 points 4 months ago* (last edited 4 months ago)

Murdoch is said to have dubbed the bid “Project Harmony”, based on the belief that it would see off the prospect of a power struggle within the family after his death. But his children were reportedly blindsided by the move.

The 1984 double-speak of calling this "Project Harmony" - a bid to secretly subvert equal rights in the organization by installing one supreme leader - is so on-brand. Just...chef's kiss.

[-] Crackhappy@lemmy.world 33 points 4 months ago

He is the largest of the clan. Why not just eat them?

[-] SirDerpy@lemmy.world 10 points 4 months ago

Why does Ross, the largest friend, not simply eat the other five?

[-] expatriado@lemmy.world 33 points 4 months ago* (last edited 4 months ago)

he wants to secure his companies pass to the most conservative in his family, the clown show must go on

[-] Gradually_Adjusting@lemmy.world 32 points 4 months ago

Funny enough, he's not wrong. If his media empire became less biased, it would be less useful to billionaires.

[-] heavy@sh.itjust.works 30 points 4 months ago
[-] CluckN@lemmy.world 5 points 4 months ago

Me when I see an adult Mayfly in my kitchen.

[-] ikidd@lemmy.world 18 points 4 months ago

Nothing wrong with Rupert that a pillow over the face for about 5 minutes wouldn't fix. Go visit daddy at the hospital, kids.

[-] Cagi@lemmy.ca 16 points 4 months ago

I have this same problem in Crusader Kings.

[-] grte@lemmy.ca 11 points 4 months ago

Murdoch trying to unlock primogeniture before he kicks it.

[-] DragonTypeWyvern@midwest.social 8 points 4 months ago

Dumbass doesn't know about seniority+heir designation.

Aka

A will, you dumb old bastard.

Oh but to awaken to news of his untimely death... Soon. Soon i will throw my cup of piss in the wind

[-] Delusional@lemmy.world 5 points 4 months ago

Will they take it over and end his reign of terror on america or will they continue it?

It honestly doesn't matter really. He's already brainwashed a portion of the country to be in a cult. The damage has been done and can't be undone. Evil man does evil things and gets away with it for decades because money.

[-] werefreeatlast@lemmy.world 1 points 4 months ago

Oh I thought he was ducking fead. Inheritance? 😕 Meh. Who cares.

this post was submitted on 25 Jul 2024
259 points (99.6% liked)

News

23409 readers
1788 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS