Murdoch's Media Empire Succession Battle Begins Behind Closed Doors

A closed-door court battle over the future control of Rupert Murdoch’s media empire begins on Sept. 16. The case could influence the leadership of Fox News and the Wall Street Journal. Murdoch seeks to amend the family's irrevocable trust to solidify his son Lachlan's control, sparking public interest and legal scrutiny.

A closed-door court battle over control of Rupert Murdoch's media empire begins Sept. 16, potentially shaping the future of Fox News and the Wall Street Journal.

At 93, Murdoch aims to alter the terms of the family's irrevocable trust to ensure his eldest son, Lachlan Murdoch, retains control over his newspapers and television networks. According to a sealed court document obtained by the New York Times, the succession drama is detailed, with media outlets like Reuters seeking access to the records and hearings in Reno, Nevada.

The trust controls News Corp and Fox, with Murdoch holding a 40% stake in voting shares. Upon his death, shares transfer to his four oldest children, risking a potential takeover by a majority vote. Murdoch's proposed amendment would block his more politically moderate children from overruling Lachlan.

News organizations argue for unsealing court records, citing public interest in the outcome, which impacts jobs, media consumers, and the political landscape. However, spokespeople for the Murdoch family have declined to comment.

(With inputs from agencies.)