- cross-posted to:
- legalnews@lemmy.zip
- cross-posted to:
- legalnews@lemmy.zip
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.
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“…his father is arguing that his political
beliefshate and disinformation are essential to maintaining the value of the right-leaning media company.”*Formerly Secret
Succession
That show was great. I really enjoyed this skit were the kids all the kids want some of Logan’s M&M
I have never seen that skit before and it is uncanny how well they managed to capture the dialog delivery of those characters.
He did another one where they order a pizza. It’s phenomenal
deleted by creator
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.
he wants to secure his companies pass to the most conservative in his family, the clown show must go on
He is the largest of the clan. Why not just eat them?
Why does Ross, the largest friend, not simply eat the other five?
Funny enough, he’s not wrong. If his media empire became less biased, it would be less useful to billionaires.
Just die you old bitch
Me when I see an adult Mayfly in my kitchen.
Nothing wrong with Rupert that a pillow over the face for about 5 minutes wouldn’t fix. Go visit daddy at the hospital, kids.
I have this same problem in Crusader Kings.
Murdoch trying to unlock primogeniture before he kicks it.
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
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.
Oh I thought he was ducking fead. Inheritance? 😕 Meh. Who cares.
