Rupert Murdoch
Share and Follow

Rupert Murdoch’s chosen son Lachlan will remain in charge of the family business for the foreseeable future, forestalling a predicted challenge from his siblings over the political bent of the conservative media empire.

A protracted legal battle over the future of the Murdoch family trust was resolved on Monday, according to statements from the two companies, Fox Corp and News Corp.

The Murdoch family’s existing trust setup is being replaced, which means the three Murdoch children who might have wanted to mount a power play once the patriarch dies will no longer have powerful voting shares in the companies.

Rupert Murdoch
A protracted legal battle over the future of the Murdoch family trust was resolved on Monday, according to statements from the two companies, Fox Corp and News Corp. (AP Photo/Noah Berger)
Lachlan Murdoch
Rupert Murdoch’s chosen son Lachlan will remain in charge of the family business for the foreseeable future. (Jessica Hromas)

The legalese refers to Prudence MacLeod, Elisabeth Murdoch and James Murdoch as the “departing members.”

James has been deeply troubled for years about Fox News Channel’s right-wing programming and about other aspects of the family business.

Thus, Fox critics have long wondered if James could attempt a takeover, wresting power away from Lachlan, who currently runs both Fox and News Corp.

Murdoch inheritance
The Murdochs. Father Rupert (left) and clockwise from top: Lachlan, Elisabeth, Prudence and James. (Nine)

Monday’s resolution seems to rule out that possibility.

Lachlan and two younger sisters, Grace and Chloe, will have shares in a new trust that will have the controlling stakes in both companies.

The announcement came after the elder Murdoch sought to amend the original family trust to ensure that Lachlan will remain in charge for decades to come, prompting a secret court battle in Nevada.

Lachlan Murdoch, center, and his wife Sarah arrive at the Second Judicial District Court in Reno, Nev., on Monday Sept. 16, 2024. (AP)

The court ruled against Rupert Murdoch last winter, which apparently triggered legal talks that resulted in what the companies called a “mutual resolution of the legal proceedings in Nevada.”

According to the corporate filings, all the litigation has been resolved.

This is a developing story and will be updated.

Sign up here to receive our daily newsletters and breaking news alerts, sent straight to your inbox.
Share and Follow
You May Also Like
Ioannis Vidiniotis, 28, was swimming with his loved ones at Cottlesoe Beach in Perth - the city's postcard location - on New Year's Eve when he struck his head on a sandback.

Heartbreaking NYE Incident at Iconic Aussie Beach Leaves Tourist Facing Life-Altering Consequences

A Greek tourist visiting his family in Australia for the holidays may…

Australia Issues Travel Advisory as Iran Reopens Airspace to Middle East Travelers

The Australian government has sent fresh warnings for travellers to the Middle…
A member of the Iranian paramilitary Basij force holds an Iranian flag as he covers her face in the Palestinian and Lebanese militants style in an annual rally to mark Quds Day, or Jerusalem Day, to support the Palestinians in Tehran, Iran, Friday, April 5, 2024.

Unveiling the Secretive Vigilante Group: Unlawful Street Patrols Result in Civilian Casualties

The Basij – officially the Organisation for Mobilisation of the Oppressed –…
Private school teacher accused of plot to 'pimp' out drugged children

Private School Educator Allegedly Involved in Scheme to Exploit Drugged Students

Warning: This article contains content that may be distressing for some readers.…

Massive Social Media Purge: Nearly 5 Million Australian Accounts Deleted in One Week

Nearly 5 million social media accounts were wiped in the first week…
Sydney Airport chaos: Dozens of flights cancelled and delayed in worst disruption to air travel since Covid

Sydney Airport Experiences Major Disruptions: Numerous Flights Cancelled and Delayed in Most Significant Air Travel Disruption Since Covid

<!– <!– <!– <!– Sydney Airport is currently experiencing significant turmoil due…
Kristi Noem

U.S. Authorities Confiscate Sixth Sanctioned Tanker Allegedly Linked to Venezuela

Homeland Security Secretary Kristi Noem revealed on social media that the US…
Cars underwater in Wye River flooding

Flash Floods Hit Victorian Tourist Spot, Sweeping Cars into the Ocean

An emergency warning has been issued as flash flooding inundates a popular…