• yesterday
Nevada Probate Commissioner Edmund J. Gorman Jr. has ruled against Rupert Murdoch's attempt to amend his family trust to secure control of Fox News for his son, Lachlan Murdoch. Gorman Jr. called the effort a "carefully crafted charade" and found both Murdoch and his son acted in "bad faith." The ruling blocks Murdoch's bid to ensure Fox News retains its conservative editorial stance by altering the irrevocable trust, which divides control of the family business equally among Murdoch's four children.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Nevada Probate Commissioner Edmund J. Gorman Jr. is ruling against Rupert Murdoch's attempt
00:07to amend his family trust to secure control of Fox News for his son,
00:10Lachlan Murdoch. Gorman Jr. called the effort a carefully crafted charade
00:15and found both Murdoch and his son acted in bad faith. The ruling blocks Murdoch's bid
00:20to ensure Fox News retains its conservative editorial stance by altering the irrevocable
00:24trust, which divides control of the family business equally among Murdoch's four children.
00:29For all things money, visit Benzinga.com slash GSTV.

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