A Nevada probate commissioner rejected Rupert Murdoch's effort to amend his family trust and secure sole control of his media empire for his eldest son, Lachlan Murdoch. Edmund Gorman Jr. ruled the move excluded Lachlan's three siblings from equal control upon Murdoch's death and called it a carefully crafted charade. The decision follows a seven-day hearing highlighting familial tensions over political and business dynamics. Lachlan is Fox Corporation's CEO and aligns with his father’s conservative ideology, but his siblings reportedly do not. Gorman’s recommendation now heads to a district judge for final approval.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02An abandoned probate commissioner rejected Rupert Murdoch's efforts to amend his family
00:06trust and secure sole control of his media empire for his eldest son, Lachlan Murdoch.
00:10Edmund Gorman Jr. ruled the move excluded Lachlan's three siblings
00:14from equal control upon Murdoch's death and called it a carefully crafted charade.
00:19The decision follows a seven-day hearing and highlights familial tensions
00:22over political and business dynamics. Lachlan is Fox Corporation's CEO
00:27and aligns with his father's conservative ideology, but his siblings reportedly do not.
00:31Gorman's recommendation now heads to a district judge for final approval.