Current:Home > MarketsOliver James Montgomery-Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada -TrueNorth Capital Hub
Oliver James Montgomery-Control of the Murdoch media empire could be at stake in a closed-door hearing in Nevada
Algosensey View
Date:2025-04-08 05:02:37
RENO,Oliver James Montgomery Nev. (AP) — A probate court in Nevada is set to begin reviewing evidence behind closed doors in a case that could determine who will control Rupert Murdoch’s media empire after his death.
Murdoch, 93, arrived at court Monday for the hearing. Last year, he moved to change the terms of his irrevocable family trust in a bid to ensure that his eldest son, Lachlan, remains in charge of his cadre of newspapers and television networks, including The Wall Street Journal and Fox News Channel, according to reporting by The New York Times based on a sealed court document.
Evidentiary hearings in the case are scheduled to run through Tuesday of next week. The court has kept the hearings closed to the public and most documents sealed, largely rejecting requests for access by news organizations including The Associated Press.
The trust was originally set up to give equal control over Rupert Murdoch’s businesses to his four oldest children upon his death, according to the Times.
Murdoch stepped down as leader of both Fox News’ parent company and his News Corp. media holdings last fall. He is arguing that to preserve his businesses’ commercial value for all his heirs, the trust must be changed so Lachlan can ensure his newspapers and TV networks continue to have a conservative editorial outlook, the Times reported.
Lachlan succeeded his father as chairman of News Corp. in November. He’s also executive officer at Fox Corp., home to conservative news network Fox News, the Fox broadcast and sports networks, and local TV stations. The media empire spans continents and helped to shape modern American politics.
Rupert Murdoch’s bid to change the trust has pitted him against his other three children named as beneficiaries: James, Elisabeth and Prudence, and they have united to stop their father from revising the trust, according to the Times.
Irrevocable trusts are typically used to limit estate taxes, among other reasons, and can’t be changed without permission from the beneficiaries or via a court order.
Nevada Probate Commissioner Edmund J. Gorman of the Second Judicial District Court in Reno ruled this summer that Rupert Murdoch could amend the trust if he can show that he is acting in good faith and for the sole benefit of his heirs, the Times reported.
The court’s ruling notes that Murdoch sought to give Lachlan permanent and exclusive control over his companies because the mogul was worried that a lack of consensus among his children could affect the strategic direction at his companies, including potentially leading to a change in editorial policy and content, according to the Times report.
___
Associated Press writer Alex Veiga in Los Angeles contributed to this report.
veryGood! (17811)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Brian Austin Green and Sharna Burgess Are Engaged
- U.S. Housing Crisis Thwarts Recruitment for Nature-Based Infrastructure Projects
- Alabama finds pulse with Jalen Milroe and shows in Mississippi win it could be dangerous
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
- These Best-Selling, Top-Rated Amazon Bodysuits Are All $25 & Under
- Canadian police officer slain, two officers injured while serving arrest warrant in Vancouver suburb
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Why Lindsie Chrisley Blocked Savannah and Siblings Over Bulls--t Family Drama
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Deshaun Watson has been woeful with the Browns. Nick Chubb's injury could bring QB needed change.
- Indiana woman stabs baby niece while attempting to stab dog for eating chicken sandwich
- Ophelia slams Mid-Atlantic with powerful rain and winds after making landfall in North Carolina
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Minnesota Twins clinch AL Central title with win over Los Angeles Angels
- New Jersey house explosion hospitalizes 5 people, police say
- Bribery case against Sen. Menendez shines light on powerful NJ developer accused of corruption
Recommendation
Bodycam footage shows high
New York City further tightens time limit for migrants to move out of shelters
Tarek El Moussa Is Getting Candid on “Very Public” Divorce From Christina Hall
Farm Aid 2023: Lineup, schedule, how to watch livestream of festival with Willie Nelson, Neil Young
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Flamingos in Wisconsin? Tropical birds visit Lake Michigan beach in a first for the northern state
A study of this champion's heart helped prove the benefits of exercise
Oregon, coach Dan Lanning put a massive hit on Colorado's hype machine