The claim that this man’s assets are Conservative has annoyed those on the Right for at least 3 or 4 years.
Rupert Murdoch, the media mogul at the helm of a vast media empire, is embroiled in a secret legal battle against three of his children. At 93, Murdoch aims to ensure the future leadership of his supposed conservative media outlets, including Fox News and The Wall Street Journal, by altering the terms of the family’s irrevocable trust. This change would secure his eldest son, Lachlan Murdoch, as the primary decision-maker, sidelining his more politically moderate siblings: James, Elisabeth, and Prudence.
The Secret Battle for the Future of the Murdoch Empire (@jimrutenberg @jonathanmahler – @nytimes) https://t.co/9laLKakSML
— MediaREDEF (@MediaREDEF) July 25, 2024
The move, known as “Project Harmony,” is intended to maintain the conservative editorial stance of the Murdoch empire, which Rupert believes is crucial for the company’s commercial success. However, the other three children, feeling blindsided by this maneuver, have united to contest their father’s efforts, arguing that the existing trust provides equal governance and that any changes would be against its spirit.
The legal proceedings, which are taking place in a Reno probate court, have yet to determine whether Murdoch’s actions are in good faith and genuinely for the benefit of all heirs. The court’s decision will have significant implications for the future of the Murdoch media conglomerate, particularly in terms of its political direction and control.
Murdoch biographer @claireatki has revealed how Rupert Murdoch is seeking to retain control of his empire—and his legacy—even from the beyond the grave.https://t.co/QnRSQMo4S1
— The Daily Beast (@thedailybeast) July 25, 2024
This conflict has already caused a rift in the Murdoch family, evident in the absence of the three contesting siblings from Rupert Murdoch’s recent wedding. The trial, set to begin in September, will explore whether Murdoch’s move to consolidate power in Lachlan’s hands is justified, or if it unfairly marginalizes the other family members.
Key Points:
- Rupert Murdoch seeks to alter the family trust to secure Lachlan as the leader of his media empire.
- Murdoch’s other children, James, Elisabeth, and Prudence, oppose this change, citing concerns over fair governance.
- The dispute centers on maintaining the conservative editorial stance of the Murdoch-owned media outlets.
- The legal battle, known as “Project Harmony,” is being fought in a Reno probate court.
- The outcome will determine the future control and political direction of the Murdoch media empire.
Lap Fu Ip – Reprinted with permission of Whatfinger News
