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Murdoch's Next Move: How Rupert Could Box Out His Children and Keep Control of the Fox Empire


//business-finance.news-articles.net/content/202 .. children-and-keep-control-of-the-fox-empire.html
Published in Business and Finance on by TheWrap   Print publication without navigation

Rupert Murdoch is appealing the Nevada ruling that doomed his secret plan to amend a family trust, but the 93-year-old still has some options to consolidate control should he ultimately lose, according to experts in family trusts and estate planning,

The article from MSN discusses Rupert Murdoch's potential strategies to maintain control over the Fox empire amidst his children's ambitions. As Murdoch, now 92, considers his legacy, there's speculation on how he might navigate the succession of his media conglomerate. His children, Lachlan, James, and Elisabeth, have varying degrees of involvement and interest in the company. Lachlan is currently the CEO of Fox Corporation, but tensions exist, particularly with James, who has publicly criticized Fox News' direction. The article suggests that Murdoch could use a dual-class share structure to retain control, potentially sidelining his children or setting up a trust that would keep the company's direction aligned with his vision even after his death. This move could prevent any one child from taking full control and ensure that the Murdoch family's influence over Fox remains intact.

Read the Full TheWrap Article at:
[ https://www.msn.com/en-us/money/companies/murdoch-s-next-move-how-rupert-could-box-out-his-children-and-keep-control-of-the-fox-empire/ar-AA1ACgC0 ]

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