Battle Over Control of Murdoch Empire Plays Out in a Reno, Nevada Closed Courtroom
A battle over control of Rupert Murdoch’s global television and publishing empire begins Monday in a Reno, Nevada courtroom, where a judge will consider the contentious matter of succession.
Murdoch, 93, is attempting to change the terms of the family’s trust — which holds significant stakes in Fox News parent Fox(FOXA.O), and Wall Street Journal owner News Corp (NWSA.O). The billionaire is looking to ensure that, upon his death, the media companies remain under control of his eldest son, Lachlan Murdoch, according to the New York Times, which obtained a sealed court document detailing the succession drama.
Read more at Reuters.