Secret family battle for Murdoch empire revealed in sealed court documents: NYT [Yahoo! Finance]
Fox Corporation - Class B (FOX)
Last fox corporation - class b earnings: 5/10 04:03 pm
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Source: Yahoo! Finance
For years, public intrigue has swirled around what would happen to the Murdoch assets after the death of patriarch Rupert Murdoch, 93, a powerful right-wing media mogul who has for years led Fox Corporation and News Corporation, which publishes The Wall Street Journal and New York Post. The family's vast empire is worth $19.5 billion, according to Forbes estimates – with its behind-the-scenes feuding believed to be the inspiration for the hit HBO series “Succession.” At the center of this latest battle is the Murdoch family trust, which holds key voting shares in both Fox Corp and News Corp. Rupert Murdoch's four eldest children – Lachlan, James, Elisabeth and Prudence – share four votes in the trust equally. But late last year, Rupert Murdoch filed a petition to amend the irrevocable family trust, hoping to instead grant exclusive control to his eldest son and chosen successor Lachlan, according to The Times. Lachlan has been closely aligned with his father for years, and took
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