Murdoch media empire's future hangs in the balance at secret Nevada hearing [Fortune]
News Corporation - Class B (NWS)
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Source: Fortune
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 trus
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