Rupert Murdoch's bid to ensure son Lachlan controls media empire is rejected as ‘carefully crafted charade' [Fortune]
News Corporation - Class B (NWS)
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Source: Fortune
The first family of news — commanding a stable that includes Fox News, The Wall Street Journal and a host of British and Australian media — had been the inspiration for the hit TV series “Succession.” Related Video Like the fictional version, this real-life fight pitted the children of a powerful patriarch against each other for who should be the face and the voice of the empire after the old man dies. Murdoch, now 93, had long intended that his children inherit the empire, and jointly decide its direction. The eldest daughter, Prudence, has had little involvement in the family business, but at various times the other three — Lachlan, James and Elisabeth — have all been considered as successors. But in recent years Murdoch senior had reportedly grown concerned that Fox News — the crown jewels of the collection — might drift away from its lucrative right-wing moorings after his death, to reflect the more centrist views of James and Elisabeth. He had therefore sought to des
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