Rupert Murdoch's Plan To Protect His Outlet's Right-Wing Slant Rejected By Court, Report Says [Forbes]
News Corporation - Class B (NWS)
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Source: Forbes
preserving the right-wing slant of his media empire—which includes Fox News and The Wall Street Journal—was rejected by a Nevada court over the weekend, The New York Times reported Monday, after a months-long legal battle with his other children. Rupert Murdoch, left, and Lachlan Murdoch on July 13, 2017 in Sun Valley, Idaho. Getty Images Key Facts A Nevada commissioner ruled that Lachlan and Rupert Murdoch acted in "bad faith” when they tried to grant exclusive control of the family trust to Lachlan, which would have locked out the three other children who were set to get equal voting shares upon their father's death. A lawyer for Rupert Murdoch, Adam Streisand, told the Times they intend to appeal the ruling. The succession drama of the Murdoch family—which had an estimated net worth of $22.5 billion as of Monday—took center stage in September when the family began to battle it out in court over Murdoch's petition to change his will. Murdoch, 93, was originally set to gr
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