FAMILY TRUSTS – UNITED STATES

Siblings paid to exit Murdoch media empire

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 15 : 10-Sep-25

Sources have indicated that the Murdoch family has settled the long-running dispute over future control over its media empire in a deal worth $US3.3bn ($5bn). Rupert Murdoch’s eldest son Lachlan is set to assume full control of the family’s stakes in News Corp and Fox Corporation, ending the dispute with his siblings. Prudence MacLeod, Elisabeth Murdoch and James Murdoch will each receive $US1.1bn, while they have also agreed to sell all of their shares in the two companies over the next six months. The family trust that was at the centre of the legal dispute between the Murdochs will be dissolved as part of the deal.

CORPORATES
NEWS CORPORATION – ASX NWS, FOX CORPORATION

Rupert Murdoch loses bid to change control of family trust

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Original article by Jessica Toonkel, Katherine Sayre
The Australian – Page: 15 : 11-Dec-24

Nevada probate commissioner Edmund Gorman jnr has rejected a bid by media mogul Rupert Murdoch to change the terms of a family trust in favour of his oldest son, Lachlan. At present, Murdoch’s four oldest children will have equal control of the 93-year-old’s media empire when he dies; however, Murdoch had sought to give Lachlan full control of the trust, and therefore its voting stakes in News Corporation and Fox Corp. A lawyer for Murdoch has flagged plans to appeal the ruling.

CORPORATES
NEWS CORPORATION – ASX NWS, FOX CORPORATION

Headaches for Murdochs in battle for trust

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Original article by Sam Buckingham-Jones
The Australian Financial Review – Page: 17 & 20 : 11-Sep-24

A probate court in Nevada will shortly commence hearing Rupert Murdoch’s bid to change the terms of a family trust to ensure that eldest son Lachlan has control of the magnate’s media empire when he dies. Three of Murdoch’s other children are insisting that all four siblings retain equal voting rights. Documents that were recently filed with the court show that the Murdochs want rival media outlets such as CNN and The New York Times to be barred from the courtroom; amongst other things, the Murdochs contend that their personal safety would be at risk if the court proceedings were open to the media.

CORPORATES
NEWS CORPORATION – ASX NWS, FOX CORPORATION