TRUSTS AND TRUSTEES

Murdochs at war – through media

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Original article by Myriam Robin
The Australian Financial Review – Page: 13 & 16 : 18-Feb-25

A dispute among the members of the Murdoch family over the future control of their media empire has been aired in public in recent days, with particular reference to an interview with James Murdoch. The dispute centres around the attempts of Rupert Murdoch to change the terms of a family trust so that his favoured son Lachlan gets sole control of it, while his siblings James, Elisabeth and Prudence miss out on what would be eventually gaining a majority control of it. Rupert Murdoch’s efforts have so far failed, and an appeal against a legal decision that went against him is not likely to succeed. It is suggested that the dispute could be settled by buying out James, Elisabeth and Prudence on terms that are more favourable than the 60 per cent of market value that they have been offered.

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The future of the Murdoch empire comes down to a court in Nevada

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Original article by Jim Rutenberg
The Sydney Morning Herald – Page: Online : 17-Sep-24

Edmund Gorman Jr is about to decide the future of the Murdoch family’s media empire in a courthouse in Reno in Nevada, with Gorman being a county probate commissioner. Gorman is expected to hear testimony from Rupert Murdoch and his four eldest children, with Murdoch seeking to change the terms of a ‘irrevocable’ family trust he agreed to some two decades ago. The trust gives Lachlan Murdoch and his three other siblings listed in the trust equal say over the controlling shares of the family’s companies after Rupert Murdoch’s death, but Rupert Murdoch wants Lachlan Murdoch to get full control of them.

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