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Rupert Murdoch's real-life 'Succession' drama kicks off in Nevada courtroom: 10 things to know

A closed-door court battle over control of Rupert Murdoch’s media empire could determine the future of Fox News and the Wall Street Journal.

Published on: Sept 16, 2024 06:45 pm IST
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A court battle over control of media mogul Rupert Murdoch’s business empire began on Monday, pitting the 93-year-old against three of his six children. Murdoch is locked in a legal dispute as he tries to ensure that after his death, his eldest son and chosen heir, Lachlan Murdoch, retains control of his newspapers and television networks.

Here are 10 things to know about Rupert Murdoch's 'Succession' drama:

  1. Rupert Murdoch wants to change the terms of a family trust that was created in 1999 to make sure that Lachlan Murdoch, 53, can control News Corp and Fox News, according to a New York Times report.
  2. The billionaire's proposed amendment to the trust would block any interference to the running of the business by three of his other olden children - Prudence, Elisabeth and James.
  3. The Murdoch 'Succession' drama plays out in closed-door proceedings in a courtroom in Reno, Nevada.
  4. Rupert Murdoch media empire includes Fox News, The Wall Street Journal, The Sun, The Times of London and hundreds of newspapers in Australia.
  5. Prudence, Elisabeth and James Murdoch are believed to be more moderate in their political views. Lachlan Murdoch, meanwhile, is believed to be more conservative, like this father. While Prudence is 66, Elisabeth and James are in their 50s.
  6. The "irrevocable" trust was set up after the death of his second wife, Anna, who is the mother of Elisabeth Murdoch.Lachlan and James Murdoch. Murdoch's eldest child, Patricia Booker, is his daughter from his first wife.
  7. The final decision of the Nevada court will have huge implications on the vast media landscape that Murdoch owns and the nature of news coverage of conservative news media like Fox.
  8. The popular TV series, Succession, is believed to be based on the inheritance struggles within the Murdoch family.
  9. Murdoch stepped down as the chairman of News Corp and Fox Corp in September last year.
  10. Rupert Murdoch, who has a net worth of $19.5 billion, is the 100th richest person in the world, according to the Forbes Rich List 2024.

Lachlan Murdoch (L), Rupert Murdoch and James Murdoch. (AP)

(With inputs from Reuters)

 
ABOUT THE AUTHOR
Shylaja Varma

Shylaja Varma is the Trending Editor at Hindustan Times. Having worked in some of India’s top newsrooms, she has established herself as a keen observer of internet culture. Her work often bridges the gap between fast-paced digital developments and traditional reportage. From writing about the human toll of disasters and decoding the hottest memes to tracking what Elon Musk, Indian CEOs, billionaires and tech leaders are doing on social media, Shylaja’s editorial lens is defined by accuracy, speed and a deep understanding of the online landscape. She also writes stories about Indians abroad, the NRI life and struggles. She also has a keen eye for stories about Bengaluru and its startup and IT culture, having grown up in the Karnataka capital and seen its evolution. Prior to her current role, Shylaja spent several years at CNN-News18, NDTV and Moneycontrol, where she honed her skills in real-time news reporting and digital storytelling. She started her career in television news, reporting from Bengaluru and New Delhi. Shylaja built Moneycontrol’s Trends vertical and set up the team, turning it into a high-traffic destination. She also did video interviews for events like Startup Conclave and The Creator Economy Summit A microbiology graduate from Mount Carmel College, Bengaluru, she went on to complete a Master’s in Journalism and Audio-Visual Communication from COMMITS, Bengaluru.

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