Just saw Alex Wagner interview Angelo Curosone RE palace intrigue at Fox & the strong possibility the other three Murdoch children in the family trust might overpower Lachlan & change the direction of the entire corporation, including Fox News, & now I may be more eager for Rupert to kick than Trump
— Dana Houle (@danahoule.bsky.social) December 10, 2024 at 9:28 PM
Backstory, per the Guardian:
A Nevada court dealt nonagenarian media mogul Rupert Murdoch a major blow on Monday. And one that could – potentially – shatter his plans to secure his rightwing legacy.
Behind closed doors, Murdoch has been involved in a legal battle for control of the family’s media assets, pitching the mogul and Lachlan Murdoch, his political protege and heir apparent, against the patriarch’s three other oldest children.
The battle isn’t about money – it’s about power. The senior Murdoch wanted to change the family’s trust to ensure that Lachlan, CEO of Fox Corporation and chairman of News Corp, would control the empire after his death rather than sharing power with his siblings James, Elisabeth and Prudence…
The spat will not end here but by failing to secure his eldest as his rightwing successor, Murdoch now faces the prospect that following his death – more liberal Murdochs may want a say in the the content flowing from what is now the world’s most powerful conservative media empire.
That Fox News, the Wall Street Journal, the Times, the Sun, the Australian and others under the News Corp umbrella could move in a different political direction would be bad for business, as Murdoch’s attorneys are believed to have argued in court. Fox News is the most-watched cable news show in the US and reported revenues of $14bn for fiscal year 2024. But while that may or may not happen, the business won’t benefit from replacing a media titan like Murdoch with squabbling siblings.
“This is the end of News Corp,” said a former high-level Murdoch lieutenant speaking on condition of anonymity. “The whole point is that unless one person runs it they can’t make decisions so they will fight over the direction of Fox News. Who is the editor of the Wall Street Journal? It will be controlled by the kids, become directionless, and lose its rightwing focus,”…
Just losing this fight can’t have been good for the old man’s blood pressure, either, I’m thinking.
Open for debate, if you’re squeamish about karma, but…