The move by the billionaire news mogul, 93, could have a ‘real, significant impact’ on the global media landscape
n elderly billionaire goes to war with his adult children over the future of his media empire. His only ally is his eldest son, crowned leader of his father’s enterprise after years of jostling with his siblings.
This may sound akin to HBO’s Succession, but it’s life imitating art – which was, in turn, imitating life. Both sides, according to the Times, have bulked up on high-profile lawyers. William Barr, the former US attorney general, is helping Murdoch rewrite the trust, and he has also hired Adam Streisand, a trial lawyer who previously worked on estate cases involving Michael Jackson and Britney Spears.
Murdoch is seemingly keen to avoid this prospect. Conservatism has been the backbone of his empire since its inception. It has proved to be remarkably profitable. In the summer of 2020, James – once a senior executive at News Corp – announced he was resigning from the board over “disagreements over certain editorial content”. He and his wife, Kathryn, were particularly vocal about the climate crisis and seemed to resent Fox News and News Corp’s climate denialism.have said they usually lean more conservative than his father’s.
James, Elisabeth and Prudence can argue that supporting Trump hasn’t been all that good for the network. In 2021, Dominion sued the network for $1.6bn in a defamation suit after Trump allies at the network said the voting-equipment company had been involved in a plot to steal the 2020 election.with Dominion for $787.5m, although it was pocket change compared to the $14.9bn in revenue the wider company made during its 2023 fiscal year.
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