Report: Rupert Murdoch Plan to Change Family Trust Stumbles
A Nevada Probate Court commissioner rejected media tycoon Rupert Murdoch's efforts to amend his family trust so that son Lachlan would have total control over Murdoch's media businesses upon the elder Murdoch's death, The New York Times reported Monday. Lachlan…
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Murdoch is chairman of News Corp. and CEO of Fox Corp. The Times reported that the court commissioner said the sought-after trust changes were being pursued in bad faith.