A seismic shift could be on the horizon for conservative media as Rupert Murdoch faces a significant setback in his battle to maintain control over Fox News and the Wall Street Journal. The 93-year-old media mogul, who built an empire shaping center-right discourse, recently lost a court case that may leave his flagship outlets vulnerable to liberal influence.
Murdoch’s attempt to modify his family trust and secure his eldest son, Lachlan Murdoch, as the heir to his media throne hit a roadblock. According to documents obtained by the New York Times, Nevada Commissioner Edmund J. Gorman Jr. ruled against Murdoch, accusing him of acting in “bad faith.” The ruling described Murdoch’s efforts as a “carefully crafted charade” aimed at ensuring Lachlan’s continued control over the empire, regardless of its broader implications for the family or the business.
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This trust, which divides News Corp.’s assets equally among Murdoch’s four adult children, is now the focal point of a family power struggle. Murdoch’s failure to amend the trust raises the possibility that Fox News and the Wall Street Journal, cornerstones of conservative media, could take a turn toward a more liberal or mainstream editorial direction.
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