There’s a secret Succession-style battle over the Murdoch media empire
Billionaire Rupert Murdoch is going to court to push three of his liberal children out of his Fox and News Corp media empires.
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00:00Rupert Murdoch is in a legal battle with three of his children to push them out of his News Corp and Fox Media empires.
00:06According to the New York Times, the billionaire plans to hand control over to his conservative son, Laughlin.
00:12The 93-year-old went to court last year in a bid to increase Laughlin's voting power at the expense of his three other children,
00:19James, Elizabeth, and Prudence, who have grown uncomfortable with the media empire's rightward shift, according to the Times.
00:27In 2019, Laughlin was put in charge of Murdoch's new Fox brand, which was seen as a formal handover of power and the end of a tense succession battle.
00:36However, Murdoch's four children still have an equal say in how the company is run, and Laughlin's siblings appear to have no intention of giving up their voice.
00:44Now Murdoch is trying to prove that a dramatic shift to voting rights is in the best interest of his organization, a move that will give more control of the empire to his son, Laughlin.