Market
Will there be a new legal decision altering the Murdoch family trust control by December 31, 2025?
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Rupert Murdoch•Lachlan Murdoch•Nevada•Murdoch•Fox News•Lachlan•James•Elisabeth•Prudence•HBO•Succession
Resolution / Starting Odds
Yes • 50%
No • 50%
Court filings or verified news reports
Story
Court Rejects Rupert Murdoch's Bid to Give Son Lachlan Sole Control of Fox News
Dec 10, 2024, 09:54 AM
Rupert Murdoch has lost a legal battle to alter his family trust to grant sole control of his media empire to his eldest son, Lachlan Murdoch. A Nevada probate commissioner rejected Murdoch's attempt, citing 'bad faith' actions and deeming it a 'carefully crafted charade'. The proposed change would have shifted control of assets, including Fox News, solely to Lachlan upon Murdoch's death, rather than dividing it equally among his four children—Lachlan, James, Elisabeth, and Prudence, as the trust currently stipulates. The other three children opposed the change and welcomed the court's decision. The case drew comparisons to the HBO drama 'Succession', mirroring the fictional family's struggles over media empire control. Court documents also revealed that the Murdoch children had begun discussing a PR strategy for their father's death after watching 'Succession'.
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Appeal withdrawn • 25%
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Yes • 50%
No • 50%
James Murdoch • 25%
Lachlan Murdoch • 25%
Rupert Murdoch • 25%
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Lachlan Murdoch gains control • 25%
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Control shared equally among children • 25%
Rupert Murdoch retains control • 25%
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Yes • 50%
Business strategy • 25%
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Family decision • 25%
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Out of Court Settlement • 34%
Appeal Successful • 33%
Appeal Unsuccessful • 33%
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Settlement Reached • 34%
Appeal Unsuccessful • 33%
Appeal Successful • 33%