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Lachlan Murdoch (born in London), is a media executive and company director; he married the British-Australian model and actress Sarah Murdoch, née O'Hare (b. 1972) in 1999; the couple have three children, [23] [24] Kalan Alexander Murdoch (b. 2004), Aidan Patrick Murdoch (b. 2006) and Aerin Elisabeth Murdoch (b. 2010).
The irrevocable family trust was set up after Rupert and Anna Murdoch's divorce in 1999, to hold the family's 28.5% stake in News Corp. It relates only to the children born before then, giving them equal say in the fate of the business after Rupert's death. [ 180 ]
In September 2024 Rupert Murdoch applied to a Nevada probate court to remove voting rights from his children other than Lachlan, as set out in the irrevocable family trust. The other siblings, Prudence MacLeod , Elisabeth Murdoch , and James Murdoch , are more moderate politically than their father or brother, and Rupert was keen to keep the ...
Murdoch is one of the most influential press barons of the modern age and his family owns prized assets such as Fox News and The Wall Street Journal. The wealthy clan’s public and private dramas ...
The fight in a nutshell: Rupert Murdoch's wealth is tied up in controlling stakes of his two companies — News Corp, which owns properties like the New York Post and The Wall Street Journal, and ...
Through its trust, the Murdoch family controls both Fox Corp and News Corp. Fox owns Fox News, all 29 Fox TV stations, Fox Sports, and other Fox subsidiaries. News Corp owns WSJ , The Times , the ...
News Corp was established in 1980 by Rupert Murdoch as a holding company for News Limited.News Limited was founded in 1923 in Adelaide by James Edward Davidson, funded by the Collins House mining empire for the purpose of publishing anti-union propaganda; [9] [10] subsequently the controlling interest was bought by the Herald & Weekly Times.
The Murdoch Family Trust controls both through its ownership of 39% of the companies’ voting shares. The separation was a move to appease Wall Street, which had agitated for Murdoch to sell his ...