Rupert Murdoch is seeking to alter a family trust to ensure Lachlan remains in control after his death to preserve the media businesses as a conservative force.
James Murdoch, 51, added his name to a list of 88 US business leaders who have thrown their support behind the Democratic nominee in what they called an effort to preserve American democracy.In a veiled attack on Donald Trump, they said Ms Harris would guarantee “fair and predictable policies that support the rule of law”.as a cabinet secretary overseeing government efficiency if he were to win in November.The wave of endorsements for Harris included former chief executives of PepsiCo and Ford.
But Rupert Murdoch is seeking to alter the trust to ensure Lachlan remains in control after his death to preserve the media businesses as a conservative force – a move that James and his other siblings oppose.Rupert Murdoch will have to prove to a probate court that he is acting “in good faith and for the sole benefit of the heirs”, despite the opposition of three of those heirs.
The Fox network clashed with the former president after his claims the 2020 election was stolen. But Trump has since begun appearing more regularly on the station, with reports that the Trump campaign has been courting Lachlan.It comes at a time when Trump is falling behind Harris in a campaign funding battle, with the vice-president raising $361 million in August, nearly three times as much as Trump’s $US130 million.
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