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A Nevada commissioner has ruled against Rupert Murdoch’s bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan, the New York Times reports, citing a sealed court document. Nevada commissioner Edmund Gorman concluded in a decision filed on Saturday that Rupert Murdoch and Lachlan, who is the head of Fox News parent Fox Corp and News Corp, had acted in “bad faith” in their effort to amend the irrevocable trust, the Times reported.
Potentially, three of the heirs could out-vote a fourth, setting up a battle over the future of the companies, even as Lachlan Murdoch runs Fox and is sole chair of News Corp. A spokesman for Rupert Murdoch, 93, could not immediately be reached for comment. Rupert Murdoch’s proposed amendment would have blocked any interference by three of Lachlan’s siblings, who are more politically moderate.
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