Mr Murdoch reportedly plans to appeal after being prevented from amending his family trust and deciding who will be in charge of his assets when he dies.
An attempt by Rupert Murdoch to change who controls the future of his media empire has been blocked, according to reports in The New York Times. The newspaper claims a sealed court document accuses the 93-year-old of acting in 'bad faith' by attempting to amend his family trust to benefit his eldest son, Lachlan. Currently, the trust passes control of the company equally among Mr Murdoch's four oldest children - Lachlan, James, Elisabeth and Prudence - after his death.
The newspaper also described that, in the commissioner's opinion, it was an attempt to 'permanently cement Lachlan Murdoch's executive roles' inside the empire 'regardless of the impacts such control would have over the companies or the beneficiaries' of the family trust. Potentially, three of the heirs could out-vote a fourth, setting up a battle over the future of the companies. A spokesman for Mr Murdoch could not immediately be reached for comment.
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