A Juicy Read

Created
Tue, 10/12/2024 - 10:00
Updated
Tue, 10/12/2024 - 10:00
I think everyone knows that the HBO masterpiece “Succession” was based upon the Murdoch family. Well, it turns out that the family has actually based some of its actions on “Succession.” The NY Times (link below) reports that a court in Nevada has ruled today that Rupert and Lachlan Murdoch can’t change the irrevocable trust to block the rest of the kids from having any influence on Fox News. He came down hard on them apparently but this isn’t the end of the story. I guess there are appeals and also some end runs to get the job done. But this is just fascinating: The legal maneuvering came to a head during several days of sealed, in-person testimony in Reno in September by Mr. Murdoch, Lachlan, James, Elisabeth, Prudence and a number of their representatives on the trust. The proceedings revealed that Mr. Murdoch’s children had started secretly discussing the public-relations strategy for their father’s death in April 2023. Setting off these discussions was the episode of the HBO drama “Succession,” the commissioner wrote, “where the patriarch of the family dies, leaving his family and business in chaos.” The episode prompted Elisabeth’s representative to the trust, Mark Devereux, to write a “‘Succession’ memo” intended to help avoid a real-life repeat. […] Mr. Murdoch established the Murdoch Family Trust in 2006, years after he had married his third wife, Wendi Deng, and they had two children of their own, Grace and Chloe. Under the trust, he retains control over the business…