Part 3/9:
The business narrative shifted towards the Murdoch family's media empire, where Rupert Murdoch's attempts to alter his family trust and designate his son Lachlan as the successor have hit a roadblock. This legal setback underscores a brewing battle among Rupert’s four oldest children—Prudence, Elizabeth, Lachlan, and James—over the future control of the family’s media assets.
Kelvin McKenzie, the former editor of The Sun, pointed out that Lachlan's appointment is viewed as essential for the conservative management style Rupert favors, especially concerning major assets like Fox News. In contrast, James is perceived as a more progressive, “woke” figure, raising concerns about his potential changes to the news business, which has historically been a significant revenue generator.