But the executive transition does not settle another potential power play that could occur upon Rupert Murdoch’s death, as framed by a document called the Murdoch Family Trust.
It is the vehicle through which the elder Murdoch controls News Corp and Fox Corp, through a roughly 40% stake in voting shares of each company.
The Murdoch Family Trust has eight votes: four of which are controlled by Murdoch, and the remaining four controlled by the four children from his first two marriages.
Upon succession, the four older children will equally inherit Murdoch’s voting shares in the trust, according to Alice Enders, Head of Research at Enders Analysis.
The shares in Fox and News Corp owned by Murdoch’s children through the trust are a combination of both classes of shares.
Persons:
Rupert Murdoch, Lachlan, Mike Blake, Lachlan Murdoch, Rupert Murdoch’s, Murdoch, Prudence, Elisabeth, James –, Murdoch’s, Chloe, Grace, Wendi Deng, Alice Enders ,, “ It’s, ”, Enders, “, Helen Coster, Stephen Coates
Organizations:
Fox Executive, Allen, REUTERS, News Corp, Corp, Fox Corp, Trust, The, Alice Enders , Head, Research, Enders Analysis, Fox, Thomson
Locations:
Sun Valley , Idaho, Murdoch, The Reno , Nevada, Melbourne, New York