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☆ Murdoch family battle highlights Nevada's secret trust boom
▼ + stars: | 2024-08-13 | by ( Robert Frank | ) www.nbcnews.com time to read: +6 min

The Murdoch family feud taking place in an obscure Nevada court highlights the state’s surging popularity as a global center of family trusts and a friendly home to the world’s biggest fortunes. The Western state’s fast-growing industry of trust and estate attorneys, trust companies and facilitators keeps a deliberately low profile. At the center of the Murdoch case is the Murdoch Family Trust, which holds the powerful voting shares in News Corp. and Fox Corp. that effectively control the companies. (The trust also contains the family farm in Australia, the Murdoch art collection and its Disney shares.) “Normally a family would have some ties in Nevada to establish trust, either living here or having real estate,” Tyrell said.

Persons: Murdoch, ”, Steven Oshins, ” Oshins, Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Rupert Murdoch, Lachlan, James, Elisabeth, Prudence, it’s, Rupert, Elyse Tyrell, Tyrell Law PLLC, Rupert Murdoch —, It’s, ” Tyrell, “ Organizations: IRS, Division, Trust, News Corp, Fox Corp, Disney, The New York Times, Street Journal, Fox, Henderson , Nevada . Trust Locations: Nevada, “ Nevada, South Dakota, Tennessee , Delaware, U.S, Australia, Henderson , Nevada

☆ How Rupert Murdoch quietly helped Mike Johnson survive Marjorie Taylor Greene’s ouster attempt
▼ + stars: | 2024-05-09 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

But Murdoch was an anomaly, to a large degree, in the right-wing media universe. While Murdoch’s power has waned in recent years, his empire continues to serve as the source of gravity in the right-wing media universe. Without Murdoch Media joining the chorus and denouncing Johnson, Greene’s efforts failed to gain enough momentum to actually jeopardize Johnson’s leadership. Instead, Murdoch — invisibly — helped Johnson escape what could have been a dire situation. After all, elsewhere in right-wing media, Johnson was portrayed as a turncoat.

Persons: Rupert Murdoch, —, Mike Johnson, Marjorie Taylor Greene, Johnson, Greene, MOSCOW MARJORIE ”, Murdoch, Tucker Carlson, Steve Bannon, Charlie Kirk, Breitbart, Donald Trump, Ted Shaffrey, vlogs, Trump, Murdoch — invisibly — Organizations: New York CNN, Republican Party, Fox News, Street Journal, New York, MAGA Media, Republican, Democratic Party, GOP, CNN, MSNBC, Murdoch Media, Trump Locations: New York, Ukraine, Johnson

☆ The big business of the Super Bowl, from competing advertisers to the ultrawealthy networking
▼ + stars: | 2024-02-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at the big business of the Super Bowl, from advertisers to the ultraweal thy . Developing and filming a Super Bowl ad typically runs 50% to 60% more than a regular one. AdvertisementFor some first-time Super Bowl advertisers, the commercial is a jumping-off point for a bigger campaign, writes BI’s Lauren Johnson. The Super Bowl is also a calendar staple for the ultrawealthy, writes BI’s Madeline Berg. A record 68 million Americans are projected to bet $23.1 billion on the Super Bowl, according to the American Gaming Association.

Persons: —, Taylor Swift, Travis Kelce, Patrick Smith, Emily Stewart, that’s, Ryan Joe, Lara O’Reilly, Ryan, BI’s Lauren Johnson, RYU, BI’s Madeline Berg, Elon Musk, Rupert Murdoch —, VistaJet, BI’s Taylor Rains, Grace Kay, it’s, BI’s Juliana Kaplan, Cork Gaines, Usher, David Rosenberg, Quants, Getty, David Butow Here’s, Tesla, Sissie Hsiao, Bard, Gemini, Uber, Dara Khosrowshahi, Lucas Jackson, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ign, Super, Elon, Private, American Gaming Association, San Francisco 49ers, Kansas City Chiefs, Renaissance Technologies, Man, AHL, UBS, Google, Reuters, Merchants, Conference, PepsiCo Locations: Sun Valley, YOLO, New York, London

☆ Rupert Murdoch steps down as chairman of Fox and News Corp.
▼ + stars: | 2023-09-21 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +8 min

Rupert Murdoch is stepping down as chairman of the board of both Fox Corp. and News Corp. , the companies said Thursday. Lachlan Murdoch, one of his sons, will become sole chairman of News Corp. and will continue as Fox Corp.'s executive chair and CEO. At the time, Fox had opposed having the elder Murdoch — as well as other top Fox executives — appearing in person, citing his age. Since July 2022, Murdoch had worked from his home in Montana rather than going into Fox or News Corp. offices, according to a securities filing. News Corp. owns newspapers The Wall Street Journal and New York Post, among other publications, while Fox is the parent company of right-leaning TV networks Fox News and Fox Business.

Persons: Rupert Murdoch, Murdoch, Lachlan Murdoch, –, Joe Biden, Donald Trump, Murdoch's, Fox, Murdoch —, —, Fox wouldn't, Tucker Carlson, Marvin Davis, Michael Wolff's, Read, Lachlan Organizations: Fox Corp, News Corp, Voting Systems, Fox News, Fox, Wall Street, New, New York Post, Fox Business, News, Century Fox, Fox News Channel, Disney Locations: Dominion, Delaware, Montana, New York, Australian, Adelaide, Australia, Britain, U.S, cahoots

The former president has told aides that he has made up his mind not to participate in the debate and has decided to post an online interview with Tucker Carlson that night instead, according to people briefed on the matter. Upstaging Fox’s biggest event of the year would be provocation enough. The decision is a potential source of aggravation for the Republican National Committee chairwoman, Ronna McDaniel, who privately urged him to attend, including in her own visit to Bedminster last month. But Mr. Trump’s primary motive in skipping the debate is not personal animosity toward Ms. McDaniel but a crass political calculation: He doesn’t want to risk his giant lead in a Republican race that some close to him believe he must win to stay out of prison. They spoke on the condition of anonymity because they were not authorized to speak for the campaign.

Persons: Tucker Carlson, Upstaging, Carlson —, Trump, Ronna McDaniel, McDaniel, that’s, Fox —, Rupert Murdoch — Organizations: Republican National, Republican, Fox Corporation Locations: Bedminster

☆ Elon Musk says he doesn't plan to give his kids control of his companies
▼ + stars: | 2023-05-23 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk said he's found potential successors for his companies if "something happens to me unexpectedly." The billionaire said he doesn't plan to hand over his companies or voting shares to his kids. Musk dispelled rumors earlier this month that he would bring in a new Tesla CEO. Elon Musk says he doesn't plan to hand over his companies to his kids any time soon. The Tesla CEO did not respond to a request for comment from Insider ahead of publication.

Persons: Elon Musk, he's, Musk, X, X's, Grimes, Steve Jobs, Bernard Arnault, Rupert Murdoch —, I've, Musk's, Zach Kirkhorn, Tesla, James Murdoch —, —, Tom Zhu, he'd, Dan Ives Organizations: Morning, Reuters, Twitter, Street Journal, Musk Locations: China, North America, Europe

☆ Mick Jagger's security guy reportedly helped Rupert Murdoch's ex-wife disable security cameras suspected of beaming footage back to Fox HQ after divorce
▼ + stars: | 2023-04-12 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

Mick Jagger sent his security consultant to help his disable cameras in Rupert Murdoch's ex-wife's house, Vanity Fair reported. The footage from the home in Oxfordshire — which she got in the divorce settlement — was being sent to Murdoch's Fox headquarters, Vanity Fair reported. Hall, who married Murdoch in 2016, had previously been married to Jagger. Representatives for Murdoch, Hall, and Jagger did not immediately respond to Insider's requests for comment. Read the Vanity Fair's full report on Rupert Murdoch here.

☆ Rupert Murdoch is worth $8 billion despite getting divorced 4 times. Here's how the media mogul spends his money.
▼ + stars: | 2023-04-08 | by ( Ryan Hogg | ) www.businessinsider.com time to read: 1 min

The 92-year-old who has three children from his marriage to Anna Murdoch — James, Elisabeth and Lachlan — has a fortune worth $8 billion, according to the Bloomberg Billionaires Index on April 8. Tom Stoddart/Getty ImagesThe media mogul is the chair of News Corp. and Fox Corp., which are both listed in New York. The former has newspaper subsidiaries including The Wall Street Journal, the New York Post, The Times of London, and The Sun, as well as titles in Australia. Fox Corp. includes Fox News, America's most popular cable-news network, and the Fox TV stations.

☆ Inside the demise of Vice, from turning away a $3.5 billion Disney offer to a 'painful' downward spiral that has the media giant scrambling for a buyer
▼ + stars: | 2023-03-21 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +19 min

The talks fizzled, Disney backed off, and Smith set off for California to drum up other interest in Vice Media. Vice Media Group co-CEOs Bruce Dixon, left, and Hozefa Lokhandwala. Vice Media GroupOne former Vice insider familiar with the current situation told Insider that staffers were warning vendors they needed to threaten to stop work in order to get paid. Just a few months later, Rupert Murdoch tweeted, "Who's heard of Vice Media? Refinery29 quickly lost key staff and was not well integrated into Vice Media, the two former staffers said.

☆ A tally of the times Rupert Murdoch, Sean Hannity, and Laura Ingraham privately trashed Rudy Giuliani in the wake of the 2020 election even as Fox News continued to have him on their shows
▼ + stars: | 2023-02-28 | by ( Kelsey Vlamis | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Dominion's lawsuit revealed comments Fox News hosts and execs made about Rudy Giuliani in 2020. Dominion is suing Fox for defamation related to unfounded election fraud claims about the company. Rupert MurdochRupert Murdoch, the founder and chairman of Fox News, made several claims disparaging Giuliani and doubting the veracity of his claims. Drew Angerer/Getty ImagesSean HannityOn November 11, 2020, Fox News host Sean Hannity said, "Rudy is acting like an insane person," according to the court documents. Laura IngrahamOn January 12, 2021, Fox News Host Laura Ingraham said, "Rudy is such an idiot," the documents said.

☆ Elon Musk says 50 Tesla software engineers brought in to review Twitter's code had volunteered for the job
▼ + stars: | 2022-11-17 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk told a court that 50 Tesla engineers working at Twitter weren't "Tesla assets." He said that's because the Tesla staff had volunteered to work at the company after-hours. Musk was testifying over a shareholder lawsuit which says his $55 billion pay package was excessive. When questioned if it was a good idea to use Tesla resources at Twitter, Musk said he "didn't think of this as using Tesla assets." Musk — who is the CEO of both Tesla and SpaceX, and is acting as CEO at Twitter — was in court over a Tesla shareholder lawsuit.

☆ Right-wing media powerhouses pan Trump amid Republicans' underperformance in the midterms
▼ + stars: | 2022-11-10 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +4 min

Three of the most prominent right-wing media outlets in the US are turning on Trump. Fox News, the NY Post, and WSJ editorial board all published critical pieces about Trump amid Republican underperformance in the midterms. The New York Post published a Thursday cover story mocking "Trumpty Dumpty" for failing to unify the Republican Party. The Wall Street Journal's editorial board followed suit, publishing a piece Thursday calling Trump the GOP's "biggest loser." The WSJ editorial board blamed Trump for having "botched" the 2022 midterms, adding that "it could hand Democrats the Senate for two more years."

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