CNN —Rupert Murdoch cannot amend his family trust to put the power of his media companies in the hands of his chosen successor, a Nevada commissioner has ruled.
Rupert Murdoch had wanted to amend his irrevocable family trust, which gives his four eldest children equal voting shares upon his death.
Disputes over the family trust have been tearing the family apart, sources previously told CNN.
The family trust that Rupert designed a quarter-century ago has been viewed in recent years as a pathway toward potential political change.
Rupert Murdoch also decided to petition the Nevada probate trust to amend the trust.
Persons:
Rupert Murdoch, Murdoch, Lachlan Murdoch, Edmund J, Gorman Jr, Rupert, Lachlan, Lachlan –, Prudence, Elisabeth, James, Gorman, Lachlan Murdoch’s, Rupert Murdoch’s, ”, Logan Roy, James ’, Prue, dethrone Lachlan, Bill Barr –, –, Prue Murdoch
Organizations:
CNN, New York Times, Times, HBO, Fox News, Fox Corp, News Corp
Locations:
Nevada, Reno , Nevada