Rupert Murdoch Loses Court Case Over Succession Plans
Rupert Murdoch, the 93-year-old media magnate, lost a court case brought by three of his children regarding the succession of his companies. Murdoch aimed to grant sole leadership to his son Lachlan, but the court ruled that all four of his children should share equal power. The succession plan had been established 25 years ago, giving equal authority to Prudence, Elisabeth, Lachlan, and James. The case, held behind closed doors, highlights ongoing tensions within the Murdoch family and the influence of their media empire.