A court room in the US State of Nevada provided the setting for the recent hearing between media mogul Rupert Murdoch and his children, over who will inherit his empire on the 93 year old’s death.
The succession battle, worthy of the TV drama Succession, which was partly inspired by the Murdoch dynasty, was played out behind closed doors and it’s unlikely that the decision, when it comes, will be made available to the public.
Murdoch’s News Corp owns hundreds of newspapers and media outlets around the world. It includes the right-leaning Fox News in the US, which gave Donald Trump a major platform in the run-up to the 2016 Presidential election, as well as widely read newspapers like the Sun in the UK.
Speculation over who is most likely to take control of the multi-billion dollar business currently centres around the eldest son Lachlan Murdoch, the sibling most closely aligned to his father in terms of their vision for the future. But at this point the outcome all depends on whether legally such a takeover can happen.
So, on this week’s Inquiry, we’re asking ‘What’s the succession plan for Murdoch’s empire?’
Contributors:
Walter Marsh, Journalist and Author of Young Rupert: The Making of the Murdoch Empire, South Australia
David Folkenflik, Media Correspondent NPR News, Author of Murdoch’s World: The Last of the Old Media Empires, USA
Reid Weisbord, Distinguished Professor of Law, Rutgers Law School, Visiting Professor, Columbia University, USA
Alice Enders, Chief Economist, Enders Analysis, UK
Presenter: Tanya Beckett
Producers: Louise Clarke and Jill Collins
Researcher: Matt Toulson
Editor: Tara McDermott
Technical Producer: Nicky Edwards
Broadcast Co-ordinator: Jacqui Johnson
(Image: Reuters/Mike Segar)
