Nothing in Fox’s television schedules last year was quite as exciting—or, at times, as profane—as the drama that played out in a closed probate court in Reno, Nevada. Rupert Murdoch, the now 94-year-old founder and controlling shareholder of Fox Corporation and its sister company, News Corp, was trying to change the terms of a family trust in order to block three of his children from inheriting control of the companies on his death. The high-stakes legal manoeuvre was rejected. An appeal—and thus a new season of morbid entertainment for media watchers—is in the works.
in Business
