July 24 (Reuters) - Media mogul Rupert Murdoch is
engaged in a legal battle against three of his children to
ensure that his eldest son and chosen successor, Lachlan
Murdoch, will remain in charge of his media empire, the New York
Times reported on Wednesday.
Murdoch is trying to expand Lachlan Murdoch's voting power
in the Murdoch Family Trust to secure a majority and ensure that
he cannot be challenged by the siblings, the report said, citing
a sealed court document.
The Reno, Nevada-based family trust holds the family's
shares in Murdoch's vast collection of television networks and
newspapers through the companies News Corp ( NWSA ) and Fox Corp ( FOXA )
.
Lachlan Murdoch is chairman of News Corp ( NWSA ), whose publications
include the Wall Street Journal and the Sun, and chair and chief
executive of Fox Corp. ( FOXA )
The trust currently has eight votes: four controlled by
Murdoch, and the remaining four controlled by the four children
from his first two marriages. Murdoch's youngest daughters,
Chloe and Grace, from his third wife, Wendi Deng, do not have
voting rights in the trust.
In court, Murdoch is arguing that having Lachlan Murdoch run
the company without interference from his more politically
moderate siblings - James, Elisabeth and Prudence Murdoch - will
help preserve its conservative editorial stance, thus protecting
the commercial value for all his heirs, the report said.
Fox Corp ( FOXA ), News Corp ( NWSA ), and Murdoch's lawyer did not respond to
Reuters requests for comment while the lawyer for the three
children involved in the legal battle could not immediately be
reached.
Fox News continues to be the number one U.S. cable news
network, playing an influential role in U.S. politics,
particularly among Republicans who prize Fox's
conservative-leaning audience.
Murdoch was that worried that a "lack of consensus" among
his four children "would impact the strategic direction at both
companies including a potential reorientation of editorial
policy and content," the report said, adding that he also wishes
to hand Lachlan Murdoch "permanent" and "exclusive" control over
the company, citing the court's decision.