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Rupert Murdoch settles court fight with children over media empire's future (www.abc.net.au)

submitted 1 day ago by Ilandar@lemmy.today to c/australia@aussie.zone

5 comments fedilink hide all child comments

Rupert Murdoch's family has reached a deal that guarantees eldest son Lachlan will retain control of his father's media empire after the elderly patriarch's death.

James, Elisabeth and Prudence will each receive more than $US1 billion ($1.52 billion) for their shares in the companies, The New York Times reported, citing an anonymous source with knowledge of the negotiations.

Fox said the three siblings would also be prevented from ever buying back into the companies.

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[–] TheDwZ@lemmy.world 9 points 23 hours ago* (last edited 16 hours ago)

This man has done an absolutely astonishing amount of damage to Australian democracy.

https://www.abc.net.au/news/2021-02-19/former-pm-kevin-rudd-says-he-was-fearful-of-murdoch-media/13173242

https://www.smh.com.au/politics/federal/utterly-unaccountable-turnbull-labels-news-corp-the-most-powerful-political-actor-in-australia-20210412-p57idq.html

He has also damaged democracy in the United Kingdom and the United States. For decades, his medias have promoted climate change denialism, anti-union propaganda, and the most astonishing lies.

I still remember the headline of The Sun right before the UK referendum on European Union membership: