David Folkenflik
๐ค SpeakerAppearances Over Time
Podcast Appearances
So here he is at the age of 93, stepping into an obscure probate court in Reno, Nevada, away from the national spotlight and glare to say, you know, that irrevocable trust, I pretty much want to revoke it and I want to rewrite it. And Lachlan's going to be my guy.
So here he is at the age of 93, stepping into an obscure probate court in Reno, Nevada, away from the national spotlight and glare to say, you know, that irrevocable trust, I pretty much want to revoke it and I want to rewrite it. And Lachlan's going to be my guy.
So here he is at the age of 93, stepping into an obscure probate court in Reno, Nevada, away from the national spotlight and glare to say, you know, that irrevocable trust, I pretty much want to revoke it and I want to rewrite it. And Lachlan's going to be my guy.
Rupert and Laughlin were arguing that in order to serve the financial interests best of the rest of the family, they need to consolidate control in one person. Some sort of divided brain trust doesn't work. And furthermore, that Fox News and Fox more generally and the other holdings needed to retain their conservative outlook. And particularly in the case of Fox, it's far right outlook that
Rupert and Laughlin were arguing that in order to serve the financial interests best of the rest of the family, they need to consolidate control in one person. Some sort of divided brain trust doesn't work. And furthermore, that Fox News and Fox more generally and the other holdings needed to retain their conservative outlook. And particularly in the case of Fox, it's far right outlook that
Rupert and Laughlin were arguing that in order to serve the financial interests best of the rest of the family, they need to consolidate control in one person. Some sort of divided brain trust doesn't work. And furthermore, that Fox News and Fox more generally and the other holdings needed to retain their conservative outlook. And particularly in the case of Fox, it's far right outlook that
its adamantly pro-Trump stance in order to retain the connection with the audiences that yielded such huge profits for Rupert and for his family.
its adamantly pro-Trump stance in order to retain the connection with the audiences that yielded such huge profits for Rupert and for his family.
its adamantly pro-Trump stance in order to retain the connection with the audiences that yielded such huge profits for Rupert and for his family.
The probate commissioner looks all this and says, this is purely about control. This is about them wanting to rewrite the rules late in the game. It was as brutal a repudiation and a rejection of the legal and, in effect, moral case that Rupert and Lachlan Murdoch were making.
The probate commissioner looks all this and says, this is purely about control. This is about them wanting to rewrite the rules late in the game. It was as brutal a repudiation and a rejection of the legal and, in effect, moral case that Rupert and Lachlan Murdoch were making.
The probate commissioner looks all this and says, this is purely about control. This is about them wanting to rewrite the rules late in the game. It was as brutal a repudiation and a rejection of the legal and, in effect, moral case that Rupert and Lachlan Murdoch were making.
And also saying they didn't take it seriously, indicating in some of the material provided that the Murdochs were taking inspiration from the HBO hit series Succession.
And also saying they didn't take it seriously, indicating in some of the material provided that the Murdochs were taking inspiration from the HBO hit series Succession.
And also saying they didn't take it seriously, indicating in some of the material provided that the Murdochs were taking inspiration from the HBO hit series Succession.
Now, James Murdoch may be able to get his two sisters to rally behind him for a different structure and push Lachlan out. And they could well moderate Fox as a result. Equally logical could be that they could say, look, we don't want to be part of this. This is not how we look at the world. This is not where we take pride. Let's sell it at the top. Let's get rid of this thing.
Now, James Murdoch may be able to get his two sisters to rally behind him for a different structure and push Lachlan out. And they could well moderate Fox as a result. Equally logical could be that they could say, look, we don't want to be part of this. This is not how we look at the world. This is not where we take pride. Let's sell it at the top. Let's get rid of this thing.
Now, James Murdoch may be able to get his two sisters to rally behind him for a different structure and push Lachlan out. And they could well moderate Fox as a result. Equally logical could be that they could say, look, we don't want to be part of this. This is not how we look at the world. This is not where we take pride. Let's sell it at the top. Let's get rid of this thing.
So I think that there's going to be a bloody brawl or a buyout of some sort. Either Fox gets sold or... The different siblings are bought out of their voting shares to allow Lachlan to continue.