Nevada regulator rejects Murdoch's plan to give son Lachlan control over his media empire.

Nevada Commissioner Edmund Gorman denied Rupert Murdoch's attempt to change his family trust to give full control of his media empire to his son Lachlan. The current trust divides control equally among Murdoch's four oldest children. Gorman ruled that Murdoch and Lachlan acted in "bad faith," describing their efforts as a "carefully crafted charade." Murdoch's lawyer intends to appeal the decision.

4 months ago
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