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Murdoch Fortune Still Up in the "Heir"
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13.06.2015
Sibling rivalries. A quest for power. An affair. A scandal. The turbulent lives of 84-year-old billionaire Rupert Murdoch and his heirs returned to the spotlight this week as the aging magnate took steps to hand over control of the media empire he built nearly from scratch.
The Murdoch family — whose assets include The Wall Street Journal, Fox News and the 20th Century Fox movie studio — in some places garners the type of paparazzi coverage its global outlets have bestowed on royals.
But unlike with royals, in the Murdoch family, the eldest child's inheritance is never ensured.
Once it was Lachlan, then it was James, and now both seem to be positioned to soon control the media behemoth that split into two separate entertainment and publishing companies two years ago: News Corp. and 21st Century Fox.
The Murdoch family — whose assets include The Wall Street Journal, Fox News and the 20th Century Fox movie studio — in some places garners the type of paparazzi coverage its global outlets have bestowed on royals.
But unlike with royals, in the Murdoch family, the eldest child's inheritance is never ensured.
Once it was Lachlan, then it was James, and now both seem to be positioned to soon control the media behemoth that split into two separate entertainment and publishing companies two years ago: News Corp. and 21st Century Fox.
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