The Murdoch family battle could have huge implications for the future of Fox News
CNN
At most offices, water cooler talk revolves around annoying company rules or the quality of the snacks in the break room. But at Fox News, they gossip about the Murdochs, the family who controls Fox’s parent company.
At most offices, water cooler talk revolves around annoying company rules or the quality of the snacks in the break room. But at Fox News, they gossip about the Murdochs, the family who controls Fox’s parent company. What will happen after patriarch Rupert Murdoch dies? Could his more moderate children wrest control of Fox News from his conservative chosen-son Lachlan? Could Lachlan’s younger brother James Murdoch force Fox to take a progressive bent? These unknowns are at the heart of the Murdoch family’s secret succession battle in an obscure Nevada court this month. Rupert Murdoch, 93, is seeking to amend the family trust that he established decades ago, giving his four oldest children equal votes over the future of his conservative media empire after he dies. He wants to change the structure so that Lachlan will remain in charge for decades to come. If the elder Murdoch prevails before a probate judge in Reno, Nevada, then James Murdoch’s path for a potential revamp of Fox News will be blocked. In the newly released paperback edition of my book “Network of Lies,” I report that James has been troubled for years by Fox’s right-wing programming. James, who left the family empire in 2020 after “disagreements” over editorial content, welcomed President Biden to his home for a fundraiser in 2022 and endorsed Kamala Harris earlier this month. The younger sibling has also privately likened Fox’s prime time talk shows to “poison” and bemoaned how the network’s misinformation distorts the public discourse. James” According to a person familiar with the matter, he has also drafted detailed plans for dragging Fox News back toward what he considers reality-based news and away from pro-Donald Trump propaganda.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
President Donald Trump is, once again, opening the door to firing Federal Reserve Chair Jerome Powell.
Inflation didn’t rise as much as expected last month — but a measurement of underlying price hikes shows a pickup in tariff-related pressures.
Eastman Kodak, the 133-year-old photography company, is warning investors thats it might not survive much longer.
Shakedown capitalism
Norway’s $2 trillion sovereign wealth fund, the world’s largest, said on Tuesday it expects to divest from more Israeli companies as part of its ongoing review of investments in the country over the situation in Gaza and the West Bank.
Police departments across the country are adopting an AI tool called Draft One, which helps officers write the first draft of police reports. But there are concerns that AI-drafted reports could contain biases or inaccuracies.
Trump’s major gamble on China continues to pay off, with Chinese negotiators willing to make some concessions. Trump has maintained very high tariffs on America’s second-biggest trading partner without tipping the economy into recession. But Xi holds trump cards – including a long-sought meeting and rare earths – that exercise plenty of leverage over Trump, too.
Elon Musk said his artificial intelligence start up xAI will sue Apple for allegedly favoring AI competitors in its App Store in what he called a breach of antitrust regulations.
The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician, Tuesday’s report now comes with some other, unexpected baggage.
The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world’s two largest economies.
Nvidia, the world’s most valuable company
Ford plans to invest billions in new electric vehicle production, calling it the company’s “next Model T moment.”
Elon Musk’s Tesla has applied to the British energy regulator for a license to supply electricity to households in the United Kingdom.