News
Murdoch family settles succession dispute; Lachlan in charge
Lachlan Murdoch secures control of media empire in deal ending family succession battle
Lachlan Murdoch secures control of media empire in deal ending family succession battle.
– Lachlan Murdoch becomes head of the family media assets after a succession battle.
– His siblings receive $1.1 billion each in the buyout agreement.
The succession battle at Rupert Murdoch’s media empire has concluded. According to Bloomberg, Lachlan Murdoch, his eldest son, will take control of the family’s media assets, which include Fox News, The Wall Street Journal, and The Times in the UK.
His three older siblings will receive approximately $1.1 billion each for their shares. This resolution follows a legal dispute among Murdoch’s eldest children, reminiscent of the HBO series “Succession.” Lachlan’s leadership is significant, as he is perceived as the most conservative sibling. He has been the chairman of News Corp since 2023, overseeing numerous publications.
The siblings initially challenged their father’s attempt to shift voting power, a project he called “Project Family Harmony.” Murdoch believed Lachlan was best suited to lead the empire.
Trust Agreement
The family agreed on a buyout after extensive negotiations. A Nevada commissioner previously ruled that Rupert and Lachlan acted in bad faith regarding trust terms. News Corp expressed confidence in Lachlan’s leadership as pivotal for the company’s future success.
News
Trump gives Hamas ultimatum for Gaza peace plan acceptance
Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region
Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region
– Trump gives Hamas three to four days to accept a U.S.-backed Gaza peace plan, warning of consequences.
– Hamas calls the plan biased and insists on a complete Israeli withdrawal before considering any agreement.
Trump stated that support for the plan came from both Israeli and Arab leaders, and he emphasised the need for Hamas to respond promptly. The proposal includes a ceasefire, hostage exchanges, an Israeli withdrawal from Gaza, and disarmament of Hamas, along with a transitional government.
A Hamas source described the plan as biased towards Israel and containing unacceptable conditions.
The group maintains that a complete Israeli withdrawal is a prerequisite for their agreement to any deal, while they are unwilling to disarm.
Pressure Mounts
Hamas faces significant pressure as foreign ministers from Saudi Arabia, Jordan, the UAE, Qatar, and Egypt have supported the initiative. Turkey’s intelligence head is also set to join discussions in Doha, marking a new level of mediation.
Despite expressing initial support, Netanyahu is cautious about the plan’s implications for Palestinian statehood and faces pressure from his coalition. Public sentiment in Gaza reflects a desire for peace, albeit with scepticism about the sincerity of both Trump and Netanyahu’s commitments.
News
Trump shocks Hollywood with 100% film tariff
Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood
Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood
Donald Trump has rocked Hollywood with a proposal to impose a 100 per cent tariff on all movies made outside the United States.
The move, aimed at reshaping the entertainment industry, could force studios to shift production back home and disrupt international co-productions
#Trump #Hollywood #FilmIndustry #Movies #TradeWar #TickerNews
News
Trump unveils 20-point Gaza peace plan
Trump reveals a 20-point plan to end Gaza conflict, including hostages’ release, economic initiatives, and Palestinian statehood prospect.
Trump reveals a 20-point plan to end Gaza conflict, including hostages’ release, economic initiatives, and Palestinian statehood prospect.
President Donald Trump has unveiled a sweeping 20-point proposal aimed at ending the war in Gaza, following talks with Israeli Prime Minister Benjamin Netanyahu.
The plan calls for the release of all hostages, new economic initiatives for the region, and even raises the prospect of Palestinian statehood, though Hamas has not yet endorsed the proposal.
#Trump #Gaza #Israel #Palestine #PeacePlan #MiddleEast #TickerNews
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