Episode Details

Story of the Week (DR):

Lachlan Murdoch Secures Control of Fox and News Corp, Ending Succession Fight

Lachlan Murdoch is confirmed as Rupert Murdoch’s successor, gaining control over the family’s media empire (which includes Fox Corporation and News Corp). 

Prudence MacLeod, Elisabeth Murdoch, and James Murdoch—three of Rupert’s older children—will each receive about US$1.1 billion. They will sell their holdings in Fox and News Corp and give up beneficial/trust rights in those companies.

Apart from full siblings Elisabeth and James Murdoch, Lachlan has three half-siblings, an elder half-sister Prudence, and two younger sisters by his father's third marriage, Grace and Chloe. 

A new family trust will be set up benefiting Lachlan and Rupert’s younger daughters, Grace and Chloe. That trust will hold controlling voting shares in Fox and News Corp. 

The three older siblings will no longer be beneficiaries in the trust(s) connected to Fox and News Corp. They also give up any voting rights held via those trusts. 

Rupert Murdoch, despite handing over the control structure, retains a role as Chairman Emeritus. 

The new trust arrangement secures Lachlan’s control over the companies through 2050. 

One of Rupert Murdoch’s concerns was the possibility that the more moderate siblings (Prudence, Elisabeth, James) could shift the political or editorial leanings of Fox/News Corp after he’s gone. The new structure is designed to prevent that.

Senators Call for Hearings About JPMorgan’s Ties to Jeffrey Epstein

Democrats want CEO Jamie Dimon to testify about keeping Epstein as a client until 2013

Epstein had dozens of accounts at JPMorgan’s private bank and communicated often with bank executives, connecting them to his wealthy contacts, ties The Wall Street Journal first reported in 2023 to be deeper than understood. Epstein was a JPMorgan client before and after he was convicted of soliciting a minor for prostitution in 2008 and forced to register as a sex offender.

Trump Epstein letter and drawing from ‘birthday book’ released

Eric Trump removed from the ALT5 board of directors after discussion with the Nasdaq Stock Market LLC

Trump’s second son, Eric Trump, was removed from the ALT5 board of directors. According to the SEC filing,  the change was made after discussion with the Nasdaq Stock Market LLC, therefore, the change was in order to comply with Nasdaq’s listing rules.