Succession drama: Rupert Murdoch loses court bid to leave son media empire

Rupert Murdoch at the Four Seasons Hotel in Washington, D.C., on Nov. 19, 2013. Photo: Drew Angerer/Bloomberg via Getty Images A Nevada commissioner has ruled against Rupert Murdoch's legal attempt to alter his family trust so that his eldest son, Lachlan Murdoch, will control the family's media and business empire when he dies, the NYT reports. Why it matters: Barring a successful appeal, the decision ensures Murdoch's media empire will be left equally to his four oldest children, who are not all ideologically aligned with the conservative views of Rupert...