In December 2023, Rupert Murdoch visited London to discuss a significant family matter involving the restructuring of the family's trust, which controls their extensive media empire. Named Project Family Harmony, the plan aims to diminish the influence of three of his children—Prudence, Elisabeth, and James—while bolstering his son Lachlan's position. While the trust is designed to distribute power equally among the siblings post-Rupert's death, he intends to use a legal provision to amend its terms, leveraging a board meeting for approval while delicately navigating family tensions, particularly with James.
In early December 2023, Rupert Murdoch's visit to London was not purely social; it was pivotal to a secret plan, Project Family Harmony, aimed at consolidating control of the family media empire.
Rupert and Lachlan Murdoch devised a strategy to amend the trust governing their media empire, seeking to limit influence from Prue, Liz, and James in favor of increasing Lachlan’s power.
Despite their troubled relationship, Rupert aimed to persuade his daughters, Prue and Liz, that affirming Lachlan’s leadership was a unified family decision to prevent a legal battle.
With tensions high, particularly with James, Rupert conducted a secret board meeting to ensure the changes were ratified, potentially affecting the future dynamics of the Murdoch family businesses.
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