One of the pond's gripes about the lizard Oz is that as soon as the pond finishes its morning visit and returns to the real world, there's a sudden gush of stories ... none of them noted by the reptiles, but turning up in the pond's correspondence, thanks to correspondents aware there's another world out there.
This morning petulant Peta went into raptures about the diet drink man, the "diet" drink only pussies imbibe when they've got the sugar fears ... and yet she, and so the pond, missed out on this angle ...
That was the Beast's gloss of a story you could find at Newsweek: JD Vance Foreword in Project 2025 Leader's Book Raises Eyebrows.
JD is the pond's new favourite US politician, as we share a hillbilly past, and never mind that the pond's father used to roam the house shouting "turn that goddam hillybilly music off"...
At one point drugs were so bad in Tamworth, per the Northern Daily Bleeder, that the junkies living next door to the pond's old family home managed to burn down their nest ...
Now every time that the diet drink man makes a move the pond can recognise the sort of gauche nerd striving to get away from the drugs and above that goddam hillbilly music, yet secretly still in its thrall, and inclined to be tone deaf to the world ...
Here he is again, in the New Republic ... it's essentially the same yarn, but when you live in a town where the chief excitement is the train arriving once a day, you learn to love telling the same stories over and over again ...
Where is She when She's desperately needed?
The pond isn't the only one to love this hick from the stix. There was Martyn Wendell Jones in The Bulwark, with this a starter sample ...
One of many kickers in that piece ...
Vance’s specific ideas and the crowd he got them from are well known; for Vanity Fair, James Pogue did a good job summarizing the tech billionaire Peter Thiel influence nexus and the Thiel-funded coterie that Vance ran with online in a long feature two years ago. Pogue notes:
"Vance and this New Right cohort, who are mostly so, so highly educated and well-read that their big problem often seems to be that they’re just too nerdy to be an effective force in mass politics, are not anti-intellectual. Vance is an intellectual himself, even if he’s not currently playing one on TV."
The modest thing I would add to this and other good reporting on Vance’s ideology is that the man doesn’t just have cracked beliefs but cracked instincts. Almost endearingly, he and his pals seem to think that workaday politics is an opportune context for doing a bit of grand theory, and further, that their theorizing will help them win over the citizens of the U.S.A., a country whose most notable contribution to philosophy is literally called pragmatism.
He not be a hillbilly ma, he be a barking mad fundamentalist Catholic nerd, probably off reading Cardinal Newman in his spare time as a warm up for gay bashing ...
Rumours that the orange swamp monster is already unhappy with his pick just adds to the frisson ...
Then there are more minor pleases that a reptile diet makes the pond miss out on ...Donald Trump Told Nephew to Let His Disabled Son ‘Just Die’
In another incident, Trump III reportedly went to the White House with disability advocates in the middle of the COVID-19 pandemic to garner national support for caregivers. After the meeting, his uncle pulled him aside and expressed concern about money.
“Maybe those kinds of people should just die,” Trump III claimed the former president said, given “the shape they’re in, all the expenses.”
“I truly did not know what to say. He was talking about expenses. We were talking about human lives,” wrote Trump III. “For Donald, I think it really was about the expenses, even though we were there to talk about efficiencies, smarter investments, and human dignity.”
Charming man ...
But the best story came from the NY Times.
For those who prefer the Graudian, the paper did a gloss on the story ...Rupert Murdoch in secret legal battle with children over media empire – repori.
The original story by Jim Rutenberg and Jonathan Mahler was a ripper and essential reading for students of the house of Murdoch.
There was one stand out feature. The bid to change the trust was dubbed "Project Harmony", up there with Newspeak and the whole war is peace, freedom is slavery, ignorance is strength rag ... because never has so much disharmony featured in a story about harmony and the harmonious house of Murdoch in these troubled times...
The Secret Battle for the Future of the Murdoch Empire. Rupert Murdoch, the patriarch, has moved to change the family’s irrevocable trust to preserve his media businesses as a conservative force. Several of his children are fighting back
Well it's not so secret now and how the writers of Succession must be mourning the way that show ended too early ...
Mr. Murdoch, 93, set the drama in motion late last year, when he made a surprise move to change the terms of the Murdochs’ irrevocable family trust to ensure that his eldest son and chosen successor, Lachlan, would remain in charge of his vast collection of television networks and newspapers.
The trust currently hands control of the family business to the four oldest children when Mr. Murdoch dies. But he is arguing in court that only by empowering Lachlan to run the company without interference from his more politically moderate siblings can he preserve its conservative editorial bent, and thus protect its commercial value for all his heirs.
Those three siblings — James, Elisabeth and Prudence — were caught completely off-guard by their father’s effort to rewrite what was supposed to be an inviolable trust and have united to stop him. Lachlan has joined on Mr. Murdoch’s side. Remarkably, the ensuing battle has been playing out entirely out of public view.
Last month, the Nevada probate commissioner found that Mr. Murdoch could amend the trust if he is able to show he is acting in good faith and for the sole benefit of his heirs, according to a copy of his 48-page decision.
A trial to determine whether Mr. Murdoch is in fact acting in good faith is expected to start in September. Hanging in the balance will be the future of one of the most politically influential media companies in the English-speaking world.
Few media stories have been watched as closely as the succession battle over the Murdoch empire, both because of the irresistibly Shakespearean nature of the drama, and because of the empire’s outsize political influence. Mr. Murdoch’s decision in 2018 to formally designate Lachlan as his heir put to rest years of speculation over his wishes for the company.
What it did not do, though, was ensure that Mr. Murdoch’s wishes would survive him: The existing trust gives all four of his oldest children an equal voice in the company’s future.
The Murdoch family has been divided before. James and Elisabeth at one point competed with each other and Lachlan to eventually take over the company, and at various times they have clashed with one another and their father. James, who once helped run the company with Lachlan, left it in 2019 and now oversees an investment fund. Elisabeth runs a successful movie studio, Sister, and has for years sought to position herself as the “Switzerland” of the family, maintaining good relations with all. Prudence, Murdoch’s oldest child and the only one from his first marriage, has been the least involved in the family business and has remained the most private of the children.
But given Mr. Murdoch’s advanced age, this battle has all of the makings of a final fight for control of his sprawling media conglomerates, which own Fox News, The Wall Street Journal, The New York Post and major newspapers and television outlets in Australia and Britain. It has already driven a new wedge into the famously fractured family.
Politics, and power, are at the root of the struggle. Since Mr. Murdoch designed the trust nearly 25 years ago, the family’s political views have diverged sharply. During Donald J. Trump’s rise, Mr. Murdoch and Lachlan became more closely aligned, pushing the company’s most influential outlet, Fox News, further to the right, making the other three children increasingly uncomfortable.
Mr. Murdoch has called his effort to change the trust Project Harmony because he hoped that it might head off a looming family struggle when he dies, according to a person with knowledge of the family. But it has had the opposite effect.
After filing his petition to amend the trust, Mr. Murdoch met separately with Elisabeth and Prudence in London, hoping to win their support, this person said. Instead, they were furious. Elisabeth responded to the possibility with a string of expletives.
Days later, on Dec. 6, Mr. Murdoch’s representatives went ahead with the motion to make the changes at a hastily called special meeting of the trust in Reno, Nev. The representatives for the three children sought to adjourn the meeting and block the proposed changes but failed, according to the court decision.
The fight has left Mr. Murdoch estranged from three of his children in his twilight years. None of them attended his wedding to Elena Zhukova, his fifth wife, in California last month. (Lachlan did.)
In a handout image provided by News Corp, Rupert Murdoch and Elena Zhukova at their June 2024 wedding ceremony at his vineyard estate in Bel Air, Calif.Credit...News Corp., via Associated Press
Though the trust is irrevocable, it contains a narrow provision allowing for changes done in good faith and with the sole purpose of benefiting all of its members. Mr. Murdoch’s lawyers have argued that he is trying to protect James, Elisabeth and Prudence by ensuring that they won’t be able to moderate Fox’s politics or disrupt its operations with constant fights over leadership.
According to the court’s decision, Mr. Murdoch was concerned that the “lack of consensus” among his children “would impact the strategic direction at both companies including a potential reorientation of editorial policy and content.” It states that his intention was to “consolidate decision-making power in Lachlan’s hands and give him permanent, exclusive control” over the company.
The document makes it clear that Mr. Murdoch’s actions have pushed Elisabeth, Prudence and James into a joint posture against him. The siblings share legal counsel and are fighting to retain their voice in the company’s future, arguing that their father is trying to disenfranchise them. They say Mr. Murdoch’s move violates the spirit of the initial trust, enshrined in its “equal governance provision,” and that it was not done in good faith.
This will be one of the main issues in the trial. As the Nevada probate commissioner, Edmund Gorman Jr., wrote in his decision: “A rational fact finder could find that the determination that the Amendment was in the best interests of the beneficiaries was made with ‘[d]ishonesty of belief, purpose, or motive,’ i.e., in bad faith.”
The action is taking place in a Reno probate court, which is devoted to dealing with family trusts and estates. Nevada is a popular state for dynastic family trusts because of its favorable probate laws and privacy protections. The decision obtained by The Times contains a review of the facts by a probate commissioner whose role is to adjudicate cases.
The trust holds the family’s shares in Mr. Murdoch’s empire, which is now mainly divided between two companies: Fox, which includes Fox News and the Fox broadcast network, and News Corp, which holds his major newspapers.
All six of Mr. Murdoch’s children have an equal share of the trust’s equity. That includes Chloe and Grace, the two younger children he had with his third wife, Wendi Deng. But those two have no voting rights.
As of now, the voting rights are shared among Mr. Murdoch and his four oldest children through their own handpicked representatives on the trust’s board. But Mr. Murdoch has the ultimate control and cannot be outvoted. After he dies, Lachlan, James, Elisabeth and Prudence each get a single vote. As Mr. Murdoch put it in an interview with Charlie Rose in 2006: “If I go under a bus tomorrow, it will be the four of them who will have to decide which of the ones should lead them.”
The probate commissioner’s review of the facts shows that Mr. Murdoch is moving to expand Lachlan’s voting power to secure a majority and ensure that he cannot be challenged. The changes would not affect anyone’s ownership stake in the company.
To bolster his argument that he’s making the change in order to benefit all of his heirs, Mr. Murdoch has moved to replace two of his longtime executives as his personal representatives on the trust with two people with more independence. One is William P. Barr, an attorney general under Presidents George H.W. Bush and Trump, who was also a guest at Mr. Murdoch’s most recent wedding.
The court document shows that Mr. Barr is leading Mr. Murdoch’s effort to rewrite the trust. It quotes Mr. Barr’s statement when he introduced Mr. Murdoch’s move at the special meeting of the trust on Dec. 6. Mr. Murdoch, he said, “knew the companies and the environment better than anyone else and believed that Lachlan was in the best position to carry on that successful strategy.”
The basic contours of the trust date back to Murdoch’s divorce from his second wife, Anna Murdoch Mann, mother to James, Elisabeth and Lachlan, whom Mr. Murdoch divorced before marrying Ms. Deng in 1999.
Concerned about the destructive potential of a dynastic succession fight, Ms. Mann insisted that the divorce settlement give the four children equal control over the empire, people close to the family have said. As part of their agreement, Mr. Murdoch locked this provision in place permanently through an irrevocable trust.
But Mr. Murdoch came to see that provision as untenable after he placed Lachlan in charge of Fox and News Corp in 2019. A primary source of the problem was his younger son, James, who had been passed over in favor of Lachlan. In recent years, people close to James and his wife Kathryn have said that after Mr. Murdoch’s death they would consider joining with Elisabeth and Prudence to wrest control from Lachlan and tame the companies’ wilder right wing instincts.
James and Lachlan shared operating responsibility for the companies from 2015 to 2019, a relationship that frayed during the Trump administration, as the two split over Fox’s fawning treatment of Mr. Trump. Lachlan and his father dismissed James’s concerns, pointing to the network’s record ratings. James left the business following Lachlan’s ascension to chairman and chief executive in 2019, and stepped down from the News Corp board in 2020, citing “disagreements over certain editorial content published by the company’s news outlets.”
James and his wife, Kathryn, a longtime climate change activist, remain occasional, and cautious, public critics of the family empire. After wildfires ravaged Australia in early 2020 they shared their “frustration with some of the News Corp and Fox coverage” of climate change in a statement to The Daily Beast, noting “the ongoing denial among the news outlets in Australia.” After the Jan. 6 riots at the Capitol in Washington, James indirectly criticized Fox News, saying that unnamed “outlets that propagate lies to their audience” had “unleashed insidious and uncontrollable forces that will be with us for years.”
In the spring of 2019, Mr. Murdoch’s children — including the two children he had with Ms. Deng — received payouts of roughly $2 billion each from Murdoch’s sale of his movie studios and other assets to the Walt Disney Company. James and Kathryn announced at the time that they would devote part of that fortune to causes like climate change and combating “high-tech illiberalism.”
According to several of his associates, Mr. Murdoch has come to resent James’s criticisms and complaints, given that the family empire, which Mr. Murdoch built almost single-handedly, has made James and his siblings multibillionaires. The court document indicates that Mr. Murdoch’s representatives have referred to him in their own communications as the “troublesome beneficiary.”
James had differed with his father and brother over Fox News, arguing its play to Mr. Trump for short-term ratings gains would undercut its parent company’s long-term prospects, a fight he lost before parting ways with them.
Since leaving the company, James has been managing his own portfolio of investments, with a controlling interest in the company that runs Art Basel and major stakes in media companies in India.
It has always been unclear how serious James was about trying to make any move against Lachlan, or if he would have the backing of his sisters for such an effort. The fact that they have come together to preserve the trust suggests that he and his sisters are now solidly aligned against Lachlan, and that they may well try to oust him, or at least try to influence the direction of the company, after their father’s death.
Whether they will have the legal power to do so will soon be determined in a courtroom in Reno.
Credit where credit is richly due ...
Jim Rutenberg is a writer at large for The Times and The New York Times Magazine and writes most often about media and politics. More about Jim Rutenberg
Jonathan Mahler, a staff writer for The New York Times Magazine, has been writing for the magazine since 2001. More about Jonathan Mahler
The pond is routinely ambivalent about the NY Times, but just as you'll never read about News Corp job cuts in the lizard Oz - it's the Graudian for that - so you'll never read this sort of ripping yarn ...
Have a few cartoons, just for the heck of it and to round the late arvo readings out...
A long and somewhat tedious read, but very informative, thanks DP. he only thing I can say is that either I am not human, or he isn't. It is a joy having that much moolah to spread around though, isn't it.
ReplyDeleteWhat you needed, GB, was a serve of diet Mountain Dew to get you through it all ... better than a caffeine or a Muskian ketamine hit for sure ...
DeleteSorry Mountain Dew (hehe), and a birther "conspiracy".
ReplyDelete"After Mocking JD Vance, Kentucky Gov. Issues An Apology... To Diet Mountain Dew
"Gov. Andy Beshear said he wanted to "set the record straight" after his remarks about the soft drink and Trump's vice presidential pick.
By Kimberley Richards
Jul 25, 2024
...
"Kentucky Gov. Andy Beshear (D) is apologizing to Diet Mountain Dew after he inadvertently insulted the soda brand in a dig aimed at Sen. JD Vance (R-Ohio), Donald Trump’s vice presidential pick.
"During a press conference on Thursday, Beshear said from the podium that he wanted to “set the record straight” before he pulled out a bottle of the diet soft drink.
“I do owe an apology to Diet Mountain Dew,” he said, before giving a shoutout to Kentucky-based soda brand Ale-8One. “Ale-8One is definitely the soft drink of Kentucky. But I don’t believe the government should be making your decisions.”
“So if you enjoy Diet Mountain Dew, you be you, we want to support you,” he continued. “And to Diet Mountain Dew, very sorry, didn’t mean to say negative things about you.”
...
"What was weird was, him joking about racism today, and then talking about Diet Mountain Dew — who drinks Diet Mountain Dew?” he said.
"Beshear has also called out Vance for the way he characterized rural America in his 2016 bestselling memoir, “Hillbilly Elegy: A Memoir of a Family and Culture in Crisis.”
"The Kentucky governor said on CNN that Vance, who was raised in Ohio and spent time in Kentucky during his upbringing, “ain’t from” Kentucky.
“He is not from Kentucky,” Beshear said, before accusing the Ohio senator of writing a book about Kentucky and Appalachia “to profit off our people.”
https://www.huffpost.com/entry/andy-beshear-jd-vance-mountain-dew-apology_n_66a2ae98e4b0ac6125bde70d