Siblings James, Lachlan, Elisabeth and Prudence Murdoch sought family counseling to discuss the issue of succession at News Corp.,
Vanity Fair
reported.
James’s older siblings told him “that if they worked together as siblings they could help him and their father [chairman and CEO Rupert Murdoch] have a better relationship, and that together the kids could hold Rupert to account to be a mentor to James and not undermine him.”
The
Vanity Fair
report said Elisabeth blamed James “for allowing the phone-hacking crisis to spiral out of control.”
The article said that Rupert Murdoch’s second wife, Anna — the mother of Elisabeth, Lachlan and James, urged her ex-husband to publicly back James.
Meanwhile, News Corp. announced that it incurred a $91 million restructuring charge and a $68 million hit to its publishing profits in its fiscal first-quarter results, stemming largely from closing
News of the World,
according to
a
Financial Times
report.
(Sources:
Vanity Fair,
December 2011;
Financial Times,
Nov. 2, 2011.)
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