Murdoch’s nuptials are unlikely to change the ownership structure of businesses in which he holds stakes, including Fox Corp (FOXA.O), the parent company of Fox News Channel, and News Corp. Murdoch controls News Corp and Fox Corp through a Reno, Nevada-based family trust that holds roughly a 40% stake in voting shares of each company. Fox is currently defending itself in a $1.6 billion defamation lawsuit from Dominion Voting Systems. Dominion has accused the cable TV network of amplifying debunked claims that Dominion voting machines were used to rig the election against Republican Donald Trump and in favor of his rival Joe Biden, who won the election. Fox has defended its coverage, arguing claims by Trump and his lawyers were inherently newsworthy and protected by the First Amendment of the U.S. Constitution.
