Rupert Murdoch’s announcement on Thursday that he was stepping back from day-to-day oversight of his media empire cleared the way for his eldest son, Lachlan, to claim sole oversight of the businesses.
The move made it clear that Rupert Murdoch would like to see Lachlan run the companies. But it didn’t answer the question of who will control the trust that votes the family’s shares after the elder Mr. Murdoch, 92, dies.
At that point, his…