Ivanka Trump oversaw Murdoch daughters trust
Cosy relationship between Trumps and Fox news....The swamp continues, and pay for play is in full swing.
https://www.ft.com/content/a615f0ce-ed90-11e6-930f-061b01e23655
Role underscores close ties between US president’s family and Fox News
Donald Trump’s daughter Ivanka was a trustee for a large bloc of shares in 21st Century Fox and News Corp that belong to Rupert Murdoch’s two youngest daughters, underscoring the close ties between the US president’s family and the mogul behind the Fox News Channel.
The president’s daughter was a trustee of Grace and Chloe Murdoch, Mr Murdoch’s children by his ex-wife Wendi Deng, during the campaign. The two girls, aged 15 and 13, hold shares worth close to a combined $300m in the two companies, which are controlled by Mr Murdoch and his family.
A spokesman for Mr Murdoch declined to comment on Ms Trump’s role on a five-person trustee board, which was confirmed by several people briefed on the situation who said she was a trustee for several years. A spokesperson for Ms Trump told the Financial Times that she stepped down from the board on December 28.
New York magazine recently reported that Mr Trump had asked Mr Murdoch to suggest candidates to run the Federal Communications Commission, which regulates the media industry and is likely to scrutinise AT&T’s $85.4bn takeover of Time Warner, a company that Mr Murdoch and his sons tried to buy two years ago.
Mr Murdoch had, in return, requested restrictions on AT&T’s proposed purchase of Time Warner, the magazine claimed. A Fox spokesperson declined to comment on the claims.
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