Rupert Murdoch loses bid in real-life 'Succession' battle with kids

The ongoing internal conflict within the Murdoch family, combined with uncertainty surrounding the leadership of News Corp and Fox News, is likely to create volatility in these stocks. Investors may see a negative impact due to concerns over stability and management continuity. Until there is clarity regarding the succession plan, the market may react cautiously to any developments from this situation.

Fox Corporation, which encompasses Fox News, could also face downward pressure as investor sentiment might reflect concerns about leadership and future direction following this court ruling. Stability in management is crucial for media companies, and this ruling has introduced complexities that investors might perceive negatively.