- PHOTO COURTESY OF HEARST CORP.
- MEDIA MAN : George Hearst, R., chairman of the Hearst Corp., failed in a recent effort to convince a SLO County judge to block the public from viewing records related to his attempt to become conservator of his billionaire twin sister’s estate.
George Hearst, Jr., chairman of Hearst Corp. and grandson of newspaper icon William Randolph Hearst, failed in a recent bid to seal from public view court documents related to his quest to become conservator of the estate of his twin sister Phoebe Hearst Cooke.
Attorneys for Hearst argued on March 26 for a motion to close all hearings from public view and seal the court file in the case. Judge Teresa Estrada-Mullaney denied the motion.
Hearst Corp. has massive media holdings including numerous newspapers, high-profile magazines, television and radio stations, and portions of several cable channels.
The motion concerned the ongoing fight between Hearst and Cooke of Shell Beach. Her inherited wealth has been estimated at as much as $2 billion, although Forbes magazine recently estimated her estate’s value at $1.4 billion. That figure would still make her one of the world’s richest women. Hearst’s fortune is estimated to be the same.
Cooke’s privacy rights, Hearst’s attorneys argued, should trump the public’s right to court information because details of Cooke’s personal and financial life could prejudice public opinion and expose her to ridicule.
Estrada-Mullaney’s order denying the motion was not available as of press time.
Family members led by Hearst and including Cooke’s daughter have argued the 81-year-old woman is irrational and paranoid and has fallen victim to con artists who have bilked her out of millions of dollars and taken valuables from her estate. They also say she was not receiving appropriate medical care.
Cooke’s attorneys have countered that she has the right to control her own fortune. “The fact is Mrs. Cooke is entitled to live as she chooses, to manage as she chooses, to give as she chooses, and even to overlook what might be viewed by others as overreaching,” her attorney wrote in one court document.
As the fight between siblings plays out, San Luis Obispo County has stepped in to take temporary conservatorship of her estate. In the weeks since, for example, the conservator has taken over the running of her Circle Six Ranch in Paso Robles. Among the spending her relatives point to as evidence of irrationality were $1.9 million paid to a car dealer to handle Cooke’s finances and $500,000 given to someone for breast enhancement surgery. In all, her attorneys allege some 26 individuals “took advantage” of her in ways that drained $20 million from her estate.