Murdoch Family Ends Dispute, Grants Lachlan Control Over Global Media Empire

The Murdoch family has reached a $3.3 billion agreement that consolidates control of the family's media empire—comprising Fox News, The Wall Street Journal, and other outlets—under Rupert Murdoch's son, Lachlan Murdoch. This deal ends years of legal disputes among the siblings following Rupert Murdoch's passing, with Lachlan assuming voting control as managing director, while Rupert remains Chairman Emeritus. Lachlan's three oldest siblings—James, Elisabeth, and Prudence—will each receive approximately $1.1 billion and will gradually divest their stakes over six months, facilitated through a newly created family trust benefiting Lachlan and his children. The settlement also resolves ongoing litigation related to the Murdoch Family Trust, effectively dissolving the previous trust established in 1999. This arrangement ensures that the media outlets maintain their established conservative editorial stance under Lachlan's leadership. The deal represents a strategic consolidation of power within the Murdoch family, securing Lachlan's stewardship of the empire.