Murdoch Family Settlement Secures Lachlan Control Over Fox, News Corp

Rupert Murdoch and his children have settled a high-profile legal dispute over the family trust controlling Fox Corp. and News Corp., ensuring that Lachlan Murdoch, Rupert's eldest son, remains in control of the media empire. Under the settlement, Lachlan will lead a new family company holding significant voting stakes in both Fox and News Corp., while his siblings Prudence, Elisabeth, and James will cease to be beneficiaries and receive approximately $1.1 billion each. The legal battle began in 2023 when Rupert sought to amend the trust to favor Lachlan, reversing a prior arrangement that gave equal control to his four eldest children. The agreement preserves the conservative orientation of Fox News and related outlets and allows Lachlan to maintain control potentially until the trust's expiration in 2050. This resolution ends a bitter family feud that had drawn public attention and inspired media portrayals, solidifying Lachlan's leadership of the Murdoch media empire for years to come.