Murdoch Family Resolves Trust Dispute, Lachlan Retains Media Control

The Murdoch family has settled a lengthy legal battle over the family trust, securing Lachlan Murdoch's control over the media empire comprising Fox Corporation and News Corp. Under the new arrangement, Lachlan and his younger sisters, Grace and Chloe, will hold shares in newly formed trusts with Lachlan controlling the voting rights, effectively sidelining his older siblings Prudence MacLeod, Elisabeth Murdoch, and James Murdoch. These three departing members will receive cash compensation funded by the sale of significant Class B shares previously held by the family trust. This deal ensures the continuation of the conservative editorial stance of the family's outlets, including Fox News, under Lachlan's leadership. Rupert Murdoch remains Chairman Emeritus, while the restructuring significantly dilutes the voting power of the older siblings in the companies. The agreement follows a failed court attempt by Rupert and Lachlan to change the trust terms unilaterally, ultimately bringing the family to a negotiated settlement valued at $3.3 billion.