Murdoch Family Settles Trust Dispute, Grants Lachlan Voting Control Over Fox, News Corp

The Murdoch family has reached a major settlement resolving a prolonged succession dispute, solidifying Lachlan Murdoch's control over the family's media empire, including Fox News, The Wall Street Journal, and News Corp. As part of the agreement, Rupert Murdoch's children James, Elisabeth, and Prudence MacLeod will exit the family trust and receive approximately $1.4 billion from the sale of Class B super-voting shares in Fox and News Corp. Lachlan Murdoch, currently CEO of Fox Corp, along with Rupert Murdoch's younger daughters Grace and Chloe, will form a new trust to oversee the family's voting shares. This settlement terminates all ongoing litigation related to the family trust, ending years of internal legal battles and public speculation over control of the conglomerate. The deal emphasizes Lachlan's role as the heir apparent, consolidating his political conservative direction for the media outlets and maintaining the family's influence. The resolution also reflects the complex family dynamics, with the younger Murdoch daughters gaining economic interests despite previously lacking voting rights under the old trust structure.