The succession battle over Fox News has concluded with Lachlan Murdoch emerging as the clear victor in control of the conservative media giant.
The Australian businessman’s eldest son will maintain executive governance over the network that transformed his father into a conservative media icon.
The agreement resolves years of legal disputes among Rupert Murdoch’s heirs.
The $3.3 billion deal ensures Fox News will preserve its center-right editorial direction under Lachlan’s leadership.
This outcome represents a significant victory for conservative media advocates who feared potential ideological shifts.
Rupert Murdoch’s children had engaged in prolonged legal battles over editorial control of the network.
Siblings Prue, Liz and James expressed concerns that excessive control granted to Lachlan would diminish their interests in the family’s irrevocable trust.
The legal proceedings began when Lachlan initially pursued significant modifications to the family trust contract.
While his original court bid was unsuccessful, the litigation process facilitated negotiations leading to Monday’s settlement agreement.
Rupert Murdoch expressed approval of the succession arrangement, describing it as protection for the “protector of the conservative voice in the English-speaking world.”
His public endorsement underscores the ideological importance of maintaining Fox’s current editorial stance.
The 94-year-old media mogul revolutionized American broadcasting with Fox