The Murdoch family has reached a settlement ending years of infighting over the future of Rupert Murdoch’s media empire, cementing Lachlan Murdoch’s control of Fox News and News Corp.
The deal, valued at $3.3 billion, resolves a bitter succession battle among Rupert Murdoch’s children and ensures Fox’s center-right editorial stance will remain intact.
Lachlan’s Position Secured
Lachlan Murdoch, Rupert’s eldest son and longtime executive at Fox, will retain leadership as executive chairman of Fox Corporation and chairman of News Corp.
He has managed daily operations since Rupert stepped down in November 2023.
The new arrangement prevents siblings from mounting a boardroom coup.
Under the agreement, Rupert’s older children — Prudence, Elisabeth, and James — will each receive about $1.1 billion in cash.
Their holdings in Fox and News Corp will be sold off over the next six months.
The sales represent roughly 16.9 million shares of Fox Class B stock and 14.2 million shares of News Corp stock.
A new Murdoch family trust will be created for Lachlan and his two younger half-sisters, Grace and