The agreement ensures that Lachlan Murdoch will control his father’s media empire after the patriarch’s death, protecting the conservative bent of Fox News and other publications.
Breakdown
- Rupert Murdoch's family has reached a deal on succession for his media empire. 5s
- Lachlan Murdoch, with sisters Grace and Chloe, will control Fox Corporation via a new trust. 20s
- Murdoch's three older children gave up claims to control in exchange for $33 billion in stock. 30s
- The previous trust, which gave all children equal say, has been replaced. 47s