The Murdoch family has come to an agreement that sets the direction for the family’s media empire and resolves a long-standing dispute.
Lachlan Murdoch, whose father, Rupert Murdoch, wanted to run his media empire, will remain in control of News Corp. and Fox Corp., according to Axios.
In dissolving a trust that gave all four children equal shares, Prudence, Elisabeth, and James Murdoch will depart the media business with large payouts that bring a lawsuit to an end.
Trending: Leftists Panicking Online as MAGA Turns Their Own Tool Against Them
“It’s great news for investors. It gives us a clarity about our strategy going forward. It shows that our strategy will be consistent, it’s clear, and it’s very sustainable,” Lachlan Murdoch said, according to a report from The Washington Post posted on X.
“We are very pleased
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!