Who will control the Murdoch family media empire after the succession agreement?

Lachlan Murdoch will assume full control of the family media empire, including Fox Corporation and News Corp., with sole voting control through a new family trust shared with his two sisters.

How does the succession agreement affect the editorial direction of Fox News and other media outlets?

The agreement ensures that Fox News and related media outlets will maintain a conservative editorial slant under Lachlan Murdoch's leadership for the foreseeable future.

What was the legal and family context surrounding the Murdoch succession agreement?

The deal resolves longstanding litigation and succession disputes within the family, including a Nevada court finding that Rupert and Lachlan Murdoch acted in "bad faith" during the succession process.

What are some notable assets under Fox Corporation controlled by Lachlan Murdoch?

Fox Corporation owns Fox News Media, Fox Entertainment, Fox Sports, affiliate station contracts, and the streaming service Tubi, with Fox News recently achieving top primetime viewership.

12 sources

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3M ago

Lachlan Murdoch Confirmed to Lead Family Media Empire, Securing Conservative Editorial Future

Lachlan Murdoch assumes control of the family media empire, including Fox and News Corp, ensuring a conservative editorial future. Siblings receive $1.1 billion each.

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Overview

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Lachlan Murdoch is set to inherit full control of the family's vast media empire, including Fox and News Corp, following a definitive succession agreement.

This leadership transition ensures the continued conservative editorial slant of the news brands, such as Fox News, for the foreseeable future.

Lachlan's siblings will each receive $1.1 billion for their shares, totaling $3.3 billion, as part of a newly established family trust.

The agreement resolves all previous litigation and the long-standing family succession dispute over the media conglomerate's future.

This final arrangement comes despite a Nevada court finding that Rupert and Lachlan Murdoch acted in "bad faith" during the succession process.

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Analysis

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Center-leaning sources frame the Murdoch succession as a dramatic, ideologically charged power struggle, akin to the TV show "Succession." They emphasize Rupert Murdoch's determination to secure a conservative legacy through Lachlan, highlighting the "bad faith" attempts to alter the trust and the "sidelining" of more moderate siblings. The narrative underscores the significant financial and personal costs of this battle for control over a politically influential media empire.

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Rupert Murdoch's family reaches deal on who will control media empire after his death

ABC News•4M ago

Murdochs reach deal in succession battle

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Murdoch Settlement Stunner: Lachlan’s Status Reaffirmed As James, Elisabeth And Prudence Cut Ties With Family Business

Deadline•4M ago

Meet Lachlan Murdoch, who will control his father's assets after Rupert dies

Business Insider•4M ago

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FAQ

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: Lachlan Murdoch will assume full control of the family media empire, including Fox Corporation and News Corp., with sole voting control through a new family trust shared with his two sisters.
Sources:
TIME
: The agreement ensures that Fox News and related media outlets will maintain a conservative editorial slant under Lachlan Murdoch's leadership for the foreseeable future.
Sources:
TIME
: Lachlan Murdoch's siblings, Grace and Chloe, will each receive $1.1 billion for their shares, totaling $3.3 billion, as part of the newly established family trust.
Sources:
TIME
: The deal resolves longstanding litigation and succession disputes within the family, including a Nevada court finding that Rupert and Lachlan Murdoch acted in "bad faith" during the succession process.
Sources:
TIME
: Fox Corporation owns Fox News Media, Fox Entertainment, Fox Sports, affiliate station contracts, and the streaming service Tubi, with Fox News recently achieving top primetime viewership.
Sources:
TIME

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