Rupert Murdoch settles court fight with children over media empire's future
Rupert Murdoch settles court fight with children over media empire's future
Murdoch family settles court fight over media empire's future
The deal ends a bitter Succession-style dispute that had pitted members of the family against each other in court, and means Rupert Murdoch's media outlets are likely to retain their right-wing bent a...
Rupert Murdoch's family has reached a deal that guarantees eldest son Lachlan will retain control of his father's media empire after the elderly patriarch's death.
James, Elisabeth and Prudence will each receive more than $US1 billion ($1.52 billion) for their shares in the companies, The New York Times reported, citing an anonymous source with knowledge of the negotiations.
Fox said the three siblings would also be prevented from ever buying back into the companies.