Rupert Murdoch’s media empire has seen a significant leadership shift following a $3.3 billion family settlement reached on September 8, 2025, which ended a long-standing dispute over succession. As part of the agreement, Lachlan Murdoch, the eldest son of Rupert, assumes control of the family’s major media holdings, including Fox News and The Wall Street Journal, while his siblings—James, Elisabeth, and Prudence—have agreed to relinquish their stakes and step aside. The resolution, which took place under the jurisdiction of Nevada at the Washoe County Courthouse in Reno, provides each of the three children with $1.1 billion in exchange for their shares, funded through the sale of millions of Fox and News Corp Class B shares. A new family trust now holds substantial stakes in the companies, naming Lachlan along with Rupert’s daughters Grace and Chloe as beneficiaries, while explicitly preventing the other siblings from participating in future acquisitions or takeover attempts. This set...
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