00:00In a development that appears to end the family drama that served as an inspiration for HBO's
00:05succession, Rupert Murdoch's family will have reached a deal on who will control the Media
00:10Mogul's empire after his death. Murdoch's media empire controls Fox News, the most popular
00:15network for U.S. President Donald Trump and fellow Republicans. The deal creates a trust
00:20establishing control of Fox Corporation for Lachlan Murdoch, Rupert's chosen heir, alongside
00:25his sisters Grace and Chloe. Lachlan Murdoch's three older siblings gave up claims to controlling
00:30Fox in exchange for a stock reportedly valued at $33 billion. The three older siblings are
00:37known to not be as conservative as their father, with the court fighting kicking off when Rupert
00:42and Lachlan sought to change the terms of an established trust. The trust, which no longer
00:48applies, gave Rupert Murdoch's children equal say in his media holdings after his death.
00:55604-801- threatening
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