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  • 4 months ago
Rupert Murdoch’s son Lachlan Murdoch will take full control of the family’s global media empire, including Fox News and The Wall Street Journal.

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00:00Rupert Murdoch's son, Lachlan Murdoch, will take full control of the family's global media empire,
00:05including Fox News and The Wall Street Journal, ending a long-standing internal battle.
00:11A new trust will be created in Lachlan's favor, alongside his daughters,
00:15while Rupert's other children, James, Elizabeth, and Prudence,
00:18will cash out their stakes over the next six months.
00:21The settlement resolves all ongoing legal disputes within the Murdoch Family Trust.
00:26Though exact financial terms weren't disclosed,
00:28the sale includes nearly 31 million shares across Fox and News Corporation.
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