Lachlan Ascends: Murdoch Heir Clinches Control of Fox News and WSJ

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.

Transcript

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.