The long-running dispute within the Murdoch family over control of News Corp and Fox Corporation has been resolved with a sweeping agreement. Under the new deal, Lachlan Murdoch is granted sole voting control via a newly created family trust, while his older siblings—Prudence, Elisabeth, and James—will step away from decision-making in exchange for substantial cash compensation.
The settlement is valued at about $3.3 billion, with each of the three siblings receiving around $1.1 billion for their shareholding. In return, they relinquish their rights in the family trust that governs the media conglomerates.
Two younger Murdoch siblings—Grace and Chloe—will also have stakes in the new trust, but without voting power. Meanwhile, the existing trust structure has been reworked so that Lachlan’s control is secured through to 2050. Rupert Murdoch will remain as Chairman Emeritus, ensuring a continuity of leadership while confirming the decision of who steers the company in the years ahead.
The arrangement ends years of family litigation, media speculation, and corporate maneuvering, providing clarity for shareholders and employees alike. The move also reassures observers that the media empire’s editorial stance and strategic direction will remain aligned with Lachlan’s leadership.
