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The Guardian - US

World

Lauren Aratani

Murdoch family reaches deal to resolve succession fight over media empire

Lachlan Murdoch Rupert Murdoch Elisabeth Murdoch James Murdoch News Corp Company The Times

two men walk outside — Rupert and Lachlan Murdoch in Sun Valley, Idaho, on 13 July 2018. Photograph: Bloomberg/Getty Images

The succession battle at Rupert Murdoch’s media empire has ended.

The family announced on Monday that Lachlan Murdoch, Murdoch’s eldest son, will secure control of the Murdochs’ sprawling media empire that includes Fox News, The Wall Street Journal and The Times in the UK, with his three oldest siblings receiving an estimated $1.1bn each for their shares in the business.

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