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International Business Times

Business

Murdoch Family Settles Dispute On Control Of Media Assets

Lachlan Murdoch Rupert Murdoch James Murdoch Elisabeth Murdoch News Corp Fox Corp Fox Prudence MacLeod Wendi Deng

Lachlan Murdoch, Rupert Murdoch and James Murdoch shown in March 2014 (Credit: AFP)

Rupert Murdoch's children have reached a settlement in the legal dispute over control of the right-wing media mogul's companies, News Corp and Fox Corp announced Monday.

The agreement resolves litigation after siblings had contested Murdoch's effort to install as successor his son Lachlan, who shares his father's political orientation.

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