Rupert Murdoch has reached a $3.3 billion (£2.7 billion) settlement that guarantees his eldest son, Lachlan Murdoch, will inherit control of the family's global media assets. The agreement ends years of speculation and legal wrangling over succession, confirming Lachlan as the single figure of authority at the top of the empire.
The deal concludes one of the most publicised family disputes in the media world. For Murdoch, who stepped back from the day-to-day running of Fox Corporation and News Corp in 2023, it represents a decisive move to secure stability for the companies that include Fox News, The Wall Street Journal and The Sun.
