- A dramatic legal battle in which 94-year-old media mogul Rupert Murdoch tried to change an irrevocable trust to bar his more liberal children from majority control of Fox News and The Wall Street Journal has ended in a multibillion-dolllar settlement that leaves the outlets in the hands of his conservative son, Lachlan Murdoch.
Rupert Murdoch’s decades-long, high-stakes battle over the future of his media empire has ended with a sweeping settlement, transferring control of Fox News and The Wall Street Journal to his eldest son, Lachlan Murdoch, while other heirs exit a family trust that controlled the outlets in exchange for huge payouts.
