The dispute over media control of the Meidor family has been resolved, with the eldest son set to control the Meidor media empire

AASTOCKS
2025.09.09 00:40

According to foreign media reports, the Murdoch family has reached an agreement regarding the inheritance of media tycoon Rupert Murdoch's media empire, with the eldest son Lachlan Murdoch, who is said to have a conservative stance, set to control the media empire that includes Fox News and The Wall Street Journal.

The other three children of Murdoch, including James Murdoch, Elisabeth Murdoch, and Prudence Murdoch, will sell approximately 16.9 million Class B voting shares of Fox and about 14.2 million Class B common shares of News Corp, with the transaction expected to be completed within six months. According to reports from Reuters, each is expected to receive around $1.1 billion.

In addition, the family will establish a new trust fund of approximately $3.3 billion, controlling 36% of Fox's Class B common shares and 33% of News Corp's Class B shares, with beneficiaries being Lachlan Murdoch and Grace and Chloe, the daughters of Murdoch and his ex-wife Wendi Deng.

The agreement ends the dispute over media control within the Murdoch family and resolves inheritance issues following Murdoch's eventual passing

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