Lachlan in control of Murdoch empire as succession struggle settled
Lachlan Murdoch in charge until 2050
The battle for control of News Corp and Fox Corporation is over, with Rupert Murdoch’s eldest son Lachlan to inherit the media empire.
In an out-of-court settlement struck between the warring children of media’s most famous family, Prudence MacLeod, Elisabeth Murdoch and James Murdoch will receive more than a billion US dollars each to walk away from their father’s empire.
The drawn-out court contest has further fractured the Murdoch family, cost millions in legal fees, and led to James labelling Rupert a “misogynist” and Fox News as a “menace” to democracy in the US.
Lachlan’s leadership — now cemented until at least 2050 — means that News Corp and Fox Corporation are free to maintain their conservative positioning.
