Murdoch Family Trust Dispute Ends as Lachlan Murdoch Seizes Control

Lachlan Murdoch secured formal control of his family’s media empire today after the Murdoch siblings agreed to terminate litigation and divest their stakes in Fox Corp. and News Corp.

The long-running dispute over the Murdoch Family Trust culminated in a settlement that cements Lachlan Murdoch’s leadership, resolves legal battles in Nevada and ensures continuity of the conservative-leaning media outlets he oversees.

Key Elements of the Settlement

• All lawsuits related to the Murdoch Family Trust have been terminated by mutual agreement.
• Prudence MacLeod, Elisabeth Murdoch and James Murdoch will cease to be beneficiaries and will sell their trust shares over the next six months.
• A new trust, LGC Holdco, controlled by Lachlan Murdoch and his daughters Grace and Chloe, will hold approximately 36.2% of Fox Class B stock and 33.1% of News Corp Class B stock.

Transition of Voting Control Under the terms of the deal, voting rights over the shares in Fox Corporation and News Corporation will rest solely with Lachlan Murdoch through his appointed managing director. Rupert Murdoch will continue as Chairman Emeritus, while the departing siblings receive cash consideration funded in part by the public sale of roughly 16.9 million Fox Class B shares and 14.2 million News Corp Class B shares.

Implications for the Media Empire

• Fox News Media and Fox Sports remain under unified leadership, preserving their current editorial stance.
• Tubi Media Group and other entertainment assets continue operating under the Fox corporate umbrella.
• News Corp’s major publications, including The Wall Street Journal and The New York Post, will maintain their conservative editorial direction.

By resolving familial and legal conflicts, the Murdoch settlement secures a clear succession path and lays the groundwork for stable governance of one of the world’s most influential media conglomerates.