Rupert Murdoch and children reach deal in succession fight

The Murdoch family, Rupert Murdoch’s politically conservative son Lachlan Murdoch cement control Fox News and The Fox News Wall Street Journal.

Fox Corp, Murdoch Family Foundation has reached a mutual decision on the legal proceedings, which has led to the end of all cases, he said.

Lachlan Murdoch, Grace Murdoch and Chloe Murdoch will benefit new family trusts. Murdoch’s three children, Prudence Macleod, Elisabeth Murdoch and James Murdoch, Fox or News Corp.

Children from Family Trust will partially receive cash compensation from the sale of about 14.2 million shares of Fox B Class B stocks and News Corp’s B -class B -class shares. The payment amount was not announced.