To control a row of battles in Rupert Murdoch’s conservative media empire, his son Lachlan is ready to take control of the news empire.
The deal announced by the family on Monday will ensure continued conservative tendencies among Fox News, the Wall Street Journal and the New York Post, even after the death of Rupert, 94.
Under the agreement, Lachlan will control the new trust, while siblings Prue MacLeod, Elizabeth Murdoch and James Murdoch will cease to be beneficiaries of any trust in Fox or News Corp.
With years of tension between the media tycoon and his three children, in the future of family-owned newspaper and television networks.
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