SaralnamaRupert Murdoch's son Lachlan will control his media empire, including Fox News and The Wall Street Journal. The family announced this deal. Lachlan will manage a new trust, while his siblings Prue, Elizabeth, and James will no longer be trust beneficiaries for Fox or News Corp shares. This ends a long family battle over the future of their media networks. Lachlan's older siblings plan to sell their Fox and News Corp holdings soon. They will benefit from a new trust funded by the sale of 14.2 million News Corp shares and 16.9 million Fox Corp shares. This allows them to separate from the company's conservative stance. To learn more about media ownership, students can research other major news companies in India. (Updated 9 Sep 2025, 03:01 IST; source: link)
Key Points
- Rupert Murdoch's son Lachlan will control his media empire, including Fox News and The Wall Street Journal
- The family announced this deal
- Lachlan will manage a new trust, while his siblings Prue, Elizabeth, and James will no longer be trust beneficiaries for Fox or News Corp shares