The Murdoch family have finalised an agreement that gives Rupert Murdoch’s son Lachlan firm control over the global media empire behind Fox News and The Wall Street Journal.
The deal brings to an end months of uncertainty and internal family disputes over succession within one of the world’s most influential media groups.
Lachlan Murdoch, who has been gradually taking on more leadership in recent years, will now assume undisputed authority over the sprawling network of television, print, and digital outlets.
The decision secures continuity for Fox Corporation and News Corp, two pillars of the Murdoch dynasty that shape political and business debates in the United States and beyond.
The succession battle had raised questions about the future direction of the company, with some siblings expressing concerns about Lachlan’s leadership and the concentration of power.
The resolution avoids a drawn-out legal contest and ensures a clear line of command across the family’s holdings.
For Rupert Murdoch, who built the empire over decades from a single newspaper in Australia, the settlement marks a turning point.
At 94, he has been gradually stepping back from day-to-day decision-making, though he remains a powerful figure within the business.
Analysts say Lachlan Murdoch faces the task of steering the company through an evolving media landscape, with traditional outlets under pressure from streaming platforms, digital competitors, and shifting audience habits.
His leadership will also be tested by political scrutiny, as Fox News remains one of the most influential and controversial broadcasters in American politics.
The family’s decision provides stability at the top, but debate over the long-term direction of the Murdoch empire is likely to continue as the industry confronts rap
id change.