Succession battle for one year The conservative media empire of Rupert Murdoch was completed by his son Lachlan to control the news group.
The family announced on Monday, and will guarantee conservative expectations for Fox News, Wall Street Journal and New York Post even after 94 -year -old Rupert’s death.
Under the contract, Lachlan will control new trust and will stop the brothers and sisters prue Macleod, Elizabeth Murdoch and James Murdoch to be a beneficiary for stocks of FOX or News Corp.
It follows the years of tensions between the media big and his three children about the future of family newspapers and television networks.
The interior confusion of the Murdock family inspired the succession of popular television dramas. The actual Saga, which was announced on Monday, was announced to end all litigation against family trust.
Lachlan’s more politically mildest oldest brothers and sisters are ready to sell their shares in Fox and News Corp in the next few months. Also, about 14.2 million shares of news Corp. and FOX Corp.
The sale of their stocks will be added to the existing inheritance of the three brothers, but it does not affect the political bending of the family media.
Lachlan is the chairman of the News Corp, of the publications of the Wall Street Journal and The Times. He is widely known as the most politically conservative of Rupert’s oldest children.
NEWS Corp said, “The leadership, vision and management of the company’s chairman Lachlan Murdoch will continue to guide the company’s strategy and success.
