{"id":8696,"date":"2025-09-08T23:45:08","date_gmt":"2025-09-08T23:45:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/8696\/"},"modified":"2025-09-08T23:45:08","modified_gmt":"2025-09-08T23:45:08","slug":"murdoch-family-settles-dispute-on-control-of-media-assets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/8696\/","title":{"rendered":"Murdoch family settles dispute on control of media assets"},"content":{"rendered":"

Rupert Murdoch’s children have reached a settlement in the legal dispute over control of the right-wing media mogul’s companies, News Corp and Fox Corp have announced.<\/p>\n

The agreement resolves litigation after some siblings had contested Mr Murdoch’s effort to install as successor his son Lachlan, who shares his father’s political orientation.<\/p>\n

However, a Nevada court had blocked the 94-year-old’s effort.<\/p>\n

The new deal establishes a trust to replace the Murdoch Family Trust that had included all the siblings and half-siblings.<\/p>\n

\"Rupert
\nThe agreement resolves litigation after some siblings had contested Rupert Murdoch’s effort to install as successor his son Lachlan<\/p>\n

Under the agreement, Prudence MacLeod, Elisabeth Murdoch and James Murdoch will receive cash based on equity sales and cease to have holdings in either media company.<\/p>\n

The eldest daughter, Prudence, has had little involvement in the family business, but children James and Elisabeth are known as more politically centrist.<\/p>\n

Friction over the future of the holdings, a stable that includes Fox News, The Wall Street Journal and a host of British and Australian media, had been the inspiration for the hit TV series “Succession.”<\/p>\n

“New trusts will be established for the benefit of Lachlan Murdoch, Grace Murdoch and Chloe Murdoch,” said a press release that identified Rupert and his two half-sisters as “remaining beneficiary trusts”.<\/p>\n

Meanwhile, “the departing beneficiaries” will “cease to be beneficiaries in any trust holding shares in News Corp or Fox Corporation”.<\/p>\n","protected":false},"excerpt":{"rendered":"Rupert Murdoch’s children have reached a settlement in the legal dispute over control of the right-wing media mogul’s…\n","protected":false},"author":2,"featured_media":8697,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":["post-8696","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/8696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=8696"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/8696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/8697"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=8696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=8696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=8696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}