JOURNAL ARTICLE

Rupert Murdoch's real-life 'Succession' battle just ended in a multibillion-dollar deal that keeps Fox News, Wall Street Journal conservative.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Lichtenberg, Nick 3 of 3

Abstract

The article discusses the resolution of a significant legal dispute involving Rupert Murdoch, a 94-year-old media mogul, and his family regarding control of Fox News and The Wall Street Journal. The settlement results in Lachlan Murdoch, Rupert's conservative son, gaining majority control of these media outlets, while Rupert retains a ceremonial role as chairman emeritus. Other siblings, Prudence MacLeod, Elisabeth Murdoch, and James Murdoch, will exit the family trust in exchange for substantial cash payouts, totaling approximately $3.3 billion. The restructuring of the Murdoch Family Trust aims to provide clarity and maintain the conservative editorial direction of the media empire. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/09, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:187845416
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