Rupert Murdoch’s family has reached a long-awaited succession deal that secures the future of Fox News under Lachlan Murdoch’s control. The agreement ensures the conservative network, a key platform for President Donald Trump and his allies, will not change course after Murdoch’s passing.
Lachlan, who has been leading Fox Corp. in recent years, will share oversight with his younger sisters, Grace and Chloe. In return, his three older siblings — Prudence MacLeod, Elisabeth Murdoch, and James Murdoch — have relinquished their claims in exchange for $3.3 billion in stock.
Rupert Murdoch has resolved the bitter dispute over his sprawling media empire, handing his eldest son Lachlan future control of the business and buying out his three other children from their family trust in a $3.3bn deal. https://t.co/tgJsHoDpVx pic.twitter.com/5x0z0SiKcl
— Financial Times (@FT) September 8, 2025
The deal ends years of speculation over the Murdoch dynasty’s future and keeps Fox News firmly aligned with its conservative audience.
