Murdochs reach deal in succession battle over media empire
The Murdoch family has reached a deal to resolve the succession battle over their media empire, which includes the conservative Fox News and News Corp. Under the agreement, Lachlan Murdoch, the elder son of media mogul Rupert Murdoch, will retain control of the Fox and News Corp businesses. The deal comes after a period of uncertainty surrounding the future leadership of the Murdoch empire, with Lachlan and his brother James Murdoch vying for control. Lachlan, who currently serves as the co-chairman of Fox and News Corp, will now solidify his position as the heir apparent to his father's media legacy. The agreement reportedly ensures a smooth transition of power, allowing the Murdoch family to maintain their influence over the influential conservative media outlets they control. The details of the deal, including any financial arrangements, have not been publicly disclosed.
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