Rupert Murdoch buys out 3 of his children to seal fate of his media empire

    Rupert Murdoch buys out 3 of his children to seal fate of his media empire

    Title: Rupert Murdoch’s Media Empire Secures Conservative Legacy with Settlement Deal In an unprecedented move to secure his media empire’s conservative legacy after his death, 94-year-old media mogul Rupert Murdoch has settled a legal battle with three of his children. The deal involves buying out the shares of Lachlan Murdoch’s siblings – Prudence, Elisabeth and James – to ensure that Fox News, Wall Street Journal, New York Post, and other news outlets under the Murdoch umbrella maintain their conservative identity in the future. This settlement comes after years of internal family disputes over the direction of these media properties. In recent times, James Murdoch had become a vocal critic of Fox News’ coverage of events such as the January 2021 Capitol siege and its support for former President Trump. He also expressed concerns about the company’s stance on climate change issues. The decision to buy out his siblings was made in order to prevent any potential influence they might have over the future direction of these media properties after Rupert Murdoch’s passing. This move effectively ensures that Lachlan, who is set to control both Fox Corp and News Corp post-settlement, will maintain the conservative ethos established by his father. The old family trust created by Rupert Murdoch will be dissolved under this settlement agreement. A new one will replace it with Lachlan in full control. Interestingly, Rupert’s two youngest daughters from his third marriage to Wendi Deng – Grace and Chloe – are equal financial beneficiaries but have no say in the management of these companies. This development marks a significant moment for Murdoch’s media empire as it guarantees its future alignment with conservative values. It remains to be seen how this will impact public perception, political discourse, and journalistic integrity within these organizations moving forward. As an observer, I find the strategic nature of this settlement fascinating given the potential implications on both corporate governance and family dynamics.

    Source: [Original Article](https://www.npr.org/2025/09/08/nx-s1-5534435/rupert-murdoch-fox-news-family-succession-lachlan)

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