Rupert Murdoch’s family reaches deal on who will control media empire after his death

    Rupert Murdoch's family reaches deal on who will control media empire after his death

    Title: The Murdoch Family’s Media Empire Legacy Continues After Rupert’s Death The news of Rupert Murdoch’s family reaching an agreement over control of his media empire after his death is not just another headline in the world of business and politics. It signifies a continuation of a legacy that has shaped global media for decades, with potential implications on U.S. politics and beyond. Rupert Murdoch’s family has always been known to be influential within the realm of news and entertainment. With this recent deal, it is clear that they intend to maintain their stronghold in these industries even after Rupert’s passing. The trust established for Lachlan Murdoch ensures continuity at Fox News, which remains a significant platform for conservative voices like President Donald Trump’s. The decision to appoint Lachlan as the heir apparent is not surprising given his experience running Fox in recent years. However, it does raise questions about how this will affect future coverage and direction of the network under new leadership. Will there be any changes in tone or content? Only time will tell. In exchange for giving up claims to control of Fox Corp., Prudence MacLeod, Elisabeth Murdoch, and James Murdoch receive stock currently valued at $3.3 billion each. This move suggests that despite potential disagreements within the family, they are committed to preserving their wealth and influence through strategic investments. The agreement also brings an end to a drama reminiscent of HBO’s “Succession,” where power struggles among siblings have significant financial implications. It serves as a reminder that behind every successful business empire lies complex relationships and negotiations between family members. In conclusion, the Murdoch family’s deal on control of their media empire post-Rupert is not just another corporate shakeup; it’s a testament to their enduring influence in shaping global news narratives. As we navigate through this new era under Lachlan’s leadership, one can only wonder what the future holds for Fox News and other Murdoch-owned platforms.

    Source: [Original Article](https://abcnews.go.com/Business/wireStory/rupert-murdochs-family-reaches-deal-control-media-empire-125378198)

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