By — David Bauder, Associated Press David Bauder, Associated Press Leave your feedback Share Copy URL https://www.pbs.org/newshour/politics/murdoch-family-reaches-media-empire-succession-deal-that-wont-change-direction-of-fox-news Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Murdoch family reaches media empire succession deal that won’t change direction of Fox News Politics Sep 8, 2025 5:52 PM EDT Rupert Murdoch’s family has reached a deal on control of the 94-year-old mogul’s media empire after his death, ensuring no change in direction at Fox News, the most popular network for President Donald Trump and conservatives. The deal creates a trust establishing control of the Fox Corp. for Lachlan Murdoch, Rupert’s chosen heir who has been running Fox in recent years, along with his younger sisters, Grace and Chloe. Lachlan Murdoch’s three older siblings, Prudence MacLeod, Elisabeth Murdoch and James Murdoch, give up any claims to control of Fox in exchange for stock currently valued at $3.3 billion, according to The New York Times, which first reported news of the deal. It ends a drama that has been like a real-life version of HBO’s “Succession,” only with huge financial implications and an impact on U.S. politics. This story is developing and will be updated. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — David Bauder, Associated Press David Bauder, Associated Press
Rupert Murdoch’s family has reached a deal on control of the 94-year-old mogul’s media empire after his death, ensuring no change in direction at Fox News, the most popular network for President Donald Trump and conservatives. The deal creates a trust establishing control of the Fox Corp. for Lachlan Murdoch, Rupert’s chosen heir who has been running Fox in recent years, along with his younger sisters, Grace and Chloe. Lachlan Murdoch’s three older siblings, Prudence MacLeod, Elisabeth Murdoch and James Murdoch, give up any claims to control of Fox in exchange for stock currently valued at $3.3 billion, according to The New York Times, which first reported news of the deal. It ends a drama that has been like a real-life version of HBO’s “Succession,” only with huge financial implications and an impact on U.S. politics. This story is developing and will be updated. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now