- The dispute over the fate of the multibillion-dollar Murdoch Family Trust has come to an end.
- Rupert Murdoch and his children have reached an agreement over what will become of his media empire.
- Lachlan Murdoch, the conservative chair of Fox, will retain control of the assets for decades.
The real-life "Succession" drama that has consumed one of the world's richest and most famous families has reached its finale.
The dispute over the Murdoch family trust — which controls media companies like Fox News, The New York Post, and The Wall Street Journal — has been resolved, the family's company, News Corp., announced Monday.
Rupert Murdoch's eldest son, Lachlan Murdoch — favored in part because of his commitment to conservative politics — will control the brands via a new trust.
The agreement follows an ongoing legal battle in Nevada, which saw patriarch Rupert and Lachlan pitted against three of Rupert's other children: James, Liz, and Prudence.
Under the new agreement, James, Liz, and Prudence will no longer have any stake in the companies that their father built.
This is a developing story.
