Caliphate battle for a year The Robert Murdoch media empire has ended, as his son was prepared to control the news group.
The deal, announced by the family on Monday, will ensure the constant conservative tendency of Fox News, Wall Street Journal and New York Post even after the 94 -year -old Robert’s death.
Under the agreement, Lachlan will control new confidence while the brothers MacleOD, Elisabeth Murdoch and James Murdoch will stop the beneficiaries of any confidence with stocks in Fox or News Corp.
This is followed by years of tension between the media pole and three of its children over the future of the family -owned newspapers and networks.
The internal disturbances of the Murdoch family were an inspiration to succeed successful TV drama. The deal was announced on Monday – the conclusion of the realistic epic – all the litigation of family confidence.
The oldest politician’s older Lachlan brothers are preparing to sell their fox and news corp in the coming months. They will also be called as beneficiaries of a new box, which will get money from selling about 14.2 million shares from News Corp and 16.9 million shares from Fox Corp.
The sale of their shares will add to the inheritance of the current three siblings, but prevents them from having any impact on the political buffer of the family’s bloc. In recent years, James has distanced his family, pointing to disputes over the editorial content.
Lachlan currently holds the position of News Corp, who calculates the Wall Street Journal and the times between a large number of publications. It is widely seen as the most political conservative of Robert’s oldest children.
“The leadership, vision and management by the company president, Lachlan Murdoch, will remain important to direct the company’s strategy and success,” News Corp said in a statement announced by the deal.
Among the six children of Robert, the four largest legal disturbances were involved in the company’s future. His young children were also named from his marriage to Windy Deng Murdoch, Chloe and Grace, as beneficiaries in the new family fund.
The battle on controlling the media empire played to a large extent behind the closed doors in Nevada, a state that provides an unusual privacy of family confidence conflicts, after Robert took the surprising step in trying to change the conditions of family confidence.
He wanted to ensure that his empire would only fall into the hands of Lachlaan instead of all their four older children, but in December last year the Renault court refused that the offer said that Robert and Salalan acted in “bad faith” in an attempt to adjust confidence.
The Monday deal was a “mutual decision of legal procedures,” according to companies.