Rupert Murdoch succession battle: Eldest son Lachlan to control media empire; siblings to get $1.1 billion payout each

Rupert Murdoch's family has finalized a succession plan, ensuring Lachlan Murdoch's control over Fox Corp. until 2050. This arrangement, settling a dispute reminiscent of HBO's "Succession," grants Lachlan, along with his sisters Grace and Chloe, control of Fox News. Prudence MacLeod, Elisabeth Murdoch, and James Murdoch relinquished their claims for $3.

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