A multi-year succession conflict within Rupert Murdoch's media empire has concluded, with his son Lachlan Murdoch gaining control of the news group. This agreement ensures the continued conservative alignment of major outlets like Fox News and The Wall Street Journal.

• Under the deal, Lachlan will control a new trust, while siblings Prudence MacLeod, Elisabeth Murdoch, and James Murdoch will cease to be beneficiaries of any trust with shares in Fox or News Corp.
• The family's internal strife inspired the TV drama Succession, and this agreement ends all associated litigation.
• The three siblings are poised to sell their holdings in Fox and News Corp, receiving cash from the sale of approximately 14.2 million shares of News Corp and 16.9 million shares of Fox Corp.