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The end of Rupert Murdoch’s ‘Succession’ saga?
Published 10 months ago
Description
Lachlan Murdoch has finally secured his place as his father Rupert’s successor, following a long sibling battle for control over one of the highest-profile media groups in the world.
Under the deal, some of Rupert's other children – James Murdoch, Elisabeth Murdoch and Prudence MacLeod – will sell their personal holdings in Fox and News Corp, with each expected to receive about $1.1bn (£810m). A new family trust will be created to benefit Lachlan and his younger siblings, Grace and Chloe Murdoch.
Joining Niall Paterson to unravel the dispute – thought to have been one of the inspirations for the TV series Succession – are Paddy Manning, author of The Successor: The High-Stakes Life Of Lachlan Murdoch and our business correspondent, Paul Kelso.
Producer: Emily Hulme
Editor: Mike Bovill
Under the deal, some of Rupert's other children – James Murdoch, Elisabeth Murdoch and Prudence MacLeod – will sell their personal holdings in Fox and News Corp, with each expected to receive about $1.1bn (£810m). A new family trust will be created to benefit Lachlan and his younger siblings, Grace and Chloe Murdoch.
Joining Niall Paterson to unravel the dispute – thought to have been one of the inspirations for the TV series Succession – are Paddy Manning, author of The Successor: The High-Stakes Life Of Lachlan Murdoch and our business correspondent, Paul Kelso.
Producer: Emily Hulme
Editor: Mike Bovill