The real-life 'Succession' fight for control of the Murdoch media empire has come to an end

Rupert Murdoch with his sons Lachlan Murdoch (L) and James Murdoch (R) in 2016 — before the latest chapter of their bitter succession dispute began.Photo by Max Mumby/Indigo/Getty ImagesThe 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.Read the original article on Business Insider

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