Rupert Murdoch settled a 'Succession'-style battle. But there's still a big question about his empire.

"What's going to happen to Rupert Murdoch's media empire when he dies? The last time we asked this question, in late 2024, we didn't know. Now, after the warring tribes of the Murdoch family have brokered a reported $3.3 billion peace treaty ... we still don't know. What the new settlement, announced Monday afternoon, does resolve is the near-term future of Rupert Murdoch's empire, which includes Fox News and The Wall Street Journal. It's going to stay under his control, guided by his son Lachlan."

"That had recently been an open question, due to a messy court fight between Lachlan and his siblings James, Elisabeth, and Prudence. One outcome of that fight could have given James and his two sisters the ability to outvote Lachlan about the family business when Rupert, 94, died. That possibility increased in December, when the James Murdoch wing of the family won the first round of the fight in a Nevada courtroom."

Rupert Murdoch and his children reached a settlement in which Lachlan Murdoch will control the family's media assets after Rupert dies. The settlement reportedly involves a $3.3 billion buyout of siblings James, Elisabeth, and Prudence, removing their ability to influence Fox Corp. and News Corp. The agreement establishes a trust that grants Lachlan control of the family's assets until 2050. The settlement resolves a recent Nevada court dispute that had raised the possibility of James and his sisters outvoting Lachlan. The long-term editorial and managerial direction of Fox News and The Wall Street Journal under Lachlan remains uncertain.

Read at Business Insider