If you’ve never seen HBO’s “Succession,” I highly recommend it. It’s not everyone’s cup of tea, but I found it to be a fascinating blend of fine writing, interpersonal drama, and cutthroat, high-stakes corporate maneuvering. The series was reportedly based on Rupert Murdoch, his family, and his News Corp.-Fox News empire.

Murdoch’s family has no shortage of its own theatrics, as we have written about, but on Monday, many questions about the future of the conglomerate were answered:

The Murdoch family on Monday resolved the legal battle over control of its media empire, which includes Fox Corp. and News Corp, the company said.

Lachlan Murdoch — the executive chairman and CEO of Fox Corp. and chairman of News Corp — will maintain control of the media giant forged by his 94-year-old father, Rupert Murdoch.

Under the terms of the deal, a new trust called LGC Holdco LLC, will be established for the benefit of Lachlan Murdoch, and his younger sisters Grace and Chloe Murdoch.

Lachlan would appear to hold the most powerful cards in the arrangement:

Lachlan Murdoch will control all the votes in LGC Holdco, which will hold large stakes in Fox Corp., parent company of top-rated cable network Fox News, and News Corp — whose properties include the New York Post and the Wall Street Journal — once the deal is completed.

Lachlan Murdoch buys out his siblings, will control Fox for decades to come. Huge win if you care about a true marketplace of ideas in the country, it’s basically Fox vs every other left wing legacy media outlet in TV & newspapers.

— Clay Travis (@ClayTravis) September 8, 2025