Learn English: Power Shift in the Murdoch Media Empire (normal)

3 days, 12 hours ago

Power Shift in the Murdoch Media Empire

After years of family drama, Lachlan Murdoch secures control of his father's influential media empire.

This deal ensures the continued conservative stance of Fox News and other major Murdoch publications.

A trust established until 2050 grants Lachlan sole voting rights over Fox Corporation and News Corp.

Rupert Murdoch's other children will sell their holdings, receiving significant financial compensation in return.

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Source

Original: TIME

Tags

#Rupert Murdoch #Lachlan Murdoch #Media Empire #Succession #Fox News

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