Lachlan Murdoch Secures Control Of Fox News: What The Succession Deal Means For Media And Politics
(MENAFN- The Rio Times) The Murdoch family has ended years of dispute over who will lead its global media empire. Under a settlement announced this week, Lachlan Murdoch, eldest son of Rupert Murdoch, will assume sole control of the family trust overseeing Fox News, the Wall Street Journal, and other Murdoch outlets.
The $3.3 billion deal cements the conservative trajectory of one of the world's most influential media networks and sets the stage for its future role in shaping political truth.
A Family Truce
The agreement concludes a long-running feud among Rupert's four eldest children. While the trust was originally designed to give each an equal vote, Prudence, Elisabeth, and James Murdoch agreed to cash out-receiving about $1.1 billion each-while Lachlan takes sole voting power until 2050.
The move follows a Nevada court battle that had exposed fears of a“coup” against Lachlan's leadership.
Fox's Unrivaled Power
Fox News today is more dominant than CNN was at its peak. With prime-time audiences regularly exceeding 2 million, Fox often outdraws CNN and MSNBC combined.
Studies show its influence extends beyond ratings: the channel has shifted Republican vote shares by several percentage points in past elections.
For many conservatives, Fox is not just a source of news but the central arbiter of truth-an influence underscored by its $787.5 million settlement in 2023 over false election claims.
The New Leader
Lachlan Murdoch, 52, has effectively run Fox and News Corp for several years, and his politics closely mirror his father's.
Known for his low profile and pragmatic style, he is expected to maintain Fox 's hardline editorial approach while protecting its commercial dominance. With siblings sidelined, there are no internal checks on his authority.
What It Means
For the U.S., the deal ensures Fox's continued role as a kingmaker in conservative politics. Internationally, Murdoch-owned outlets in the UK and Australia are likely to reinforce similar narratives.
The succession settles a family drama-but also secures Fox's grip on defining political reality for millions, making Lachlan Murdoch one of the most powerful shapers of truth in the modern media landscape.
The $3.3 billion deal cements the conservative trajectory of one of the world's most influential media networks and sets the stage for its future role in shaping political truth.
A Family Truce
The agreement concludes a long-running feud among Rupert's four eldest children. While the trust was originally designed to give each an equal vote, Prudence, Elisabeth, and James Murdoch agreed to cash out-receiving about $1.1 billion each-while Lachlan takes sole voting power until 2050.
The move follows a Nevada court battle that had exposed fears of a“coup” against Lachlan's leadership.
Fox's Unrivaled Power
Fox News today is more dominant than CNN was at its peak. With prime-time audiences regularly exceeding 2 million, Fox often outdraws CNN and MSNBC combined.
Studies show its influence extends beyond ratings: the channel has shifted Republican vote shares by several percentage points in past elections.
For many conservatives, Fox is not just a source of news but the central arbiter of truth-an influence underscored by its $787.5 million settlement in 2023 over false election claims.
The New Leader
Lachlan Murdoch, 52, has effectively run Fox and News Corp for several years, and his politics closely mirror his father's.
Known for his low profile and pragmatic style, he is expected to maintain Fox 's hardline editorial approach while protecting its commercial dominance. With siblings sidelined, there are no internal checks on his authority.
What It Means
For the U.S., the deal ensures Fox's continued role as a kingmaker in conservative politics. Internationally, Murdoch-owned outlets in the UK and Australia are likely to reinforce similar narratives.
The succession settles a family drama-but also secures Fox's grip on defining political reality for millions, making Lachlan Murdoch one of the most powerful shapers of truth in the modern media landscape.
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