Murdochs Resolve Family Trust Succession Dispute, Ending Legal Battle

The Murdochs have resolved their ongoing legal battle over the family's trust, which holds control to the future of the News Corp. and Fox Corporation media empire. The settlement will see new trusts established for Lachlan Murdoch, Grace Murdoch and Chloe Murdoch. Prudence MacLeod, Elisabeth Murdoch and James Murdoch will cease to be beneficiaries in any trust holding shares in News Corp or Fox Corporation. The departing beneficiaries will receive cash, which will be funded from the proceeds of a sale of 14.2 million shares of News Corp Class B common stock and approximately 16.9 million . . .