Lachlan Murdoch takes control of media empire…
The Murdoch household on Monday resolved the legal battle over control of its media empire, which incorporates Fox Corp. and News Corp, the company said.
Lachlan Murdoch — the manager chairman and CEO of Fox Corp. and chairman of News Corp — will keep control of the media giant cast by his 94-year-old father, Rupert Murdoch.
Under the phrases of the deal, a new trust called LGC Holdco LLC, shall be established for the benefit of Lachlan Murdoch, and his youthful sisters Grace and Chloe Murdoch.
The Murdoch household on Monday resolved the legal battle over control of its…
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