After a multi-decade family power struggle, the future of the Murdoch media empire is finally settled. On September 8th, the Murdoch family announced a complex agreement determining the succession of their vast holdings, including Fox Corporation and News Corp. This landmark deal solidifies Lachlan Murdoch's position as the controlling shareholder, inheriting a legacy worth an estimated $42 billion. At 54 years old, Lachlan Murdoch now commands a media empire encompassing influential brands such as Fox News, the New York Post, and the Wall Street Journal, instantly cementing his place among the world's most powerful media figures. The agreement, announced on his birthday, marks the culmination of years of intricate negotiations and ensures Lachlan Murdoch's influence over the media landscape for decades to come. This decisive move resolves a long-standing family debate about the future leadership of one of the world's most impactful media conglomerates. The immense power and reach of this inherited empire cannot be overstated, securing Lachlan Murdoch's place as a major player in the global media industry for years to come.
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Originally published at: https://www.economist.com/business/2025/09/09/lachlan-murdoch-medias-newest-mogul
