Rupert Murdoch’s children have reached a settlement in the legal dispute over control of the right-wing media mogul’s companies, with son Lachlan set to take over.

The new deal establishes a trust to replace the Murdoch Family Trust that had included all the siblings and half-siblings.

Under the agreement, Prudence MacLeod, Elisabeth Murdoch and James Murdoch will receive cash based on equity sales and cease to have holdings in any of the media companies. 

Author and journalist Paddy Manning says a lot of these shares will be sold to the public instead.

LISTEN ABOVE

Rupert Murdoch’s children have reached a settlement in the legal dispute over control of the right-wing media mogul’s companies, with son Lachlan set to take over.
The new deal establishes a trust to replace the Murdoch Family Trust that had included all the siblings and half-siblings.
Under the agreement, Prudence MacLeod, Elisabeth Murdoch and James Murdoch will receive cash based on equity sales and cease to have holdings in any of the media companies.&nbsp;
Author and journalist Paddy Manning says a lot of these shares will be sold to the public instead.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Paddy Manning: author and journalist on the Murdoch family resolving media succession battle

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ad265cfa-7ee0-4d16-9675-b3530083f38c/transcript