Lachlan Murdoch is set to control the family’s global media assets, including Fox News, The Wall Street Journal and The Australian, under a new deal that ends years of infighting and speculation about what happens when Rupert Murdoch passes away. The agreement effectively sidelines Lachlan’s siblings James, Elisabeth and Prudence, who will each walk away with about $1.7 billion.

Sean Aylmer speaks to Tim Burrowes, publisher of media and marketing website Mumbrella and the newsletter UnMade, and co-host of Medialand on ABC radio.

Fear & Greed Q+A: Join Sean Aylmer & Michael Thompson and the team as they answer questions on business, investing, economics, politics and more. If you have your own question, get in touch via our website, LinkedIn, Instagram or Facebook!

Join our free daily newsletter here.