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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7a08cc1b-597a-4700-aefb-b3530083ec17/transcript