LOS ANGELES (Reuters) -Prudence MacLeod, Elisabeth Murdoch and James Murdoch issued a statement on Wednesday saying they are happy to have reached an agreement to settle litigation over the Murdoch
Murdoch Siblings Celebrate Settlement of Family Trust Dispute
Resolution of the Murdoch Family Trust Dispute
LOS ANGELES (Reuters) -Prudence MacLeod, Elisabeth Murdoch and James Murdoch issued a statement on Wednesday saying they are happy to have reached an agreement to settle litigation over the Murdoch family trust.
"Prudence, Elisabeth and James are pleased that the matter is now behind them," said a spokesperson for James Murdoch in an emailed statement.
The Murdoch family has reached a deal in which Murdoch's politically conservative eldest son Lachlan Murdoch will cement control of the family media empire that includes Fox News and the Wall Street Journal.
Details of the Settlement
The agreement, announced on Monday, ends a family brawl over who will control one of the most high-profile global media groups, putting to rest questions of succession within the Murdoch family after its patriarch's death.
Implications for Media Control
The Murdoch family drama was widely viewed as an inspiration for the television series "Succession," about infighting among members of a media dynasty. Its real-life resolution preserves the conservative tilt of Murdoch's media outlets.
(Reporting by Dawn Chmielewski; Editing by David Gregorio)
