Rupert Murdoch’s family has reached a deal on control of his media empire after his death. The agreement ensures no change in direction at Fox News, a popular network for President Donald Trump and conservatives. The deal creates a trust giving control of Fox Corp. to Lachlan Murdoch, Rupert’s chosen heir, along with his younger sisters Grace and Chloe. Lachlan’s three older siblings, Prudence MacLeod, Elisabeth Murdoch and James Murdoch, give up any claims to control of Fox and receive stock currently valued at $3.3 billion. The new trust will be in place until 2050, according to terms of the deal.
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