News

Murdoch family settles succession dispute; Lachlan in charge

Lachlan Murdoch secures control of media empire in deal ending family succession battle

Published

6 months ago

September 9, 2025

ticker NEWS

Lachlan Murdoch secures control of media empire in deal ending family succession battle.

In Short:
– Lachlan Murdoch becomes head of the family media assets after a succession battle.
– His siblings receive $1.1 billion each in the buyout agreement.

The succession battle at Rupert Murdoch’s media empire has concluded. According to Bloomberg, Lachlan Murdoch, his eldest son, will take control of the family’s media assets, which include Fox News, The Wall Street Journal, and The Times in the UK.

His three older siblings will receive approximately $1.1 billion each for their shares. This resolution follows a legal dispute among Murdoch’s eldest children, reminiscent of the HBO series “Succession.” Lachlan’s leadership is significant, as he is perceived as the most conservative sibling. He has been the chairman of News Corp since 2023, overseeing numerous publications.

The siblings initially challenged their father’s attempt to shift voting power, a project he called “Project Family Harmony.” Murdoch believed Lachlan was best suited to lead the empire.

Trust Agreement

The family agreed on a buyout after extensive negotiations. A Nevada commissioner previously ruled that Rupert and Lachlan acted in bad faith regarding trust terms. News Corp expressed confidence in Lachlan’s leadership as pivotal for the company’s future success.

News

Trump weighs U.S. role in Iran as Middle East conflict escalates

Trump consults advisers on U.S. strategy post-Iran conflict as regional tensions escalate amid military actions.

Published

9 hours ago

March 5, 2026

Harvey Vargas

Trump consults advisers on U.S. strategy post-Iran conflict as regional tensions escalate amid military actions.

President Trump is consulting with top advisers on how the U.S. should respond once the conflict in Iran subsides. Decisions on military, diplomatic, and regional strategies are reportedly being finalised amid the ongoing conflict.

Meanwhile, Iran has targeted multiple regional sites while Israel intercepted a jet fighter over Tehran, signalling a dangerously volatile situation. International concern grows as conflicts risk wider escalation.

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News

U.S. submarine sinks Iranian warship near Sri Lanka

U.S. video of Iranian warship sinking escalates tensions, confirms submarine responsible near Sri Lanka, sparks geopolitical concerns.

Published

9 hours ago

March 5, 2026

Harvey Vargas

U.S. video of Iranian warship sinking escalates tensions, confirms submarine responsible near Sri Lanka, sparks geopolitical concerns.

A dramatic video showing the sinking of an Iranian warship has been released by the United States, escalating tensions in an already volatile region. While the exact date and full details of the footage remain unverified, the images have quickly gone viral across global platforms.

U.S. Department of War Secretary Pete Hegseth confirmed that a U.S. submarine was responsible for sinking the Iranian vessel off the southern coast of Sri Lanka. The development marks a significant flashpoint in maritime security across the Indo-Pacific.

Sri Lanka’s Foreign Minister identified the ship as the IRIS Dena, raising fresh geopolitical questions about Tehran’s naval movements and Washington’s strategic response.

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