Lachlan Murdoch gains control of Fox and WSJ media empire

Lachlan Murdoch has been confirmed as the primary heir to his father Rupert Murdoch's global media empire through a new family succession agreement. The deal establishes Lachlan's role as the main leader of major media properties including Fox News, Fox Corporation, and The Wall Street Journal.

This transition comes after years of speculation about which of Rupert Murdoch's children would ultimately inherit the family's media businesses. Lachlan, who has worked closely with his father for years, has been gradually positioned as the preferred successor. The 92-year-old Rupert Murdoch is ensuring a smooth leadership transition while maintaining significant influence.

This change is significant for both the Murdoch family and the broader media landscape, as Fox News remains highly influential and The Wall Street Journal is globally respected. Lachlan has been preparing for this role through key executive positions and has demonstrated strategic leadership capabilities.